US Gulf Coast Diesel Exports Down Sharply
Diesel fuel exports from the U.S. Gulf Coast declined sharply since December as increasing output from refiners in South American markets and brimming stocks in Europe squeezed key outlets, Thomson Reuters data show.
C&J Energy Services CEO Josh Comstock has Died
C&J Energy Services CEO Joshua E. Comstock has died, according to officials in Harris County, Texas and a source familiar with the matter. He was 46. The cause of death has not been determined, Harris County's forensics office said.
Colonial, Shippers to Face off over Pipeline Congestion
Executives from Colonial Pipeline, which runs the main fuel artery for the U.S. Atlantic Coast, will be questioned by customers and regulators on Wednesday after worsening congestion spawned secondary markets for space on the system…
Refiners: Cheap Gasoline Demand Will Grow
The largest U.S. independent refiners are bullish on domestic gasoline demand as super-cheap fuel and the lure of bigger vehicles entice more consumers. Valero Energy Corp and Phillips 66 both say they are in "max gasoline mode…
California Gas Well Leak Fix Draws Closer
A calamitous natural gas leak near Los Angeles is inching closer to finally being plugged after months of trial and error with different techniques aimed at sealing a foul-smelling hole that has forced thousands of residents from their homes.
Kinder Morgan Discloses Writedowns, Warns of More with Falling Energy Prices
Kinder Morgan Inc recorded a $1.15 billion non-cash goodwill writedown on midstream natural gas assets and a $285 million writedown primarily in carbon dioxide segment, Chief Financial Officer Kimberly Allen Dang told analysts on Wednesday.
Regulators tell Plains to Purge Shut California Oil Pipeline
U.S. pipeline regulators have ordered Plains All American Pipeline LP to purge a California pipeline system of crude to prevent corrosion after a separate pipeline ruptured and fouled Santa Barbara County shores last May. The U.S.
Keystone Snub Adds to Gloomy Prospects for Pipeline Companies
North American pipeline companies are at a crossroads. Once the darlings of investors, their growth prospects have been undercut by a 50 percent slide in oil prices and tough environmental reviews that have delayed projects.
Peaker Energy Building Texas Condensate-export Terminal
The first company to get U.S. government approval to ship minimally processed super-light oil to international markets is building its own export terminal on the Texas Gulf Coast aimed at topping off massive tankers to keep them full.
Tesoro: Better Yields Bolster Value of Railed-in Bakken Crude
Tesoro Corp sees continued value in railing North Dakota Bakken crude to its Washington state refinery despite higher costs because of improved yields, Chief Executive Greg Goff told analysts on Thursday. "We still see…
Colonial Pipeline Revising Tariff After Shipper Complaints
Colonial Pipeline has crafted a revised tariff intended to soothe shipper concerns about access to the critical gasoline and diesel artery that links the U.S. Gulf Coast to the Northeast. Last March Colonial withdrew…
Restart of Exxon's California Refinery Pushed to February
The restart of Exxon Mobil Corp's California refinery has been pushed to February next year, West Coast refined product market sources said on Tuesday. The 149,500 barrels-per-day (bpd) refinery in Torrance has been shut since a Feb.
Marathon May Step Away from Refineries to Add Alkylate Capacity
The biggest refiner in the U.S. Midwest is eyeing an unusual place to make more of a key ingredient for premium gasoline: the natural gas fields of eastern Ohio instead of an urban refinery. Marathon Petroleum Corp is after alkylate…
Plains: Calif. Oil Spill Could be Larger than Estimated
Plains All American Pipeline LP's ruptured California oil pipeline may have spilled 41 percent more crude than currently estimated, the company said on Wednesday. In a presentation accompanying Plains' quarterly earnings call with analysts…
Exxon Pipeline Reversal Sends Texas Crude to Louisiana
Exxon Mobil Corp has reversed part of an oil pipeline from northeastern Texas to northern Louisiana in the first step of a bigger plan to link Permian Basin output to Louisiana refineries. Exxon last month reversed a…
Kinder Morgan Mulls LPG, Product & Crude Exports
Kinder Morgan Inc is considering more export opportunities from Texas and the U.S. Northeast, including liquid petroleum gas, refined products and potentially crude, a top executive told analysts on Wednesday. "The market is very ripe in Houston right now…
BP Reaches $18.7b Settlement Over 2010 Spill
BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.
Tropical Storm Bill Pelts Texas Coast
Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. The second named tropical…
Chevron: No Production Impact from US Gulf Storm
Chevron Corp has evacuated some workers not essential to oil production from its Gulf of Mexico operations as a low-pressure storm system moves through the basin, but output has not been affected, the company said on Monday.
Motiva to Trade Refined Products Apart from Co-owner Shell
Motiva Enterprises said on Thursday it aims to trade its own gasoline, diesel and the components needed to make them in a new organization separate from its co-owner, Royal Dutch Shell. Motiva, a 50/50 joint venture of Shell and Saudi Aramco…
