Americas

Veracity tapped by US DOE to develop next-gen network security

ALISO VIEJO, CA -- Veracity Industrial Networks, a developer of next-generation Operational Technology (OT) network cybersecurity for the industrial internet, announced that it is part of a three-company team tapped by the US Department of Energy to develop a secure networking solution that reduces cyberattacks against US industrial and utility networks.

Oil rises as OPEC aims for deeper output cuts

LONDON (Reuters) -- Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

Gulf Oil announces new Gulf Pay mobile app

WELLESLEY HILLS, Mass. -- Gulf Oil today announced the launch of a new mobile payment application, Gulf Pay. The new offering, powered by P97's PetroZone mobile commerce platform, will enable Gulf customers to navigate to the nearest Gulf gas station, pay for fuel at the pump, and purchase products inside the convenience store utilizing mobile payment technology.

Sunoco LP announces a new, high-detergent fuel blend

DALLAS -- Sunoco Ultratech, a high-detergent fuel blend, will be available to customers starting April 1 across all grades of gasoline at every Sunoco station across the country. The introduction of Sunoco Ultratech is the company's latest effort to provide customers with the high quality fuel they've come to expect from Sunoco.

Pruitt takes EPA reins as Trump targets regulations

WASHINGTON (Reuters) -- The US Senate confirmed President Donald Trump's pick to run the Environmental Protection Agency on Friday over the objections of Democrats and environmentalists worried he will gut the agency, as the administration readies executive orders to ease regulation on drillers and miners.

After OPEC cuts heavy oil, China teapot refiners pull US supply to Asia

SINGAPORE/HOUSTON (Reuters) -- Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC's output cuts and ample supplies in Canada and the United States.

Fire hits California refinery; local gasoline prices could rise

(Reuters) -- An explosion and fire at an oil refinery in Torrance, California, on Saturday forced the partial shutdown of the plant, leading oil traders to expect a spike this week in West Coast gasoline prices.

US gasoline margins hit 1-year low on oversupply fears

NEW YORK (Reuters) -- US gasoline margins fell by more than 11% early on Friday, hitting one-year lows as record inventories and signs of weakening demand dampen expectations and upend trade flows.

Meridian Energy signs MoU for the purchase, distribution of refinery products

BELFIELD, North Dakota – Meridian Energy Group, Inc., the leading developer of innovative solutions for a cleaner, environmentally-compliant oil refinery, announced today that it has recently entered into Memoranda of Understanding with local and regional petroleum product distribution firms, under which these firms will purchase and distribute up to 268 million gallons per year of refined products from the Davis Refinery, Meridian’s greenfield refinery proposed for Billings County, near Belfield, ND.

Study reveals cybersecurity readiness gaps in US oil and gas industry

A survey of US oil and gas cybersecurity risk managers indicates that the deployment of cybersecurity measures in the industry isn’t keeping pace with the growth of digitalization in oil and gas operations. In a study from the Ponemon Institute – The State of Cybersecurity in the Oil & Gas Industry: United States – just 35% of respondents rated their organization’s operational technology (OT) cyber readiness as high.