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Stock Market & Financial Investment News

News Breaks
November 19, 2012
16:37 EDTMMP, OXYMagellan Midstream and Occidental Petroleum proceed with BridgeTex pipeline
Magellan Midstream (MMP) and Occidental Petroleum (OXY) announced that they are proceeding with the construction of the previously announced BridgeTex Pipeline to transport Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area. The BridgeTex Pipeline is supported by long-term transportation commitments received during its recent successful open season and has received a favorable order from the Federal Energy Regulatory commission approving the tariff structure for the pipeline. The BridgeTex Pipeline will be capable of transporting up to 300,000 barrels per day of crude oil, with access to Houston Ship Channel refineries, Texas City refineries and other refineries throughout the Gulf Coast via third-party pipelines.
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July 10, 2014
16:08 EDTOXYOccidental Petroleum names Todd Stevens as president, CEO of subsidiary
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