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Oil and Gas Oil and Gas Storage

  • Oct 24- Southern California Gas completed safety tests on more wells at its Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak, according to a report from the utility made public on Monday. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days notice before...

  • Chinese laborers repair an oil pumping unit at Huabei oil field.

    The government has reported surprisingly large drops in U.S. crude inventories, but they may not last.

  • Oct 19- Southern California Gas said on Wednesday it completed safety review tests at most wells at its Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak not plugged until February. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days notice before a...

  • Oct 19- Southern California Gas said on Wednesday it completed safety review tests at most of its wells at the Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak that was not plugged until February. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days...

  • Oct 19- Southern California Gas said on Wednesday it completed safety review tests at all wells at the Aliso Canyon natural gas storage facility in Los Angeles, which shut in October 2015 following a massive methane leak that was not plugged until February. Aliso Canyon is the biggest of its four storage fields. Since DOGGR must give the public 15 days notice...

  • Oct 18- The U.S. government will impose new federal rules to reduce the risk of leaks at natural gas storage facilities in the wake of last year's massive methane release at California's Aliso Canyon, a task force said on Tuesday. Operators should phase out "single point of failure" designs, which hindered the ability to swiftly control and repair the leak at Aliso...

  • Oct 18- A U.S. interagency task force on Tuesday issued recommendations aimed at reducing the risk of incidents involving natural gas facilities in the wake of a major leak from the Aliso Canyon storage facility in California last year. The task force was co-chaired by Franklin Orr, Under Secretary for Science and Energy at the U.S. Department of Energy; and...

  • RIO DE JANEIRO, Oct 17- Brazil's state-controlled oil company Petroleo Brasileiro SA said on Monday it had agreed to sell its mothballed Okinawa refinery and related assets to Japan's Taiyo Oil Co. for $129.3 million, according to a securities filing. Known as Nansei Seikyu, the Okinawa refinery company supplies about half the fuel needs for the Japanese...

  • RIO DE JANEIRO, Oct 17- Brazil's state-controlled oil company Petroleo Brasileiro SA said on Monday it had agreed to sell its mothballed Okinawa refinery and related assets to Japan's Taiyo Oil Co. for $129.3 million, according to a securities filing.

  • SEOUL, Oct 17- Korea National Oil Corp on Monday said the government had told it to indefinitely halt construction of an underground storage tank following an accident late last week that killed two workers and injured others. The death toll rose to two over the weekend, with another four injured, according to KNOC spokesman Ju Hyoung- In. The state-run energy...

  • LONDON, Oct 14- Trade firms that profited from the renaissance in global refining over the past two years are bracing for tougher times as ample stocks, dwindling volatility and newly powerful refineries in China squeeze opportunities, the chiefs of major trade houses told the Reuters Commodities Summit. The oil price crash was a windfall for traders, who...

  • *China daily crude imports hit record above 8 mln bpd in Sept. BEIJING/ SINGAPORE, Oct 13- China imported record volumes of crude oil last month, eclipsing the United States as the world's top buyer of foreign oil as Beijing's state reserves shipped in cheap crude to fill new storage tanks. It marked the second time this year- but the third month in the past twelve- that...

  • Oct 12- Pacific Gas& Electric said on Wednesday it returned the McDonald Island natural gas storage facility in San Joaquin County, California, to service on Aug. 5 after shutting the field in June due to small methane leaks at some wells. PG&E, a unit of California energy company PG&E Corp, discovered the small leaks during an inspection the state required after the...

  • Oct 12- Pacific Gas& Electric said on Wednesday it returned the McDonald Island natural gas storage facility in San Joaquin County, California, to service on Oct. 5 after shutting the field in June due to small methane leaks at some wells. PG&E, a unit of California energy company PG&E Corp, discovered the small leaks during an inspection the state required after the...

  • Oct 10- Southern California Gas Co is waiting for final safety test results from fewer than 10 wells at its Aliso Canyon natural gas storage facility in Los Angeles before state agencies can allow the company to inject fuel into the field, according to a report posted Monday. SoCalGas shut Aliso Canyon in October 2015 due to a massive methane leak that was not...

  • Oct 5- California state regulators have reduced the required amount of natural gas that must be available for withdrawal from the Aliso Canyon storage facility, which Southern California Gas said could hasten the return to service of the field that was shut after a massive methane leak in 2015.. With the weather moderating, the California Public Utilities...

  • Traffic drives along US 98 as Hurricane Hermine approaches on September 1, 2016 in Eastpoint, Florida.

    East Coast refiners are built to withstand Cat-3 storms, but operations could still be affected, oil expert John Kilduff says.

  • A Shell Oil facility in Carson, California

    ClipperData's Matt Smith, who forecast oil prices would fall to $40 a barrel in June, now sees crude falling further.

  • China Refineries

    Platts' Senior Analyst Yen Ling Song shares her outlook for China's teapot refineries.

  • Workers secure drilling pipe sections on an oil drilling tower

    Huge stockpiles of fuel and teeming strategic Chinese crude inventories could send oil prices on one last, ugly slide lower, analysts tell CNBC.