News
Market Currents: OPEC, NOPEC do not appear in compliance
Has no-one really done a ‘getting riggy with it’ pun yet? Ok then, here it goes. We’ve made it to Friday, which means we get a couple of data points to hold our attention at...
Click here 0 3,541
New Exxon CEO endorses carbon tax
Two months after taking over the CEO suite at Exxon Mobil, Darren Woods confirmed the company would continue to support a tax on carbon dioxide. In a blog post on the company’s website, Woods writes,...
Click here 0 3,710
Houston’s Hi-Crush Partners buying Permian Basin Sand Co.
Houston-based Hi-Crush Partners will buy the Permian Basin Sand Co. for $275 million to beef up its sand reserves to service rapidly growing drilling activity in West Texas. Hi-Crush is one of the biggest oilfield...
Click here 0 3,108
Wood Group PSN to pay penalties in connection with fatal offshore platform fire
NEW ORLEANS — An oil industry services company will pay $9.5 million in penalties for Gulf of Mexico safety violations and for pollution from a 2012 offshore platform fire that killed three workers. The penalties...
Click here 0 3,045
U.S. oil inventories rise again, while fuel stockpiles fall
The nation’s glut of crude oil rose again this past week, but the small increase was more than offset by shrinking inventories of refined products like gasoline. U.S. oil inventories grew by 600,000 barrels, but...
Click here 0 3,044
