Beaumont – Fuelfix

Magnum Hunter shares could be de-listed, NYSE says

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A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Magnum Hunter shares could be de-listed, NYSE says

on
A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Commentary: Don’t Buy the Environmental Hype Against Crude Oil Exports

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Allies of our nation’s environmentalist movement are not about to let facts get in the way of swaying public opinion in their efforts to garner support for its overreaching agenda.  Case in point: a recent column by the Center for American Progress (CAP) attacking efforts to lift the ban on U.S. crude oil exports. The […]
Categories: crude oil, Featured, General, p2

Emera plans to buy Teco Energy for $6.48 billion

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Emera, based in Halifax, Nova Scotia, has investments through the Northeastern U.S. and Canada as well as the Caribbean.
Categories: Electricity
LNG projects still moving toward oversupply, Wood Mackenzie says

LNG projects still moving toward oversupply, Wood Mackenzie says

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The capacity currently being built is enough to meet the world’s LNG needs until about 2022 and will likely lead to a short-term glut when it comes online.

Canadian court rules villagers in Ecuador can pursue class action lawsuit against Chevron

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The Supreme Court of Canada said in a unanimous decision that the company can be pursued in the country for its alleged actions in Ecuador, in a case that’s spanned more than two decades.
Gasoline prices are at their lowest in 11 years for the week leading into Labor Day

Gasoline prices are at their lowest in 11 years for the week leading into Labor Day

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The report from the U.S. Energy Information Administration noted that the last time prices were these low was 2004. The price of a regular gallon of gasoline is down 95 cents from the same time in 2014.
U.S. producers idle 13 oil rigs

U.S. producers idle 13 oil rigs

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The fall in the weekly rig count ended a six-week streak of gains and comes after oil prices began crashing again in recent weeks, pulled down by fears of an economic slowdown in China, the world’s second-largest crude buyer.

Key Energy could lose its NYSE listing

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Key Energy Services risks losing its listing on the New York Stock Exchange if it’s unable to boost its stock price, the company disclosed Friday.
Commentary: China & commodities send Brazilian economy tumbling

Commentary: China & commodities send Brazilian economy tumbling

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According to a recent Gallup survey, the most positive people in the world are in Latin America. But given recent events in global financial markets, I suspect this upbeat attitude is being severely tested. While Venezuela teeters on the precipice of social unrest amid a persistent shortage of basic goods, the Brazilian economy is giving it […]
Taiwanese company proposes $9.4 billion chemical project in Louisiana

Taiwanese company proposes $9.4 billion chemical project in Louisiana

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Formosa Chairman Bao-Lang Chen and Louisiana Gov. Bobby Jindal jointly announced the feasibility study for the project that would produce ethylene.

Oil jobs keep falling

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Since oil prices started falling in June 2014, some 14 percent of the country’s mining support jobs have been lost — about 62,700 in all.
Changing US oil dynamics and cheaper gasoline

Changing US oil dynamics and cheaper gasoline

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‘Clack! cla-cla clack-clack clack-clack CLACK!!’ (today’s fanfare for Nonfarm Friday was played on football helmets to celebrate the start of college football season). It is the first Friday in September, which means we see official US employment data, aka nonfarm payrolls. Today’s report has showed 173,000 jobs were created in August, which was less than […]
More than 120,000 gallons of oil may have spilled into Mississippi River

More than 120,000 gallons of oil may have spilled into Mississippi River

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COLUMBUS, Ky. (AP) — Clean up crews planned to go into the Mississippi River on Friday in Kentucky after a collision between two tow boats caused an oil spill that prompted the closure of that part of the river. The collision Wednesday evening near Columbus, Kentucky, damaged at least one barge carrying clarified slurry oil. […]
Harvard seen forgoing $108 million a year divesting fossil fuels

Harvard seen forgoing $108 million a year divesting fossil fuels

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While dozens of schools have committed to stop buying fossil fuel company stocks, most wealthier institutions such as Harvard declined, saying it goes against their fiduciary duty to rule out such investments.

Part of Mississippi River closes after oil spill

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The Coast Guard said it was working with the barge owner, Inland Marine Services, to determine the exact amount of oil that poured into the water.

Settlement over decade-old Gulf oil leak filed in court

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The Waterkeeper Alliance says Taylor Energy will release more information about its efforts to stop oil from leaking at the site where an offshore platform toppled during Hurricane Ivan in 2004.

Big cities scramble to be prepared for an oil train disaster

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The production boom has made oil trains a daily fact of life in places like Philadelphia, where they roll past major hospitals, including one for children.