Category: Crude oil

Valero earnings up on increased volumes

The crude oil that Valero made into fuels averaged 2.7 million barrels a day, an increase of 115,000 barrels a day compared with the second quarter of 2013.  More »

Marshals won’t seize tanker’s oil unless it’s brought closer to shore

U.S. marshals won’t seize oil at the center of an ownership dispute unless smaller vessels transfer the oil from a tanker in the Gulf of Mexico and carry it closer to U.S. shores.  More »

Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.  More »

Judge orders Kurdish crude seized if unloaded

A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude.  More »

Iraq warns against unloading tanker of Kurdish crude anchored off Galveston

The U.S. Coast Guard on Sunday cleared an oil tanker carrying Kurdish crude to offload its cargo, potentially paving the way for an import that could complicate U.S. relations with Iraq which has threatened to sue any buyers.  More »

CP Exploration II gets $150 million credit line

Local private equity firm Post Oak Energy Capital committed a $150 million line of equity to CP Exploration II, a privately-held exploration and production company based in Dallas and Lafayette, La., the companies announced Monday morning.  More »

Pemex predicts lowest production in more than two decades

The forecast was lowered to 2.41 million barrels of oil a day from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production.  More »

Texas refiner sues Utah county over pipeline rules

Tesoro Corp. wants to build a 135-mile pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries.  More »

U.S. oil trades around $102 a barrel

Oil prices are under pressure from a downgraded growth forecast from the International Monetary Fund.  More »

Texas’ oil and gas industry expands to near-record levels

The Texas oil and gas industry is approaching records set in the 1970s, according to the latest Texas Petro Index.  More »

Oil gains on sharp drop in U.S. supplies

Oil for September delivery gained 73 cents to $103.12 a barrel.  More »

Geopolitical tensions seen keeping oil prices high

U.S. benchmark crude fell 17 cents to $104.42 a barrel.  More »

Oil prices rise above $104; natural gas sinks

Natural gas prices sank further below $4 on forecasts for cooler temperatures in parts of the U.S.  More »

Oil stays over $103 on global turmoil

The industry calls this higher price, based only on fear, a “risk premium.”  More »

More Nuggets on the US Energy Boom

I didn’t intentionally seek out these nuggets on  the US energy boom – especially so quickly after my recent involvement with Miley and Mr Bieber - but they were just conveniently there. Fast food if you like. As crude oil production hits a new 28-year high and natural gas continues to achieve higher and higher record levels of […]  More »