After nearly 80 years, Mexico is getting its first gas station that isn’t owned or operated by the government-owned Pemex corporation. Two companies recently opened three gas stations under their brands, a result of energy reforms passed two years ago by the federal government. The company, Hidrosina opened one in Mexico City while the …
The U.S. Geological Survey now says Western Colorado has far, far more natural gas than previously thought…maybe 40 times more. It’s what government and industry experts recently said in Denver, explain the Mancos Shale formation in the state’s Piceance Basin holds an estimated 66.3 trillion cubic feet of gas. That’s a huge increase from …
In order to settle a Federal Trade Commission complaint that a merger of Williams Companies with Energy Transfer Equity would harm competition in Florida, the two companies have agreed to dump Williams’ interest in an interstate natural gas pipeline. The FTC made the announcement, indicating the proposed consent agreement “preserves competition between Florida Gas Transmission …
A state government agency discussed Seventy Seven Energy Inc.’s pending bankruptcy in executive session on Thursday in an effort to determine what impact it may have on the company’s injured workers. The Oklahoma Workers’ Compensation Commission met on Thursday afternoon to discuss Seventy Seven Energy’s status as an impaired opt-out self-insured under the restructured Oklahoma …
While oil prices retreated on Thursday, natural gas futures forged ahead to achieve their best settlement since September, according to Bloomberg MarketWatch. July West Texas Intermediate crude slid 67 cents, or 1.3%, to settle at $50.56 a barrel on the New York Mercantile Exchange, after reaching $51.23 a barrel on Wednesday. On London’s ICE Futures …
A bid by Houston-based Meridian Energy Group Inc. to build an $850 million oil refinery only 3 miles from the Theodore Roosevelt National Park in western North Dakota is delayed again by county leaders in Medora. If approved, it would be the nation’s newest refinery. Billings County Commissioners decided this week to wait until July …
Crude oil futures continued their ascent on Wednesday, soaring above the key $50 benchmark while posting their highest close in several months, according to Bloomberg MarketWatch. July West Texas Intermediate crude tacked on 87 cents, or 1.7%, to end trade on the New York Mercantile Exchange at $51.23 a barrel. August Brent crude added $1.07, …
Production has been reduced by CVR Refining at its refinery in Coffeyville, Kansas because the temporary shutdown of the Magellan Midstream Partners 8-inch refined petroleum products pipeline. The line transports up to 30,000 barrels a day of refined products from the refinery to Kansas City, Kansas and is one of three pipelines that support the …
The Iowa Utilities Board voted this week to give the green light for a subsidiary of Dallas-based Energy transfer Partners to begin work in the state as part of a nearly $4 billion pipeline to carry Bakken oil from North Dakota to Illinois. The vote was 2-1 on the three member board in favor …
Oil futures continued trading higher on Tuesday, besting marks not seen since last year, according to Bloomberg Marketwatch. July West Texas Intermediate crude added 67 cents, or 1.4%, on the New York Mercantile Exchange to end trading at $50.36 a barrel. August Brent crude, the global benchmark, tacked on 89 cents, or 1.8%, to settle …
