ANCHORAGE, Alaska — The first oil and gas production wells in federal Arctic waters have been approved by U.S. regulators. The Bureau of Ocean Energy Management on Oct. 24 announced it issued a conditional permit for the Liberty Project, a proposal by a subsidiary of Houston-based Hilcorp for production wells on an artificial island in the Beaufort Sea.
October 24, 2018Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
IMO Rejects US-Backed Plan for Phased Start of Ship-Fuel Rules
The International Maritime Organization rejected a proposal — supported by both the U.S. and shipping groups — for a phased start to rules that will limit the sulfur content of ship fuels starting in 2020.
October 24, 2018New York Says Exxon Misled Investors About Climate Risks
A few months ago lawyers for Exxon Mobil Corp. stood before a judge and told New York’s attorney general to “put up or shut up” after investigating the company’s public disclosures about climate change, saying it should sue the company or move on. New York Attorney General Barbara Underwood said Exxon Mobil misled investors about the risks that climate change poses to its operations.
October 24, 2018Trudeau Imposes Carbon Tax, With Rebates, on Four Provinces
Justin Trudeau is imposing a carbon tax on provinces that have balked at implementing their own, doubling down on what is set to be a core fight of Canada’s next election.
October 23, 2018Diesel Slides 1.4¢ in First Decline Since Aug. 20
The U.S. average retail price of diesel inched down 1.4 cents to $3.380 a gallon as crude oil prices slipped amid growing U.S. inventories of crude.
October 22, 2018North Dakota Pipeline Company Gauges Interest in Expanding Oil Volume
BISMARCK, N.D. — The developer of the Dakota Access pipeline is gauging shippers’ interest in a possible expansion of the volume of crude oil moved through the pipeline from 500,000 barrels to 570,000 barrels per day, despite ongoing tribal efforts to shut the pipeline down.
October 22, 2018Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate
U.S. refiners are getting stung by President Donald Trump’s reported efforts to keep consumer prices from rising in the run-up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry.
October 19, 2018Trucking to Turn More to Alternative Fuels, Experts Say
INDIANAPOLIS — Sales of Class 8 natural gas fueled trucks are rising, grants and incentives for using alternative fuels are expanding and more related regulations are coming as major shippers pursue environmental sustainability, experts said at an industry forum here.
October 18, 2018Congestion Creates $74.5 Billion Burden for Trucking, ATRI Analysis Shows
Traffic congestion on the nation’s highways added $74.5 billion in operational costs to the trucking industry in 2016, according to the American Transportation Research Institute’s recent analysis.
October 18, 2018Colorado Voters Could Play Role in Determining State’s Oil Output
On Nov. 6, voters may spoil BP’s welcome. That’s when it will be decided whether to limit drilling in an initiative that some say could cut the state’s oil output by more than half. The vote is being closely watched, not only by companies keen to join the Colorado boom but also by outsiders who see a potential blueprint for blocking development.
October 17, 2018