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Tag Archives: Oil Industry

Magellan officials talk BridgeTex as startup nears

Oil Pipeline

Corey Paul, The Odessa American, Texas The BridgeTex pipeline is “nearing startup” and on track to begin shipping crude to the Gulf in the middle of the third quarter this year, officials with Magellan Midstream Partners told investors on Tuesday. The pipeline, with 300,000 barrels of daily crude takeaway capacity, is a joint operation between Magellan Midstream Partners and Occidental Petroleum, ...

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Greeley residents decry council resolution opposing state initiatives to regulate oil, gas industry

By Analisa Romano | The Greeley Tribune, Colorado Much to the chagrin of Weld Air and Water, a group that has opposed some drilling within city limits, the Greeley City Council on Tuesday unanimously passed a resolution opposing a stack of statewide initiatives that seek to further regulate the oil and gas industry. The 19 proposed ballot questions, most of ...

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Oil rises on industry data showing stockpile fall

Associated Press The price of oil rose Wednesday after industry data showed a decline in U.S. supplies. Benchmark U.S. crude for June delivery was up 59 cents at $100.09 a barrel at 0605 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 2 cents to close Tuesday at $99.50. Brent crude, a benchmark for international varieties ...

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Mexico cites major interest in oil reform, including from China

PARIS (Reuters) – The Mexican government’s opening of its oil and gas industry is attracting major interest from investors worldwide, including companies from China and Singapore, Economy Minister Ildefonso Guajardo said on Monday. After passing a reform in December to end a 75-year oil and gas monopoly held by state oil producer Pemex, President Enrique Pena Nieto last week sent ...

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Pipeline backers, opponents jockey ahead of vote

keystone

By Matthew Daly WASHINGTON (AP) — Supporters and opponents of the long-delayed Keystone XL oil pipeline jockeyed for position ahead of an expected Senate vote on legislation authorizing immediate construction of the project. An oil industry group that supports the pipeline launched a five-state ad campaign aimed at wavering senators, while an environmental group mobilized activists to urge lawmakers to ...

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Deaths increase in West Virginia oil, gas industry

medevac

By Ken Ward Jr., The Charleston Gazette, W.Va. As West Virginia’s natural gas industry booms, more workers are paying the price as deaths on the job are increasing, according to new federal government data. Thirteen workers in the state’s oil and gas industry died during the five-year period between 2008 and 2012, according to the data from the U.S. Department of ...

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Mexico lays out energy reform rules

angel

MEXICO CITY (AP) — The Mexican government is proposing bidding-based rules for the opening of its state-owned oil and energy industry, saying contracts and production licenses will be put out for public bid and will go to the company that offers the best return. Energy Secretary Pedro Joaquin Coldwell said Wednesday that private companies will not be allowed to immediately ...

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Major oil & gas firm to list drilling chemicals

chemical tubes

PITTSBURGH (AP) — A major supplier to the oil and gas industry says it will begin disclosing 100 percent of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets. The move by Baker Hughes of Houston is a major shift; it’s unclear if other firms will follow suit. Environmental and health groups have criticized the industry ...

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Rail safety effort marred by squabbling

Oil being loaded on train

By Joan Lowy, Associated Press WASHINGTON (A.P.) — A series of fiery train crashes spurred a push by government and industry to make safer tank cars used to ship crude oil and ethanol. But the effort is bogging down in squabbling and finger-pointing. A spokesman for the American Petroleum Institute says the railroad industry won’t share data behind their recommendations ...

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