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Wall Street closes slightly higher, industrials lead

4 days ago DieselGasoil Comments Off on Wall Street closes slightly higher, industrials lead
NEW YORK (Reuters) – Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports. All three major U.S. stock indexes closed in positive territory heading into the three-day weekend. For the holiday-shortened week, the S&P snapped its three-week winning streak, while the Read More

Wall Street gains on positive earnings, upbeat data

4 days ago DieselGasoil Comments Off on Wall Street gains on positive earnings, upbeat data
NEW YORK (Reuters) – Industrials led Wall Street higher on Thursday in the wake of upbeat economic data and a string of healthy corporate earnings. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid All three major U.S. stock indexes nosed into Read More

Union Pacific operational overhaul gains traction, shares rise

4 days ago DieselGasoil Comments Off on Union Pacific operational overhaul gains traction, shares rise
(Reuters) – U.S. railroad operator Union Pacific Corp on Thursday reported better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest. FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Read More

Union Pacific profit rises 6.2 percent

5 days ago DieselGasoil Comments Off on Union Pacific profit rises 6.2 percent
FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren (Reuters) – Union Pacific Corp on Thursday reported a 6.2 percent rise in quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter Read More

GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES THE APPOINTMENT OF TOM HORTON AS A PARTNER

1 week ago DieselGasoil Comments Off on GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES THE APPOINTMENT OF TOM HORTON AS A PARTNER
NEW YORK, April 15, 2019 (GLOBE NEWSWIRE) — Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, today announced that Tom Horton will join GIP as a Partner as of April 15, 2019. Tom Horton is the former Chairman and Chief Executive Officer of American Airlines. As Chairman and CEO, he led American through Read More

Permian’s flaring rises by 85% as oil boom continues

2 weeks ago DieselGasoil Comments Off on Permian’s flaring rises by 85% as oil boom continues
By Kevin Crowley and Ryan Collins on 4/11/2019 Photo: Flaregas Corporation. HOUSTON (Bloomberg) — The Permian Basin has produced so much natural gas that by the end of 2018 producers were burning off more than enough of the fuel to meet residential demand across Texas. The phenomenon has likely only intensified since then. Flaring is Read More

Milestone receives oilfield waste landfill permit in Permian Basin

2 weeks ago DieselGasoil Comments Off on Milestone receives oilfield waste landfill permit in Permian Basin
4/10/2019 Flusing process. Photo: Milestone Environmental. HOUSTON and MIDLAND — Milestone Environmental Services (Milestone), an oilfield waste disposal services company, has announced that the Railroad Commission of Texas (RRC) has approved the company’s second RCRA-exempt oilfield waste landfill permit in the Permian Basin. Development plans for the 7.8 million cubic yard landfill south of Midland, Read More

On track: Russia & China start laying railway across Amur River bridge

3 weeks ago DieselGasoil Comments Off on On track: Russia & China start laying railway across Amur River bridge
Construction companies have started laying rails on a cross-border bridge between Russia and China, Heilongjiang Daily newspaper reports. It will be operational this year and is expected to take bilateral trade to new highs. The railroad bridge will be part of the long-awaited infrastructure which is aimed at connecting Russia’s Far East with China’s northernmost Read More

U.S. disaster aid won’t cover crops drowned by Midwest floods

3 weeks ago DieselGasoil Comments Off on U.S. disaster aid won’t cover crops drowned by Midwest floods
MALVERN, Iowa (Reuters) – The Black Hawk military helicopter flew over Iowa, giving a senior U.S. agriculture official and U.S. senator an eyeful of the flood damage below, where yellow corn from ruptured metal silos spilled out into the muddy water. The contents of grain silos which burst from flood damage are shown in Fremont Read More

Railroad Commission of Texas has fined operators, businesses $520,000

4 weeks ago DieselGasoil Comments Off on Railroad Commission of Texas has fined operators, businesses $520,000
3/28/2019 Photo: Drilling rig in Bakken. AUSTIN – The Railroad Commission of Texas assessed $520,394 in fines involving 321 enforcement dockets against operators and businesses at the Commissioners’ conference this week. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety.  Operators were ordered to come into Read More