You are here

Written by 

SemGroup Acquires Strategic Oil Terminal in Houston #OilmanNEWS 2017 July-August Oklahoma 

SemGroup Acquires Strategic Oil Terminal in Houston

On June 6, Tulsa, Oklahoma-based SemGroup Corporation announced that it had entered an agreement to acquire Houston Fuel Oil Terminal Company (HFOTCO). The move diversifies SemGroup’s overall business offerings, and it gives the firm a foothold in the Houston Ship Channel, a well-established and strategic location for the transportation of oil and gas. SemGroup will be purchasing HFOTCO, one of the largest U.S.... Read More
Gulf States May Suffer if Proposed Budget Cut is Approved #OilmanNEWS 2017 July-August Louisiana Texas 

Gulf States May Suffer if Proposed Budget Cut is Approved

Alabama, Louisiana, Mississippi and Texas received $36.5 million in payments between 2009 and 2016 due to an act passed by President Bush which allocated some offshore drilling revenue to Gulf states. However, if Congress approves a recently proposed budget cut from the Interior Department, these states may receive nothing from the companies which operate in the Gulf region. The Gulf... Read More
1 2 3 6