CALGARY, Alberta—Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will go up to 90 trains per month by the end of the summer, CEO Steve Spaulding said on May 24.
Each unit train can carry around 75,000 barrels. The Hardisty terminal is owned by USD Partners LP and used exclusively by Gibson.
Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."
The Mary and James Harrison Foundation is offering land and mineral rights across Oklahoma in a Jan. 31 auction to raise money for the charities it supports.
API’s CEO Mike Sommers said this generation is defined as “Generation Energy” because of the unprecedented dual achievement of meeting record world energy demand while driving record CO₂ emissions reductions.