Source: Oilandgasinvestor.com Feeds
U.S. crude futures fell in early Asian trading on Sept. 1, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry with nearly a quarter of U.S. refining capacity offline. U.S. West Texas Intermediate (WTI) was down 27 cents, or 0.6%, at $46.96 barrel. The contract settled up 2.8% ...
CALGARY, ALBERTA–(Marketwired – Aug. 31, 2017) – Veresen Inc. (“Veresen”) (TSX:VSN) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding Cumulative Redeemable Rate Reset Preferred Shares, Series A (“Series A Shares”) (TSX: VSN.PR.A) on September 30, 2017 (the “Conversion Date”). As a result, [Read More…]
Source: BOE Report
Canada's National Energy Board will hold a series of public hearings beginning this year to determine the route for Kinder Morgan Inc's Trans Mountain pipeline expansion, the regulator said on Thursday. While the expansion is federally approved, the NEB could force Kinder Morgan to tweak its route or impose further conditions, the regulator's chief environment [Read More…]
Source: BOE Report
SASKATOON – Prime Minister Justin Trudeau touched on the thorny issue of carbon pricing in a fundraising speech in Saskatoon on Thursday night. Outgoing Saskatchewan Premier Brad Wall has threatened to challenge the carbon pricing plan in court, saying it would be disproportionately punitive to Saskatchewan and doesn’t take into account measures already taken to [Read More…]
Source: Headlines – BOE Report
Motor fuel prices declined as traders assessed the supply implications of refinery restarts following hurricane-induced shutdowns.
Retail US gasoline prices surged to two-year highs on Friday and global shipping routes were scrambled.
Harvey has thrust the US Gulf Coast chemical industry into uncharted territory.
About 22 percent of U.S. refining capacity and 13 percent of Gulf of Mexico oil output is offline because of Hurricane Harvey.
"It's a great opportunity to sell fuel that has sat in storage during the last few years of oversupply," said a Singapore trader.
Norwegian company Island Drilling has won the drilling contract, Centrica said.
Mexican billionaire Carlos Slim has taken a 5.4 percent stake in refiner PBF Energy, according to an SEC filing.
The US is usually a jet fuel exporter to Europe.
Dow and DuPont announced the merger in December 2015.
India has invited Total SA to invest in the country's oil and gas infrastructure, Oil Minister Dharmendra Pradhan said on Friday.
Central and South American markets require smaller LNG volumes, the Energy Department said.
The total oil rig count for the week ended Friday stayed at 759, General Electric Co's Baker Hughes energy services firm said.