The offer was comprised of $500 million of notes due Oct. 15, 2020; $500 million of notes due Oct. 15, 2025 and $600 million of notes due Oct. 15, 2045.
Months after new rules were adopted to make rail cars hauling crude safer, oil companies discover new standards are more expensive and complicated than first thought, Reuters said.
The Al-Oraiq did not leak any petrochemicals, but took on water. It was towed to Zeebrugge, Reuters reported. It was headed for Marshall Islands but collided with Spain-bound freighter Flinterstar.
Competition from Africa, Iran limits markets for light, tight oil from North American shale plays.
New Hampshire Supreme Court ruling affirms 2013 jury decision rejecting Exxon's claims that groundwater contamination from MTBE additive was fault of local gas stations and storage facilities that spilled it, Reuters said.
Sanchez intends to invest about $115 million and receive a 50% ownership interest in the plant and pipelines, which will be located near its Catarina asset in the Eagle Ford.
The Oklahoma City company entered into an agreement to acquire the Piñon Gathering Co. LLC from EIG Global Energy Partners for $126 million.
Case will be closed when civil penalty is paid and terms of a compliance order are completed, Pipeline and Hazardous Materials Safety Administration told Exxon in a letter, Reuters said.
Facing extensive new LNG imports, Sinopec discusses selling part of the 7.6 million tonnes per year contracted from 2016 to 2036 at Australia Pacific LNG project, industry source told Reuters.
The Alerian MLP index hit its lowest level in more than five years this week and is down 30% so far this year.
Spokesman Brett Harris said the company already sells into Gulf Coast market, but the area’s excess heavy oil refining capacity and the tidewater port are important for Canada, Reuters reported.
Line 9 will ship 300,000 barrels per day of mostly light inland crude to Montreal. Traders said it was in demand because the line will be filled soon, Reuters said.