Storm Harvey’s Impact On Oil Markets (Friday, 1 September 2017)

While Corpus Christi, Texas, refineries prepare to restart as the storm shifts, several plants in the Port Arthur and Beaumont areas are under threat, pushing gasoline futures to the highest in two years.

Motiva Enterprises LLC’s Port Arthur refinery, the largest in the U.S. with the ability to process about 605,000 bpd, began a controlled shutdown Wednesday and Exxon ...

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TechnipFMC Awarded EPCI Contract for the Husky Energy West White Rose Project in Canada (Thursday, 31 August 2017)

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada.

The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and control umbilicals, which will connect the recently announced West White Rose Platform to the existing SeaRose FPSO vessel.

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Hallvard ...

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Birchcliff Energy Ltd. Provides Dividend Rate Notice for Series A and B Preferred Shares

CALGARY, ALBERTA–(Marketwired – Aug. 31, 2017) – Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) announces that it has notified the registered holder of its Cumulative Redeemable Preferred Shares, Series A (the “Series A Shares“) of the applicable dividend rates for its Series A Shares and its Cumulative Redeemable Preferred Shares, Series B (the “Series B Shares“). The [Read More…]

Source: BOE Report

Looming Gas Shortage: “Imports Can’t Make Up For This”

The East Coast will start feeling the effects of Hurricane Harvey as the gasoline supplied from the Gulf Coast starts to dry up. One of the most important pipelines that ships refined products to the Eastern Seaboard shut down on Thursday, which means that the U.S. Southeast, Mid-Atlantic, and Northeast could see supply disruptions and price increases. The Colonial ...