Limetree Bay Energy will shut its St. Croix refinery indefinitely due to financial problems, the company said Monday, after a series of operational setbacks shuttered the facility.
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- June 22 @ 8:11 am
The price gap between the world’s two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.
Magellan Midstream Partners, L.P., Enterprise Products Partners L.P. and Intercontinental Exchange, Inc. announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.
A federal judge in Louisiana has blocked the Biden administration’s pause on oil and gas leasing on public lands and waters, dealing a setback to a key White House effort to address climate change.
A fire last August in south Louisiana during Hurricane Laura is being blamed in part for creating “the worst chlorine shortage the country has ever seen”—much to the dismay of swimming pool owners, The Washington Post reports.
Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, reports Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.
Houston-based oil field services giant Schlumberger and Panasonic Energy of North America will collaborate on a new battery-grade lithium production process to be used by Schlumberger New Energy at its Neolith Energy pilot plant in Nevada.
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates.
Houston-based Occidental Petroleum continues its divestment campaign with a new $508 million deal to sell Permian Basin acreage to Colgate Energy Partners III LLC, a Midland, Texas-based oil and gas producer.
Indorama Ventures Public Company Limited, a global petrochemical producer, has started developing a new technology center under its Integrated Oxides & Derivatives (IOD) business at The Woodlands, Texas.
The action reverses efforts to expand fossil fuel development in the United States, and delivers a setback to the Alaskan state government which had hoped opening the enormous refuge would help revive its declining oil industry.
Have you ever pulled up to a gas pump and stepped out of your car only to realize your gas cap is on the other side? How frustrating. Now imagine you are pulling into a congested petrochemical plant driving a flatbed tractor-trailer.
Aiming to provide market-based analyses and perspective to educate about policies impacting competitive electricity markets, the PRI – a California-based, nonpartisan, free-market think tank – launched the “Electricity Reality Report.”
Recent experiences in three states provide an insight into how problematic President Joe Biden’s push for renewable energy could be for electric customers nationwide, according to a new report from Power the Future.
Enable Midstream Partners, LP announced that the Federal Energy Regulatory Commission (FERC) has granted approval to construct and operate the Gulf Run Pipeline project under section 7(c) of the Natural Gas Act.
Houston-based Nacero has awarded Bechtel the Front-End Engineering and Design (FEED) contract for the first natural gas-to-gasoline manufacturing facility in the United States.
From grid resiliency to electric vehicles to renewable fuel sources, the secretary of the U.S. Department of Energy sees opportunity for Houston to be a leader in a clean energy transition.
OPEC+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July, as they sought to balance expectations of a recovery in demand against a possible increase in Iranian supply.
In the first four months of 2021, natural gas-fired generation in the lower 48 states has decreased by nearly 7% from the same period in 2020, said a report from U.S. Energy Information Administration (EIA).