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Corpus Christi port vies to become main US oil export hub

Bloomberg Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry. After navigating the Aransas pass around 7 a.m. on May 26, the vessel, Euronav NV’s Anne, didn’t pick up any oil. But its arrival in ...

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Oil heads for longest gain in a month as US supply seen lower

Bloomberg Oil advanced for a fourth day in New York, its longest run of gains in a month, on estimates that US crude inventories continued their decline from record levels seen earlier this year. Futures added as much as 1.2 percent after rising 2 percent in the previous three sessions. Inventories probably dropped by 2.25 million barrels last week, a ...

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Hackers hit 75% of oil and gas drillers

Bloomberg Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated. That’s the finding from a report released by industry consultant Deloitte LLP. Technology advances, such as Royal Dutch Shell Plc’s recent control of operations in Argentina from an operating ...

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