More than a dozen oil companies and drilling contractors joined leading industry trade groups in pushing back against proposed federal mandates for offshore wells they say would make some impossible to drill. The proposed requirements were spurred by the Deepwater Horizon disaster.
Houston-based Plains All American Pipeline released a summary of the lab tests on Friday, as state and federal lawmakers intensified their scrutiny of the company’s ruptured Line 901 and the oil spill near Santa Barbara last month.
PBF Energy on Thursday announced plans to spend $322 million to buy a refinery and pipelines outside of New Orleans in a deal that gives the company a new footprint in the booming Gulf Coast refining corridor.
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