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Oil and Gas Oil and Gas Storage

  • More than two dozen storage tanks holding crude oil, gasoline and other contaminants ruptured or otherwise failed when Harvey slammed into the Texas coast, spilling at least 145,000 gallons of fuel and spewing toxic pollutants into the air, according to an Associated Press analysis of pollution reports submitted to state and federal regulators.

  • *A portion of barrels moved to Caribbean due to Harvey now locked. HOUSTON, Sept 7- Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America which is struggling to meet demand since Hurricane Harvey disrupted shipments from the U.S. Gulf Coast last month. The Caribbean has the capacity to...

  • *Barrels moved to Caribbean due to Harvey now threatened. HOUSTON, Sept 7- Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America which is struggling to meet demand since Hurricane Harvey disrupted shipments from the U.S. Gulf Coast last month. The Caribbean has the capacity to store more...

  • *Barrels moved to Caribbean due to Harvey now threatened. HOUSTON, Sept 7- Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America which is struggling to meet demand since Hurricane Harvey disrupted shipments from the U.S. Gulf Coast last month. More than 100 million barrels of storage is...

  • *Barrels moved to Caribbean due to Harvey now threatened. HOUSTON, Sept 7- Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin American countries that have struggled to meet demand since Hurricane Harvey disrupted shipments from the U.S. Gulf Coast last month. There is over 100 million barrels of...

  • MEXICO CITY, Aug 17- A tanker carrying a cargo of about 1 million barrels of Venezuelan heavy crude has been stranded for more than a month off the coast of Louisiana for lack of a bank letter of credit to discharge, three sources have told Reuters. Major banks are cutting exposure to Venezuela as a result of political upheaval in the South American country.

  • HOUSTON, Aug 9- Permico Energia LLC has become the sixth company in recent months to propose building a natural gas liquids pipeline from the nation's largest oil field in West Texas to market hubs a few hundred miles away. The Houston- based midstream company plans to construct a 510- mile pipeline from the Permian Basin and Eagle Ford shale regions to Corpus...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...

  • SHARARA OIL FIELD, Libya, July 20- When the head of Libya's state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. Libya's National Oil Corporation raised output to more than one million barrels per day at the end of June for the first time...

  • *China pushing to liberalise its huge energy sector. BEIJING/ SINGAPORE, July 19- Beijing on Wednesday issued a draft of new regulations for China's growing oil and fuel storage industry, helping loosen the state-owned oil majors' grip on the sector as the nation pushes to reform its vast energy markets. The main change in the draft is that it removes requirements...

  • BEIJING, July 19- Beijing on Wednesday issued draft regulations for China's growing oil and fuel storage industry, as the nation pushes on with plans to reform its vast energy sector. Storage companies and wholesalers of crude oil or refined oil products must apply for a permit from the provincial government, which will be subject to approval from the commerce...

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...

  • July 18- BP Plc is considering an initial public offering of its vast U.S. Midwest and Gulf Coast pipeline assets, the company said on Tuesday, a move that would raise cash. The proposed spinoff, which would be called BP Midstream Partners, revives a plan first broached internally about five years ago before slumping crude oil prices caused the company to put the...

  • July 18- BP Plc is looking at spinning off U.S. pipeline assets in the U.S. Gulf and Midwest in an initial public offering, the company said on Tuesday. They include rival Royal Dutch Shell Plc, which raised nearly $1 billion in an IPO of its midstream assets in June, 2014, along with independent refiners like Valero Energy Corp, Tesoro Corp, and Marathon Petroleum...

  • July 18- BP Plc is considering spinning off certain U.S. pipeline assets in the U.S. Media reports in 2015 said BP America was trying to sell North American pipelines and gas storage assets. Last year, BP approached Enbridge Inc in an effort to sell some of BP's offshore Gulf of Mexico pipeline network, known as the Mardi Gras Transportation System, without success,...

  • PHILIPSBURG, St Maarten/ HOUSTON, July 18- A court in the Caribbean island of St. Maarten has ordered Venezuelan state-run oil company PDVSA to cooperate in the sale of 500,000 barrels of crude oil in its dispute with units of Russian shipping firm Sovcomflot, according to a copy of the decision seen by Reuters on Tuesday. In March, the same court ordered the roughly...

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...

  • HOUSTON, July 14- An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Oklahoma, about 20 miles from the key oil storage hub in Cushing, Oklahoma, the Oklahoma Geological Survey said. Oil companies operating the tanks and pipelines around the Cushing hub have reported no damage to their facilities. The Cushing storage hub is the delivery hub...

  • HOUSTON, July 14- An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Oklahoma, about 20 miles from the key oil storage hub in Cushing, Oklahoma, the Oklahoma Geological Survey said. There have been no initial reports of damage from the quake, Oklahoma Corporation Commission spokesman Matt Skinner said by phone, cautioning that it was still...

  • SINGAPORE, July 14- Some energy traders in Southeast Asia are cutting their use of storage tanks as short-term demand for oil products soars, hitting companies that rent out storage at a time when many of them have just expanded their capacity. A shift away from storage could potentially be bad news for tank operators running in the region like the Netherlands'...