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Houston-Area refineries operate normally as tropical storm moves ashore: sources

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HOUSTON (Reuters) – Refineries in Houston, Texas City and Sweeny, Texas were operating normally as Tropical Storm Imelda came ashore on Tuesday afternoon, said companies and sources familiar with plant operations. Eight refineries in the Houston metropolitan area, Texas City and Sweeny can process a combined 2.5 million barrels per day (bpd), or 13.6% of Read More

Investors turn heat on Big Oil ahead of U.N. climate summit

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LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change. FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Read More

Maha Energy AB (publ) (“Maha” or the “Company”) Announces Operational Update and Changes in Senior Management

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­­­Maha Energy AB (publ)Strandvägen 5ASE-114 51 Stockholmwww.mahaenergy.ca Press releaseStockholmSeptember 16, 2019 Maha Energy AB (publ) (“Maha” or the “Company”) Announces Operational Update and Changes in Senior Management 7-TTG-3D-SES Update The Company is pleased to provide the following operational update for the drilling of 7-TTG-3D-SES well (the “Well”). After 65 days of Well drilling operations, a Read More

Trump backs plan that would boost biofuel quotas 10% in 2020

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NEW YORK (Reuters) – U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump Read More

OxyContin maker Purdue Pharma files for bankruptcy protection

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NEW YORK (Reuters) – OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a Read More

U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities

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HOUSTON (Reuters) – U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. FILE PHOTO – A pump jack operates in the Permian Basin oil and natural Read More

Attacks on Saudi oil risk lowering Aramco IPO valuation

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By Shaji Mathew, Filipe Pacheco and Sarah Algethami on 9/15/2019 DUBAI (Bloomberg) – As bankers discussed Saudi Aramco’s initial public offering at the Ritz Carlton hotel in Dubai last week, a drone attack was being planned to hit the heart of its operations over the weekend. It caused Saudi Arabia to halve its oil output Read More

Climate protesters arrested at Texas port ahead of U.S. presidential debate

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HOUSTON (Reuters) – Police on Thursday arrested Greenpeace climate protesters who closed part of a key oil export waterway for hours by tying themselves to a bridge and dangling over the water. Traffic is pictured on the Fred Hartman Bridge where Greenpeace USA climbers formed a blockade, shutting down the Houston Ship Channel, the largest Read More