Downstream & Midstream Petroleum News
Ursa Space Systems announces global oil inventory coverage via Synthetic Aperture Radar
On Aug. 10, Ithaca, NY-based Ursa Space Systems Inc. announced in a press release that in the next few months, they will be launching the world’s first system of timely inventory reports of global oil storage levels.
Credit card skimming is a problem for gas stations, but can be prevented
Skimming technology has grown increasingly advanced in recent years.
Thieves are stealing diesel fuel and reaping millions in profit on black market
A multimillion dollar black market for stolen diesel and gasoline is spreading all around the nation and has been rampant in certain areas of the country for years.
EPA to continue enforcing methane emissions bill agency tried to suspend
On July 31, the EPA was ruled by the United States Court of Appeals for the District of Columbia Circuit to enforce a set of regulations established during the 2016 Clean Air act – regulations they hoped to put a two-year freeze on so their effectiveness could be reevaluated.
Bill mandating companies test for sleep apnea is killed
As revealed in an official statement from the White House Office of the Federal Register, the Federal Motor Carrier Safety Administration and Federal Railroad Administration are rescinding a rule proposed during the Obama administration that would require train and freight transportation companies to test newly hired operators for obstructive sleep apnea.
Anheuser-Busch acquires non-alcoholic energy drink company, Hiball Energy
In press release delivered July 20, Anheuser-Busch announced its acquisition of the energy and sparkling water company, Hiball Energy.
Recent oil discoveries in Mexico make it a more alluring global energy producer
On July 12, London-based Premier Oil announced that it, along with its operating partners Talos Energy (Operator) and Mexico City-based Sierra Oil & Gas, found over 1 billion barrels of oil at its Zama-1 exploration well in the gulf, just off the coast of Mexico.
Uber enters freight trucking market with its own on-demand service
Uber has entered the full-load freight trucking market with Uber Freight, an on-demand, service designed to streamline the way drivers connect to companies and businesses in need of shipping.
White House reverses Obama 5-year ban on off-shore drilling
The Trump administration is seeking to overturn an Obama-era order prohibiting oil and gas drilling across vast sections of the Arctic and Atlantic oceans, specifically those close to Alaska and the north-east coast.
What are C-stores to make of Amazon’s foray into food retail?
Amazon continues to transform its company identity and reshape industry after industry it enters, a trend that took on new levels of media frenzy in June when CEO Jeff Bezos announced he was acquiring Whole Foods, the nation’s leading health-conscious supermarket chain.