Energy Update
GOLETA, Calif., May 20 (Reuters) - Cleanup crews fanned out across an oil-fouled California beach on Wednesday to scoop up gobs of petroleum spewed from a burst pipeline in what may be the biggest oil spill to hit the pristine but energy-rich Santa Barbara coastline in 46 years.
May 20 (Reuters) - BP Plc has settled with oilfield services provider Halliburton Co and contract driller Transocean Ltd cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history.
NEW LONDON, Conn., May 20 (Reuters) - Rising seas and thawing permafrost caused by warmer global temperatures threaten U.S. military bases and will change the way the U.S. armed services defend the country, President Barack Obama said on Wednesday.
Differentials for Latin American crude grades were slightly weaker May 18 as the ICE Brent/NYMEX crude contract spread narrowed by 31 cents/b.
A week-on-week decrease in buying interest for light sweet crude in the US Gulf Coast following a string of planned and unplanned refinery issues resulted in a lower differential for Light Houston Sweet.
Turkey-based construction services provider Hatipoglu Insaat San has selected Neste Jacobs to provide engineering services for a rail car loading facility for Turkmenbashi refinery in Turkmenistan.
GOLETA, Calif., May 20 (Reuters) - An oil pipeline that burst along the California coast, fouling a pristine beach and a stretch of ocean near Santa Barbara, is believed to have spilled up to 2,500 barrels of crude petroleum, about five times more than initially estimated, the pipeline company said on Wednesday.
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