Company and Industry News
Rollercoaster week for oil prices ends with a surprise
Oil prices started the week off higher but faltered as a result of continuing concerns over a glut in the near-term and the first refined product storage gains in several weeks but despite a draw in crude...
Full StoryUS begins process to reopen leasing in Alaska’s National Petroleum Reserve
Instead of the 13.3 million acres available for leasing after a 2024 Biden administration ban, the Trump administration will allow companies to offer from 18.58-million acres, or over 80% of the reserve’s acreage....
Full StoryPhillips 66, Kinder Morgan propose refined products pipeline to US West Coast
The Western Gateway Pipeline would connect Midwest refinery supply to Phoenix...
Full StoryUS Oil and Gas Rig Counts Rises to Highest Since June, Says Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a fourth week...
Full StorySempra advances Port Arthur LNG Phase 2 with FID, $14 billion investment
Phase 2 includes two natural gas liquefaction trains, one LNG storage tank,...
Full StoryS&P Global: Canadian oil sands production expected to reach all-time highs this year
The projection anticipates production will rise to over 3.9 million b/d by...
Full StoryWhat is the Strait of Hormuz and Why is it so Important for Oil?
The strait lies between Oman and Iran and links the Gulf north of it with the...
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