Gray Oak Pipeline LLC Announces Binding Open Season

Gray Oak Pipeline LLC Announces Binding Open Season

Gray Oak Pipeline, LLC, a joint venture among the pipeline system’s owners, announced Thursday a binding open season to solicit shipper interest for an expansion of the Gray Oak Pipeline of up to 120,000 barrels per day.

Bolivia Switches to Argus for Oil Pricing

Bolivia Switches to Argus for Oil Pricing

Bolivian state-owned oil company YPFB has switched to global energy and commodity price reporting agency Argus as the basis for pricing imported supplies of crude and petroleum products.

TXOGA Announces Senior Staff Promotions

TXOGA Announces Senior Staff Promotions

Texas Oil & Gas Association (TXOGA) President Todd Staples announced on April 5 the promotions of senior staff, naming Shana Joyce and Tulsi Oberbeck as Vice Presidents of Government and Regulatory Affairs. Joyce and Oberbeck have served as directors in these positions since 2018.

Expansion of Oilfield Workforce Continues

Expansion of Oilfield Workforce Continues

High Demand for Welders, Truck Drivers, and Diesel Technicians Shell PLC, a U.K.-based supermajor with its U.S. headquarters in Houston, has decided to adjust its climate targets creating the expansion of the oilfield industry. The company has eliminated its 2035 carbon intensity reduction goals and has introduced new objectives, such as reducing some of its…

Texas Regulator Supports GOP Vote to Repeal Biden’s Export Ban

Texas Regulator Supports GOP Vote to Repeal Biden’s Export Ban

In January 2024, the Biden Administration announced a pause on permits for new liquefied natural gas (LNG) export projects. In response to this pause, it was announced that the U.S. House of Representatives would be voting on H.R. 7176, the Unlocking Domestic LNG Potential Act (Rep. Pflueger, TX-11), which would repeal the Biden Administration’s ban…

ExxonMobil Sues Investors Pushing for Swift Climate Measures

ExxonMobil Sues Investors Pushing for Swift Climate Measures

ExxonMobil is currently facing numerous lawsuits from states and localities, accusing the company of deceiving the public for many years regarding its involvement in climate change and the risks associated with burning fossil fuels. However, the company has decided to take a proactive approach by filing a lawsuit against investors who are urging the company…

Texas Upstream Oil and Gas Employment Growth

Texas Upstream Oil and Gas Employment Growth

Data recently released by the Texas Workforce Commission indicates a sustained growth trend in upstream oil and gas employment in Texas. In December, the sector added 3,100 jobs, contributing to a substantial increase of 15,300 jobs throughout 2023. The Texas Oil & Gas Association (TXOGA) highlighted that since the low point in September 2020, months…

Texas Continues to See Growth in Upstream Oil and Gas Employment

Texas Continues to See Growth in Upstream Oil and Gas Employment

Data recently released by the Texas Workforce Commission indicates a sustained growth trend in upstream oil and gas employment in Texas. In December, the sector added 3,100 jobs, contributing to a substantial increase of 15,300 jobs throughout 2023. The Texas Oil & Gas Association (TXOGA) highlighted that since the low point in September 2020, months…

Sunoco’s $7.3 Billion Acquisition of NuStar Energy in San Antonio: What You Need to Know

Sunoco’s $7.3 Billion Acquisition of NuStar Energy in San Antonio: What You Need to Know

Sunoco LP, based in Dallas, is set to acquire NuStar Energy LP, an oil pipeline and terminal operator, in a substantial $7.3 billion deal. The acquisition aims to diversify Sunoco’s business and secure a crucial segment of its supply chain. By incorporating NuStar’s existing pipelines and terminals for fuel-related products, including oil and ammonia in…

Oil Prices Decline Following Fluctuations in a Limited Range

Oil Prices Decline Following Fluctuations in a Limited Range

Oil witnessed a decline in a volatile session as traders assessed the escalating military activities in the Middle East and the anticipation of increased supplies. The US and UK conducted additional airstrikes against the Houthis on Monday to thwart potential attacks on commercial vessels in the Red Sea. Despite heightened geopolitical tensions, West Texas Intermediate…