Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday. More »
The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn’t resolve a deeper dispute over what price Kiev should pay for past and future deliveries. More »
The Houston-based motor fuels distributor has agreed to purchase Honolulu-based Aloha Petroleum, one of the largest convenience store operators in Hawaii with a large wholesale fuel distribution network and six fuel storage terminals. The deal is expected to close before the end of the year. More »
The oil industry’s lead trade group released new standards on Thursday for testing and classifying crude shipped by rail after prior shipments were misclassified, including a train that derailed in Canada and killed 47 people. More »
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