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Sandy Ruptured Shell-Saudi Oil Tank; 349,000 Gallons Spilled

Cleanup efforts are underway to remove 349,000 gallons of diesel fuel that spilled into New Jersey’s Arthur Kill waterway as a result of Hurricane Sandy, according to media reports. The spill happened late Oct. 29 when a storage tank ruptured at a Motiva Enterprises oil tank facility in Woodbridge and … Read more »

Businesses Reel from Hurricane Sandy

Hurricane Sandy has disrupted businesses from Virginia to Rhode Island, but the storm may actually benefit some companies in the long run. Northrop Grumman closed facilities in Suffolk, Va., Columbia, Md., Pleasantville, N.J., J Street, N.Y., and Middletown, R.I., Industry Week reports. Lockheed Martin also closed several facilities on Monday … Read more »

Isaac Shuts Oil, Gas Production; Could Ease Drought

Isaac Shuts Oil, Gas Production; Could Ease Drought

More than three-fourths of daily oil production in the Gulf of Mexico has been shut in as Tropical Storm Isaac bears down on the coast and threatens to make landfall as a hurricane, which could produce flooding and storm surges in Louisiana and Florida. The Bureau of Safety and Environmental … Read more »