U.S. Oil prices dropped under $50 a barrel as U.S. stocks closed sharply lower Monday, deepening annual losses, ahead of the final Federal Reserve policy meeting of the year and amid continued worries about the impact a trade war with China may have on the U.S. economy. At […]
Become an Oilfield1 Member, Sign up for FREE on bottom of page. Houston-based Phillips 66 plans to pour significantly more into its capital budget next year as it expands its oil pipeline network, invests in its refineries and grows its petrochemical business. Visit Oilfield1 Shop The energy company, […]
Regulators are accusing one of California’s largest public utilities of fudging safety data records shortly after the utility company was fined millions of dollars for a massive natural gas explosion in San Francisco. Visit Oilfield1 Shop A California Public Utilities Commission investigation found that the Pacific Gas & […]
Major accident involving a tanker rolled over in Bee County in South Texas. One male driver was halo flighted with injuries. Authorities close roads as crews work to clean spill. Tanker was reportedly hauling light crude. We will bring you more info soon as this is a developing […]
The Lone Star State is now an exporter of liquefied natural gas. A tanker named the Maria Express left Cheniere Energy’s Port of Corpus Christi facility with the terminal’s first cargo of LNG on Tuesday morning. The destination is not immediately known, but the voyage marks the first […]
Democrats have made it pretty clear over the years that they aren’t really into fossil fuels and Obama did everything he could to make sure that we don’t take advantage of the natural resources we have in this country. Luckily, Democrats aren’t in charge at the moment which […]
Big Oil is investing more in U.S. shale, not less, after the recent tumble in crude prices. It’s a far cry from four years ago when OPEC declared war on American shale areas, which at the time had some of the highest costs anywhere in the world and […]
Visit Oilfield1 Shop Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019, President Andres Manuel Lopez Obrador said at an event at the Dos Bocas port, in Tabasco, even as the nation´s refining system is operating at its lowest levels in […]
The Colorado man who butchered his pregnant wife and two toddler daughters told police he was “not a good man” as he confessed to coldly dumping their bodies in a “freakin’ oil tank,” according to documents released this week. Visit Oilfield1 Shop Notes from interviews released Wednesday by […]
As companies race to develop pipelines from the booming Permian Basin, two competing pipeline developers could join efforts. Marathon Petroleum executives said Tuesday they’ve initiated exploratory talks with Exxon Mobil and Plains All American Pipeline of Houston to combine efforts on a Permian-to-Gulf Coast pipeline to maximize capital […]
