Fatigue crack blamed for massive oil spill on Keystone pipeline in Kansas
The formal determination of the cause of the Keystone Pipeline...
The formal determination of the cause of the Keystone Pipeline leak that flooded 500,000 gallons of crude oil into a Kansas creek last December was announced Friday by operator TC Energy.
“The primary cause of the rupture was a progressive fatigue crack that originated at a girth weld connecting a manufactured elbow fitting to the pipe constructed across Mill Creek (in Kansas),”the operator of the pipeline, TC Energy, said in a news release.
For the first time in a month, the nation’s oil and gas rig count rebounded as did the number of active...
For the first time in a month, the nation’s oil and gas rig count rebounded as did the number of active rigs in Oklahoma in the past reported Baker Hughes Co. on Friday.
The total oil and gas rig count, an early indicator of future output, rose five to 753 in the week of April 21.
Oklahoma saw a gain of one rig to reach 56 total. A year ago, there were 51 rigs in the state.
Nationally, the growth in rigs included 3 moreoil rigs for a total of 591 while the number of gas rigs grew by 2 to 159. The count compares to a year ago when there were 695 rigs, a gain of 58. The gain included 42 more oil rigs and 15 more gas rigs.
Texas led the nation with 377 rigs, a gain of over 2 in the past week while New Mexico added one to hit 105. North Dakota was unchanged at 40 rigs while Louisiana stayed at 57.
Crude finished week with a loss despite weak gain on Friday
Benchmark U.S....
Benchmark U.S. crude oilfor June delivery rose 50 cents to $77.87 a barrel Friday. Brent crude for June delivery rose 56 cents to $81.66 a barrel.
Wholesale gasoline for May delivery rose 1 cent to $2.60 a gallon. May heating oilwas unchanged at $2.49 a gallon. May natural gasfell 2 cents to $2.23 per 1,000 cubic feet.
U.S. stocks eke out gains Friday but edge lower for the week
Stocks ended a choppy session slightly higher Friday, with major indexes suffering small weekly declines...
Stocks ended a choppy session slightly higher Friday, with major indexes suffering small weekly declines as investors weighed corporate earnings and the economic outlook. The Dow Jones Industrial AverageDJIA, 0.07% rose around 22 points, or 0.1%, to close near 33,809, according to preliminary figures. The S&P 500SPX, 0.09% and Nasdaq Composite COMP, 0.11% each eked out a rise of 0.1%. That left the Dow down 0.2% for the week, while the S&P 500 lost 0.1% and the Nasdaq declined 0.4%.
Chevron, Exxon working with Toyota on cleaner gasoline
As part of their collaborations with Toyota Motor, Chevron and ExxonMobil are road testing renewable...
As part of their collaborations with Toyota Motor, Chevron and ExxonMobil are road testing renewable gasoline blends that could make the emissions profile of conventional automobiles comparable to that of electric vehicles. Chevron and Toyota have kicked off a road trip across the Gulf Coast to demonstrate a blend with over 50% renewable content and a carbon intensity more than 40% lower than traditional gasoline.
