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Reuters

Double Eagle Energy Permian LLC is now worth nearly $3 billion. Read more

Industry Segments

A U.S. appeals court has ruled that the Environmental Protection Agency must reconsider three of the biofuel waivers it recently granted to small oil refineries, arguing the agency’s justification for approving the exemptions was flawed. Read more

Renewable & Biofuel

Crude prices dropped 2% to three-month lows as the death toll from China’s coronavirus grew, clamping down on travel and fueling expectations of slowing oil demand. Read more

Commodities

Refinery

Trong Nguyen

The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in Dubai for helping Iran's state-owned National Iranian Oil Company (NIOC) export millions of dollars of goods in violation of U.S. sanctions Read more

Regulations

Oil price falling concept

alexlmx

Global benchmark Brent was down $1.13 to $60.91. Read more

Commodities

The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers. Read more

M&A/Investment

The Suezmax vessel Yannis P, loaded with about 1 million barrels of Liza light sweet crude was bound for Galveston, Texas. Read more

Refining & Petrochemical Processing

With PES’s closure, more than 1,000 workers were laid off, including 640 local United Steelworkers members. Read more

M&A/Investment

Locked-out workers at the Co-op Refinery in Regina, Saskatchewan blockaded the facility on Monday, halting the movement of workers and trucks. Read more

Refining & Petrochemical Processing

New maritime rules known as IMO 2020 mandate that the shipping industry has to burn cleaner, low sulfur fuels in tankers. Read more

Refining & Petrochemical Processing

Philadelphia Energy Solutions

REUTERS

The refinery’s owner, Philadelphia Energy Solutions, is scheduled to reveal the winning bidder on Wednesday during a hearing at the United States Bankruptcy Court for the District of Delaware. Read more

Plant Management & Operations

An indigenous group that opposes construction of the Coastal GasLink pipeline in British Columbia will refuse workers access to their land, but in peaceful fashion, according to one of its chiefs. Read more

Pipeline/Transportation

The Supreme Court of Canada on Thursday quickly dismissed an attempt by the western province of British Columbia to regulate what can be transported in a major crude oil pipeline crossing its territory. Read more

Pipeline/Transportation

The company reported a slightly better-than-expected fourth quarter profit amid stronger international sales for its services and equipment, offsetting weakness in North America. Read more

Plant Management & Operations

Oil rose as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets. Read more

Commodities

Oil prices slipped on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Read more

Commodities

Major new U.S. projects like highways and pipelines will no longer require federal reviews of their environmental climate impact under new rules that the Trump administration will propose on Wednesday. Read more

Regulations

Oil and gas major Shell has publicly committed to selling more than $5 billion of assets per year in 2019 and 2020. The Netherlands-based company is trying to use its global scale to build a power business as the world moves toward cleaner energy. Read more

M&A/Investment

A fire ripped through the small-scale Ukhta oil refinery, controlled by Russian oil major Lukoil, the emergency ministry. Read more

Emergency Response

Oil prices fell almost 1%, surrendering some recent gains as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander last week. Read more

Commodities

Coastal GasLink, to be operated by TC Energy Corp, will move gas from northeast British Columbia to the Pacific Coast. Read more

Pipeline/Transportation

  • Irving Oil

    REUTERS/Michael Hawkins

    Irving Oil

    Flames are visible at the scene of a major explosion and fire at the Irving oil refinery in Saint John, New Brunswick October 8, 2018.