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Reuters

U.S. refiners are bidding up prices for scarce types of crude oil needed for their most sophisticated plants as the United States reconsiders harsher sanctions on Venezuela that could further reduce imports of the country’s oil. Read more

Refining & Petrochemical Processing

Tellurian Inc's proposed Driftwood LNG project in Louisiana took a major step forward as the U.S. federal energy regulator issued a final environmental report clearing the way for the company to seek a permit to build the export terminal. Read more

Downstream

Former U.S. Commerce Secretary and energy executive Don Evans will chair a partnership of top energy companies that have pledged $100 million toward easing the civic strain of the shale oil and gas boom in West Texas and New Mexico. Read more

Health, Safety & Environmental

Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs. Read more

Renewable & Biofuel

Saudi Arabia expects domestic energy consumption to fall by 1.5 million to 2 million barrels of oil equivalent per day by 2030 as a result of moves a year ago to hike gasoline and electricity prices, the energy minister said. Read more

Renewable & Biofuel

Oil prices rose about 2 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses due to grim data in the world’s second-largest economy Read more

Commodities

The U.S. Environmental Protection Agency said it would complete a rule to boost sales of higher-ethanol blends of gasoline by the summer driving season, despite a partial government shutdown. Read more

Regulations

Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state’s first deepwater port. Read more

Offshore & Marine

Mexican President Andres Manuel Lopez Obrador said an army-assisted crackdown on fuel theft was “not in vain” despite shortages that spread to the capital after the government closed pipelines and refineries to choke the black market. Read more

Regulations

The partial government shutdown is increasing the chances of delays in U.S. energy initiatives from the release of President Donald Trump’s proposed offshore drilling plan to allowing higher levels of ethanol in gasoline during summer months. Read more

Regulations

Lyondell

LyondellBasell

The refinery was informed about the accident at about 3 p.m. local time (2100 GMT) on Saturday, said Lyondell spokeswoman Chevalier Gray. Read more

Health, Safety & Environmental

Oil rose to above $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s services sector expanded in December, while signs of lower crude supply also lent support. Read more

Commodities

Oil prices edged lower in choppy trade on Thursday, pressured by concerns about slowing global economic growth that could dent demand for crude but drawing support from signs of output cuts by Saudi Arabia. Read more

Commodities

The Canadian government said it would spend C$1.6 billion ($1.19 billion), mostly through loans. Read more

Drilling & Exploration

Royal Dutch Shell Plc. brought the hydrocracker at its at its 209,787-barrel-per-day (bpd) Convent, Louisiana, refinery back into production after fixing a malfunction. Read more

Maintenance & Reliability

U.S. oil major ExxonMobil has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, effectively signaling that the project has been shelved. Read more

Natural Gas/LNG

Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets. Read more

Commodities

U.S. and Norwegian oil majors Chevron and Equinor have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement. Read more

Health, Safety & Environmental

Britain’s BP has launched the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP. Read more

M&A/Investment

Green Plains Inc plans to idle 55 million gallon a year Otter Tail ethanol plant in Fergus Falls, Minnesota, amid weak margins. Read more

Plant Management & Operations

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

Industry Segments

  • 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.

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