** The sight of a huge oil tanker that has taken on water and is leaning to one side off a remote stretch of Venezuela’s coast has triggered international calls for action. After years of neglect, the FSO Nabarima, a rusting hulk full of thick crude, is in a dangerous state of disrepair.
** Marathon Petroleum has announced that it has issued notices of redemption to redeem all of the $475 million outstanding aggregate principal amount of its 5.375% senior notes due Oct. 1, 2022.
** U.S. crude oil and fuel stockpiles fell sharply last week as Hurricane Laura shut offshore production and refining facilities, the Energy Information Administration (EIA) said Sept. 2. Crude inventories fell by 9.4 million barrels in week to Aug. 28 to 498.4 million barrels, according to data, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel drop.
** Emissions from a leaking natural gas well off the Texas coast were down to about 5% of what they were Tuesday, officials say.
** Hurricane Laura caused “catastrophic” damage to Louisiana’s electric grid and transmission towers, according to Entergy, which will leave some customers without power for weeks.
** The battle in New Jersey over the PennEast pipeline may be headed to the U.S. Supreme Court as parties await a filing from the federal government.
** A developer abandons plans for a 200 MW wind project in southern Indiana, citing new zoning rules that made the project impossible.
** A pair of shareholder lawsuits are filed in federal court claiming FirstEnergy leadership didn’t disclose the company’s role in the alleged bribery scheme surrounding the bailout law.
** A United Nations committee is exploring whether the Trump administration’s process to advance drilling in the Alaska National Wildlife Refuge failed to adequately consult with Indigenous people.
** While natural gas is still a preferred fuel option in the waste industry, electric trucks are gaining ground.
** An Arizona consumer advocate is seeking an investigation into a regulatory official accused of withholding data unfavorable to the state’s largest utility.
** A company associated with Blackjewel’s Powder River Basin mines files for Chapter 11 Bankruptcy.
** New Mexico regulators are looking at restricting oil and gas emissions of methane as the industry faces low prices and low demand, due in part to the coronavirus pandemic.