Earnings results from several large independent US refiners show that they are taking advantage of demand from places like Mexico and South America, where sputtering local refineries cannot meet local demand.
Source: Offshore
US Refiners Bet On Strong Exports To Balance Market
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President Donald Trump is moving aggressively to expand offshore oil drilling and to reconsider rules that safeguard the activity.
Source: Offshore
Trump to Expand Offshore Drilling, Review Post-Spill Rules
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In Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline – Enbridge Inc.’s aging Line 5, which crosses the Straits of Mackinac.
Source: Offshore
Next Battleground: An Aging Great Lakes Pipeline Stirs New Protest
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Anadarko drops the most since August after the oil and natural gas explorer said it will shut more than 3,000 Colorado wells as part of an investigation into a deadly house explosion.
Source: Offshore
Anadarko Shares Fall After Colorado Blast Prompts Well Closings
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Total gives the go-ahead to develop its first major project since 2014 after reporting a sharp rise in quarterly profit.
Source: Offshore
France's Total Approves First Project Since 2014 As Profits Surge
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OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May.
Source: Offshore
OPEC Wants Further Drop In Oil Stocks, Is Working For Consensus
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Refiner Marathon Petroleum Corp reported a surprise quarterly profit on Thursday as refining margins jumped 18 percent despite challenging market conditions.
Source: Offshore
Marathon Petroleum Posts Surprise Profit as Refining Margins Rise
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The U.S. is set to ship its first shale gas to a member of the former Soviet bloc as Europe seeks to cut its dependence on fuel from Russia.
Source: Offshore
U.S. LNG Expands to Eastern Europe as Poland Avoids Russian Gas
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Dutch oil and chemical storage company Vopak and tanker operator Exmar said on Wednesday that they had decided not to pursue the acquisition by Vopak of Exmar’s participation in Floating Storage Regasification Unit (FSRU) assets.
Source: Offshore
Vopak and Exmar Call Off FSRU Deal
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The Australian government’s move, due to take effect on July 1, drew a swift rebuke from gas producers.
Source: Offshore
Australia Plans LNG Export Limits to Help Ease Local Price Pain
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