Tag Archives: Industry News

NEFI Schedules Compliance Seminars

The NEFI seminar will cover the top federal and state regulatory enforcement actions occurring in your area along with the steps needed to remain in compliance. Regulatory counsel will present the issues in an informative and interactive way to inform you of key compliance issues.

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Sprague Resources LP Announces Closing of Metromedia Energy Acquisition

Sprague Resources LP announced on Oct. 1 that its wholly owned subsidiary, Sprague Operating Resources LLC, has completed the purchase of Metromedia Gas & Power, Inc.'s natural gas marketing and electricity brokerage business assets for $22 million in cash and the assumption of liabilities under pre-existing forward supply contracts.

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API: EPA Lacks Authority to Change Biodiesel Mandates

The Clean Air Act explicitly prohibits the U.S. Environmental Protection Agency from increasing the biomass-based diesel mandate for the 2014 compliance year, wrote American Petroleum Institute Downstream Group Director Bob Greco in a letter sent Friday to EPA Administrator Gina McCarthy.

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PSEG Power Joins PennEast Pipeline Project

PennEast Pipeline Company, LLC, announced that PSEG Power LLC, a subsidiary of the Public Service Enterprise Group, has joined the project to develop a 100-mile pipeline from Pennsylvania to New Jersey that will transport natural gas to homes and businesses.

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PDVSA Reported to be Selling CITGO U.S.

In a Reuters exclusive, it has been reported that CITGO's parent company, Venezuelan national oil company PDVSA, is looking to sell its U.S. operations by the end of the September. Rumors had been floating around relative to the refining operations for some time. The reason cited, referencing a handful of inside sources, is a cash crunch, and the sale is expected to generate $10 billion or more to meet that need. The assets on the table range from refineries to the marketing operation, and might be sold off individually.

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From OESP: Jack Simione Passes

We thought it important to share some information regarding the passing of one of our past National Officers, Mr. Jack Simione.   Mr. Simione was the owner of Simione Oil, Winthrop Mass.  He was very active in our association. He was Past President of the Boston Chapter and he served on the national level back in the late 60's and early 70's in the positions of secretary and vice president. His funeral was held at  Our Lady of the Assumption Church on Sept. 1.

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