Earthquake Prompts Scare At U.S. Hub. A magnitude 5 earthquake in Oklahoma had some pipeline operators like Magellan Midstream Partners LP shutting down operations at the largest U.S. oil storage hub, as some are now beginning to wonder about the area’s stability.
OPEC Still Marching Forward With Plan? The group’s secretary-general said they”remain committed to the Algiers accord” but there is still plenty of skepticism to go around.
A Windfall For Advanced Refineries? A large switch to cleaner fuels among ships worldwide in 2020 could mean some big benefits for the more advanced oil refineries. What about those that don’t produce the proper fuel oil? They might be out of luck.And speaking of refineries…
Philadelphia Energy Solutions Faces Debt After Previous Crisis. The U.S. East Coast’s oldest refinery might have gotten purchased back in 2012, but now one of the region’s largest employers is facing a new set of issues.
Iran: Trump/Clinton Two Sides Of Same Coin. An aide to Iran’s ruling cleric doesn’t exactly have warm feelings for either candidate running for POTUS this year.
Woodfibre LNG Lends Help To Canadian Project. Canada’s first LNG export project will be built by Woodfibre LNG, beginning in 2017, as the country looks to make a splash on the global market.
British O&G Sends S.O.S. With exploration and development drilling falling to record lows and a lack of investor confidence, officials are hoping government representatives can help drive new investments in the North Sea.
Oil Prices Up. Crude prices rose more than one percent Monday as OPEC sticks to its guns on cutting output, but $46.20 Brent prices still remain well under what they wereduring last month’s high.
Canadian Oil Spill Program Gets Underwhelming Response. The country’s Oil Spill Response Science Program is opening up for another round of applications as the program garnered fewer than expected, likely due to the price crash, eh.
Colonial Pipeline Back Online. Colonial finally restarted operations as crew continue repairs on the pipeline, but it will take several days for fuel deliveries to return to normal.
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