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EPA won’t finalize RFS’s 2014 biofuel quotas before yearend

Nov 21, 2014

The US Environmental Protection Agency announced it will not finalize 2014 biofuel quotas under the federal Renewable Fuel Standard (RFS) before yearend. The American Petroleum Institute and American Fuel & Petrochemical Manufacturers each said EPA’s Nov. 21 announcement demonstrates again that it’s time for Congress to repeal or dramatically reform the RFS.

MARKET WATCH: NYMEX crude up on recovering Chinese oil demand

Nov 21, 2014

Oil prices bounced back up $1/bbl on the New York market Nov. 20 on indications that Chinese oil demand might be recovering.

Worker killed in platform explosion offshore Louisiana

Nov 21, 2014

An explosion that occurred on Nov. 20 at the Fieldwood Energy LLC-operated West Delta 105 E offshore platform, also known as Echo, in the Gulf of Mexico, 12 miles offshore New Orleans, killed one contracted employee and seriously injuring another, according to reports from the company and US Bureau of Safety and Environmental Enforcement (BSEE).

Total joins global climate initiatives

Nov 20, 2014

Total SA, in what it describes as a consolidation of its efforts to address climate change, will support initiatives of the United Nations Global Compact, the World Bank, and the Climate and Clean Air Coalition (CCAC).

IHS: ‘Tight-oil test’ under way in US amid lower oil prices

Nov 20, 2014

The vast majority of potential US tight-oil production growth remains economical in the current crude oil price environment, according to a recent report by IHS. About 80% of potential gross US tight-oil capacity additions in 2015 would remain resilient at West Texas Intermediate prices dropped to $70/bbl, the report said.

Apache to sell Louisiana, Anadarko assets for $1.4 billion

Nov 20, 2014

Houston independent Apache Corp. has agreed to sell noncore southern Louisiana and certain Anadarko basin assets in two separate deals for a combined $1.4 billion. Both transactions, effective Oct. 1, are expected to close during the fourth quarter.

AFPM: Oregon’s proposed low-carbon fuel standard unconstitutional

Nov 20, 2014

Oregon’s proposed low-carbon fuel standards (LCFS) program is unconstitutional, the American Fuel & Petrochemical Manufacturers said in comments submitted in response to the state’s Department of Environmental Quality’s (DEQ) Clean Fuels Program Phase 2 rulemaking and proposed rule changes.

MARKET WATCH: Crude oil futures prices rangebound

Nov 20, 2014

US light, sweet crude oil prices remained below $75/bbl Nov. 19 on the New York market, while analysts and traders focused on the upcoming meeting of the Organization of Petroleum Exporting Countries and the Iran nuclear talks.


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Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS

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