USGS estimates 8.5B barrels of oil in Texas’ Eagle Ford group
USGS also estimates 66 trillion cubic feet of natural gas and 1.9 billion barrels of natural gas liquids in the formation more
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Total's North Sea oilfield workers hold strike ballot
Britain’s biggest labor union is balloting rig workers at three of Total’s North Sea oil platforms over a potential strike due to the company’s refusal to reduce the number of unpaid working days. more
Coal in the crossfire: Chinese traders wary of being burnt by trade war
At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose steep tariffs that may kick in before the ships reach their destinations. more
OPEC edges closer to raising oil output, Iran's agreement is key
OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable. more
Canada may supply one-third of Gulf Coast heavy oil by 2020
Supplies of Canadian oil sands heavy crude are increasingly being refined on the U.S. Gulf Coast and could top 1.2 million barrels per day -- a full one-third of the region's heavy oil refining market -- by 2020. more
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Caliche Development Partners to expand storage facility in Beaumont, TX
Caliche, a Houston-based company focused on the development, construction, and operation of subsurface hydrocarbon storage assets and related pipelines in North America, announced plans to expand its natural gas liquids salt dome cavern storage... more
Oil pipeline companies, producers seek exemptions from steel tariffs
Major U.S. energy companies including Plains All American Pipeline, Kinder Morgan and Hess are among many seeking exemptions from steel import tariffs. more
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