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Chavez cousin to lead Citgo, PDVSA's arm in US

13 hours agoNews : The Lookout

Venezuelan President Nicolas Maduro on Wednesday named Asdrubal Chavez -- a cousin of late leader Hugo Chavez -- to lead Citgo, the state oil company's US affiliate. "He's straight off to be Citgo president, to restructure it, to get it back, to strengthen Citgo," Maduro said in a speech broadcast on VTV state television. Show More Summary

Chavez cousin to lead Citgo, PDVSA's arm in US

Venezuelan President Nicolas Maduro on Wednesday named Asdrubal Chavez -- a cousin of late leader Hugo Chavez -- to lead Citgo, the state oil company's US affiliate. "He's straight off to be Citgo president, to restructure it, to get it back, to strengthen Citgo," Maduro said in a speech broadcast on VTV state television. Show More Summary

Keystone Pipeline Leaks 5,000 Barrels Of Oil In South Dakota, TransCanada Says

"It’s not too late to protect Nebraska’s families, farms, and communities from paying the same price,” a conservation group says.

N Carolina fracking meeting uncertain with late cancellation

A member of a recently retooled panel regulating North Carolina's fracking industry says its first meeting is on even though Gov. Roy Cooper's administration canceled it. The state Oil & … Click to Continue »

Crude Oil & Exxon testing long-term breakout levels

Crude Oil has been moving higher of late, putting it at a price point that looks to be important from a long-term perspective. Below looks at Crude Oil over the past 10-years and how it is facing a key breakout test on Halloween- CLICK...Show More Summary

Arctic refuge drilling closer as Senate moves to open site

WASHINGTON (AP) — Alaska's Arctic National Wildlife Refuge is one step closer to oil and gas drilling. A budget measure approved by the Republican-controlled Senate late Thursday allows Congress to pursue legislation allowing oil and gas exploration in the remote refuge on a majority vote. Republican Sens. Show More Summary

Peru Congress passes bill to legalize medical marijuana

LIMA (Reuters) - Peru's conservative Congress passed a bill to legalize medical marijuana late on Thursday with a 68-5 vote in favor of allowing cannabis oil to be produced, imported and commercialized.

If data is the new oil, is storage the new refinery?

Just as oil propelled Standard Oil Co. Inc. to a position of dominant industrial power in the late 1800s, data is doing the same for a number of technology firms today. Half of consumer online spending in the U.S. is controlled by Amazon,...Show More Summary

Residents advised to close windows after fire erupts at Chevron oil refinery in El Segundo

A fire erupted late Tuesday at the Chevron El Segundo Refinery, blowing plumes of black smoke toward residential neighborhoods. El Segundo police advised nearby residents to close their windows as firefighters battle the blaze on the west side of the refinery, located just south of Los Angeles...

Six injured, one missing in Louisiana oil platform explosion

HOUSTON (Reuters) - One worker is missing and six are injured after an oil production platform operated by a New Orleans company exploded and caught fire in Louisiana’s Lake Pontchartrain late on Sunday, authorities said. “We’ve got a bunch of people at the hospital; we don’t yet know the extent of their injuries,” he said. Show More Summary

Explosion hits oil rig on Lake Pontchartrain

last monthNews : USAToday: News

An explosion on an oil rig operating in Louisiana’s Lake Pontchartrain ignited a large fire late Sunday, with smoke visible from the shore        

San Francisco Is Suing Major Oil Companies to Protect its Citizens from Climate Change

On a Tuesday morning in October, just before noon, the San Francisco port is bustling with life. Shoppers line up for late summer produce and specialty coffee at a farmer’s market in front of the iconic Ferry Building, and suited professionals settle on benches near the water to enjoy their lunches. It’s unlikely that many of […]

Energy Analyst: "Meaningful Upside" for Oil Prices, Market Being Driven by "Fake News"

By FS Staff – While oil markets haven’t been experiencing much love of late, there’s a strong case to be made based on the fundamentals for the energy sector. This time on Financial Sense, we spoke with Marshall Adkins, Director of Energy Research at...

Offshore oil giant Seadrill files for Chapter 11 bankruptcy protection

Offshore oil firm Seadrill filed for Chapter 11 bankruptcy protection late Tuesday, seeking to restructure its debts.        

Hurricane Harvey ‘Rapidly Intensifying’, Could Become Major Hurricane Friday as it Heads Towards Texas Coast -NHC

3 months agoVehicles / Watercraft : gCaptain

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in preparation for Hurricane Harvey, which is forecast to make landfall along the mid-Texas coast late Friday night. The National Hurricane Center reported Thursday that Harvey, now a hurricane, is rapidly intensifying as it approaches the middle Texas coast. Show More Summary

First Images, Videos Show Extensive Damage To USS John McCain

Photos and videos have emerged from the early Monday collision involving the guided-missile destroyer USS John McCain and an oil/chemical tanker called the Alnic MC. As reported late on Sunday, five sailors were injured in the collision,...Show More Summary

Are Oil Bulls About To Be Burned Again?

Authored by Nick Cunningham via OilPrice.com, Oil investors have grown more optimistic as of late, as oil prices have moved back to $50 per barrel. The market appears to be on sounder footing, suggesting that things will gradually tighten for the rest of the year. Show More Summary

Is the "Oil God" Andy Hall Dead?

Steve H. Hanke Andy Hall, the “Oil God,” acquired that attribution after making flawless, bullish calls on oil and loads of cash for his clients at Astenbeck Capital Management. Of late, the markets have failed to cooperate with Hall. Show More Summary

DNV GL's Tørstad Talks Energy Trends

When Elisabeth Tørstad took the helm as CEO of DNV GL - Oil & Gas in late 2013, the price of a barrel of NYMEX (WTI) crude oil was more than $100. Today, that price has been halved, and the 40-month period between her ascension to the top post…

ETF Topper/Flopper: Crude Oil Rises, Natural Gas Falls

Crude oil prices got a boost from the possibility of sanctions on Venezuela, which were put in place late Monday. Natural gas prices declined to sub-$3 levels. A JPMorgan technical analyst outlines resistance and support levels to watch.

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