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Cost Reduction, Greater Efficiency Focus of Technology in 2017
(Friday, January 13, 2017) Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone.
The Oil Market Is a Story of Bulls Versus Squirrels: Gadfly
(Friday, January 13, 2017) The turn of the year is always a bit weird when it comes to oil inventories.
U.S. Pipeline Regulator Completes Rule to Boost Safety Standards
(Friday, January 13, 2017) The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Friday it has passed a rule to boost safety requirements on the country's oil and refined products pipelines.
U.S. EPA Locks in 2025 Fuel Efficiency Rules
(Friday, January 13, 2017) U.S. EPA chief Gina McCarthy on Friday finalized a determination that the landmark fuel efficiency rules instituted by President Barack Obama should be locked in through 2025, a bid to maintain a key part of his administration's climate legacy.
Oil Falls On China Concerns, Down 3% For The Week On OPEC Doubts
(Friday, January 13, 2017) Oil prices fall and end the week 3% lower on lingering doubts over the extent of OPEC cuts.
Anger as Mexicans Fear Higher Food Prices to Follow Gasoline Hike
(Friday, January 13, 2017) Mexicans who already feel the pinch from a gasoline price hike share economists fears it will now drive up the cost of food and other basics, adding to the unpopularity of the government ahead of elections this year and next.
BLOG: Houston Profitable Area for STEM Grads
(Thursday, January 12, 2017) A recent analysis by WalletHub finds that the Houston metropolitan area ranks first in the annual media salary for STEM workers.
Ports Chase Natural Gas Boost as Marine Emissions Rules Tighten
(Thursday, January 12, 2017) The tightening of emissions limits for deep-water ships has some of North America's busiest ports chasing a new opportunity.
Kinder Morgan Clears Pipeline Hurdle With Billion-Dollar Pledge
(Thursday, January 12, 2017) Kinder Morgan won environmental approval from British Columbia for the Trans Mountain expansion after it promised to share part of the spoils with the province.
Marathon Petroleum Names Retired Shell Exec HR and Labor Relations VP
(Thursday, January 12, 2017) Marathon Petroleum Corp. Thursday announced the appointment of Dave Sauber to the position of vice president of Human Resources and Labor Relations, effective Feb. 1.
Oil Rises On Supply Cuts, Record China Demand Forecast
(Thursday, January 12, 2017) Oil prices rose more than 1% on news that key crude exporters were cutting production to reduce a global crude glut.
Accident Kills Worker at Pemex Refinery, Output Not Affected
(Thursday, January 12, 2017) An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company spokesperson said.
U.S. East Coast Refiners Binge on Algerian Crude
(Thursday, January 12, 2017) U.S. East Coast refiners are in the midst of their biggest buying spree of Algerian crude in years as they take advantage of cheap oil spilling out of the region, traders said on Thursday.
USDA Analysis Says Ethanol's Environmental Benefits Better Than Forecast
(Thursday, January 12, 2017) The U.S. government on Thursday said that ethanol made from corn is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned.
Mexico's Pemex Says New Procurement Rules Aimed at Combating Graft
(Thursday, January 12, 2017) Pemex said on Wednesday that updated procurement policies, such as renegotiating service contracts and fewer no-bid purchases, have led to more than 24 billion pesos ($1.10 billion) in savings for the cash-strapped firm.
Republicans Pass Sweeping Bill to Reform 'Abusive' U.S. Regulation
(Thursday, January 12, 2017) In a 238-183 vote, the House passed the "Regulatory Accountability Act," which combined eight bills aimed at changing how the vast government bureaucracy runs. Only five Democrats voted for it.
BLOG: Study Shows US Residents Leaving the South for New Jobs
(Wednesday, January 11, 2017) An United Van Lines study shows that the south had a large exodus of residents in 2016.
Mexican Drivers Flood to California for 'Gasolinazo' Relief
(Wednesday, January 11, 2017) Pump prices in California actually look cheap for some.
Oil Gains - Pares Earlier Losses off Newfound Optimism
(Wednesday, January 11, 2017) After falling almost 6% earlier in the week, oil prices picked up steam as traders saw a buying opportunity in the market.
Enbridge May Face Tough Legal Battle to Keep 60-yr-old Piipeline Running
(Wednesday, January 11, 2017) Enbridge Inc may be set for a bruising legal battle in Wisconsin after a Native American tribe voted against renewing land use agreements on a major crude oil pipeline, legal experts said.