Gas Everywhere but No Way to Ship It
Accidents happen, but these were expensive ones by any measure. Energy Transfer Partners had hoped to have the first phase of its massive Rover pipeline up and running by now, Continue Reading
GM Eases Summer Production of Chevrolet Bolt
Workers assembling General Motors Co.’s Tesla fighter are taking a month off this summer amid lukewarm demand, a sign American car buyers are showing little interest in vehicles that rely Continue Reading
California gas storage site that leaked in 2015 cleared to reopen
A natural gas operation near Los Angeles that leaked methane for several months in 2015 is safe to reopen at a reduced capacity, California regulators said. “Following months of rigorous Continue Reading
U.S. House moves on measure to ensure energy dominance
The Republican-led U.S. House of Representatives said two bills passed through their chambers that would ensure the country remains “an energy powerhouse.” House bills passed that would avoid a presidential Continue Reading
Alaska, Maine senators back Arctic drilling in $1.8B federal proposal
Two U.S. senators are promoting a federal budget proposal to drill for oil and natural gas in the Arctic National Wildlife Refuge — at a time when many countries are Continue Reading
NC governor on Trump drilling plan: ‘Not off our coast’
Under pressure from President Donald Trump, North Carolina’s governor announced his opposition on Thursday to drilling for natural gas and oil off the Atlantic coast, saying it poses too much Continue Reading
U.S. gasoline surplus eliminated by trade flows: Kemp
The U.S. gasoline surplus has disappeared thanks to a sharp drop in prices which has caused imports from Europe to slow and exports to Latin America and other markets to Continue Reading
U.S. fines Exxon Mobil over Ukraine-related sanctions violations
The U.S. Treasury Department on Thursday announced a civil penalty against Exxon Mobil Corp (XOM.N) and its U.S. subsidiaries for violating sanctions regulations related to Ukraine in May 2014, fining Continue Reading
Exxon sues to stop $2m fine over Russia sanctions breach
ExxonMobil has sued the US Treasury in an attempt to stop a fine for allegations it behaved with “reckless disregard” for violating Russian sanctions while Rex Tillerson, now US secretary Continue Reading
The strange legal battle that is pitting Trump’s secretaries of the Treasury and State against each other
Russian President Vladimir Putin and then-ExxonMobil chief executive Rex Tillerson, right, attend a signing ceremony of an agreement between state-controlled Russian oil company Rosneft and Exxon Mobil corporation in 2012. Continue Reading