Energy Sector

Massachusetts Drivers Happy with Dropping Gas Prices; Gas Tax Revenues for the State Increases

Massachusetts Drivers Happy with Dropping Gas Prices; Gas Tax Revenues for the S

The low oil prices may be hurting the energy companies but drivers in Massachusetts are happy. Since mid-2012, the gas prices have dropped by almost half since when the mean retail price was close to $3.59 per gallon.

TransCanada says Leak Repaired; Will Restart Service at Keystone Pipeline with Reduced Pressure

TransCanada says Leak Repaired; Will Restart Service at Keystone Pipeline with R

The Keystone pipeline managed by TransCanada which carries crude oil from Hardisty, Alberta, to Cushing, Oklahoma and Illinois was partly shut down on April 2 following a potential leak that was noticed in South Dakota. On Friday, the company said, it had identified the leak which was close to its Freeman pump station in South Dakota.

TransCanada said the repair work was completed. The leak resulted in 400 barrels, or 16,800 gallons oil spill. I said, "Clean up and land restoration has already started and will continue over the coming days."

Final Gulf of Mexico Oil Spill Settlement will Cost BP Close to $20 Billion

Final Gulf of Mexico Oil Spill Settlement will Cost BP Close to $20 Billion

The BP oil spill in 2010 BP in the Gulf of Mexico was the worst of its kinds in the history of the United States. After the incident, a series of litigations followed which might be finally over after years.

On Monday, a final approval was granted by a federal judge, Carl Barbier in New Orleans, to an approximate $20 billion settlement.

Mark Davis’s WDC Solar offering free solar energy to low-income residents

Mark Davis’s WDC Solar offering free solar energy to low-income residentsWDC Solar, the company of NBA star Mark Davis, is working towards offering free solar energy to people living in low income

SunEdison Confirms Inquiry by SEC

SunEdison Confirms Inquiry by SEC

Maryland Heights, Missouri based SunEdison Inc. said the U. S. Justice Department is investigating issues which include financing activities connected to a canceled acquisition and also confirmed that the company received an inquiry from the SEC (Securities and Exchange Commission).

On Monday, reports surfaced that the SEC is examining the company's disclosure to investors regarding the amount of cash the solar company had in hand when there was a collapse in its stock prices last year.

Asian Oil Market Find Middle East Oil more Attractive for Many Reasons

Asian Oil Market Find Middle East Oil more Attractive for Many Reasons

Asia is one of the biggest oil markets and their addiction to Middle East supplies never seem to seize. These are not without some good reasons including the lower prices and the shorter amount of delivery time.

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