H.R. 1679, addressing “the safe transportation of Bakken crude oil by rail,” was introduced to the United States Senate on March 26, 2015, one day after a the S.859 bill was issued regarding oil volatility and increased railroad transportation safety. The recent attention for improving the safety of crude by rail has been pushed by a handful of Democrats, including
Sunoco LP Announces Pricing of Private Offering of Senior Notes Due 2023 HOUSTON, March 27, 2015 /PRNewswire/ — Sunoco LP (SUN) (“Sunoco”) today announced that it has priced at par a private offering of $800 million in aggregate principal amount of 6.375% Senior Notes due 2023 (the “notes”). Sunoco Finance Corp., a wholly owned direct subsidiary of Sunoco, will serve
Energy Reform is Underway Petroleos Mexicanos (Pemex) has reached a $900 million deal with BlackRock and First Reserve, its first major investment since the country ended its 76-year resource nationalization, the companies announced on March 27, 2015. BlackRock and First Reserve receive a 45% interest in a natural gas pipeline project that will deliver United States gas to central Mexico.
Tesoro Corporation Begins Restart of Martinez Refinery and Updates First Quarter Guidance SAN ANTONIO – March 27, 2015 – Tesoro Corporation (TSO) today announced that the Martinez, California refinery has begun the restart process. “We are pleased to have reached an agreement with the local union at our Martinez, California refinery and are commencing the restart process today,” said Greg
The rig count for the week ended March 27, 2015, shows rigs declining at a slower rate The total number of active rigs drilling for oil and gas in the United States fell again this week to 1,048 from 1,069, according to the most recent Baker Hughes (ticker: BHI) rig count. The decline represents a 2% fall in the number
DIVERGENT Energy Services Corp.: Release of Year End Results
Ruling Confirms That Commissioner Can Pursue Case Against Direct Energy
Russia’s major pipeline to China may be put on hold State-owned oil major Gazprom (ticker: OGZPY) may put its Power of Siberia gas pipeline project on hold, according to sources close to the company. The project may be put off until Moscow completes a separate, smaller project to send gas from existing fields to China through the Altai pipeline project
Chevron Corporation (ticker: CVX), the world’s third largest E&P by market capitalization, is selling its 50% shareholding in Caltex Australia Limited. The deal is reportedly worth about US$3.6 billion, according to the Sydney Morning Times Herald, and is the biggest block trade in Australia’s history. The deal was solely underwritten by Goldman Sachs and is expected to “be sold to
In this week’s Oil & Gas 360®’s chart of the week, we compare the number of oil and gas rigs during the 2008 economic downturn and today’s low commodity environment. The price used for WTI is the annual average of the one-month forward price. During the last down cycle, from 2007 to 2009, the number of rigs drilling for oil
Board Approves ISO Strategic Vision for Increasing Renewables
RagingWire’s Ashburn, Virginia and Sacramento, California Data Centers Earn EPA ENERGY STAR for Superior Energy Efficiency
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