Exxon Mobil Corp. is looking to sell a package of conventional oil assets in the Permian Basin as the company focuses on growing shale production.
August 27, 2024Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Diesel Price Drops 3.7¢ to $3.651 a Gallon
The national average diesel price decreased by 3.7 cents to settle at $3.651 per gallon, according to U.S. Energy Information Administration data released Aug. 26.
August 26, 2024US Oil Dominance Hinges on Quiet Corner of New Mexico
Two New Mexico counties accounted for 17% of all onshore oil output in the contiguous U.S. last year.
August 26, 2024Exxon Sees 2050 Oil Use at Current Level
Exxon Mobil forecasts global oil demand in 2050 will be the same — or slightly higher — than current levels, putting efforts to reach net-zero carbon emissions by midcentury well out of reach.
August 26, 2024Halliburton Warning Oil Clients After Cybersecurity Attack
Halliburton, the world’s biggest provider of fracking services, said it is alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems.
August 23, 2024DSV Orders 300 Electric Trucks in Major Volvo Deal
Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
August 23, 202429 Mariners Rescued From Oil Tanker Hit in Red Sea Attacks
DUBAI, United Arab Emirates — A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea, officials said Aug. 22.
August 22, 2024Groendyke Announces Acquisition of Linden Bulk Transport
Groendyke Transport on Aug. 19 announced a definitive agreement to acquire all the tank truck assets of Linden Bulk Transportation from Depot Connect International.
August 22, 2024Minnesota Fuel Taxes to Jump 12% in 2025 Due to New Law
Minnesota’s motor fuel taxes will jump by nearly 12% starting Jan. 1 for diesel, gasoline, biodiesel and other fuels because of a state law passed last year.
August 21, 2024Ford Scraps Electric SUV, Boosts Hybrid Production
Ford Motor Co. is recalibrating its electrification strategy yet again, canceling plans for a fully electric SUV in a shift that may cost the carmaker around $1.9 billion.
August 21, 2024