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Oil & Gas News

Oil & Gas news continually updated from thousands of sources around the net.

18 min ago | ABC News

US Stocks Fall Sharply as Earnings Disappoint

Stocks fell sharply on Thursday as investors reacted to disappointing corporate earnings and outlooks from major U.S. companies including Exxon Mobil and Whole Foods Markets.

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Related Topix: Financial Markets, ExxonMobil Chemical, Exxon Mobil, Energy, Chemicals, Retail, Whole Foods Market, Grocery, Life, Food, Fast Food

4 hrs ago | The Modesto Bee

Sunoco Logistics' 300-mile pipeline dealt setback

Two administrative law judges on Wednesday released a 25-page decision recommending that state utility regulators deny the company's request to exempt buildings to shelter 18 pump stations and 17 valve control stations from local zoning ordinances in 31 locations.

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Related Topix: Energy, Sunoco Logistics Partners LP, Business News

5 hrs ago | Business Journal

a Exxon Mobil Corp. puts two of its Houston facilities up for sale

With its new campus in north Houston 20 percent complete, Irving-based Exxon Mobil Corp. has put two of its Houston facilities on the market.

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Related Topix: Houston, TX, Exxon Mobil, Energy, River Oaks (Houston, TX), ExxonMobil Chemical, Chemicals

9 hrs ago | Bellingham Herald

Boston protesters rally against gas pipeline

The protest, attended by hundreds of supporters, was the culmination of a month-long "rolling rally" that marched through towns likely impacted by the proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.

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Related Topix: US Politics, James McGovern, US News, US House of Representatives, Democrat, Senator Elizabeth Warren, US Senate, Massachusetts, Deval Patrick, US Governors, Kinder Morgan Management, Financial Services, Energy, Kinder Morgan

Wed Jul 30, 2014

Prince George Citizen

Suncor net income falls, takes charge on cancelled oilsands project

The Suncor Refinery in Edmonton is seen on Tuesday, April 29, 2014. Suncor Energy Inc. has posted a nearly 70 per cent drop in net income during the second quarter as it took charges related to the cancellation of the Joslyn oilsands project and unrest in Libya.

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Related Topix: Suncor Energy

Brandon Sun

Penn West Petroleum shares dive after accounting review finds faults

Shares in Penn West Petroleum Ltd. fell sharply Wednesday after the company announced it's reviewing its accounting practices going back several years and will have to restate some of its past financial reports.

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Related Topix: Penn West Energy Trust, Energy, Suncor Energy

ABC News

Correction: Exxon Mobil-Gay Rights Story

In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement.

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Related Topix: Exxon Mobil, Energy, Gay/Lesbian, ExxonMobil Chemical, Chemicals, Irving, TX, Transgender

Tri-cityherald.com

Valero Energy 2Q profit rises 26 percent

The San Antonio-based company said net income increased to $588 million, or $1.10 per share, from $466 million, or 85 cents per share, in the same quarter a year ago.

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Related Topix: Energy, Valero Energy, Velos, Startups

Journalgazette.net

US economy grew at strong 4 percent rate in spring

In this June 4 photo, Baltazar Rosado, of Hollywood, Fla., pumps gasoline into his car at a Chevron gasoline station in Pembroke Pines, Fla.

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Related Topix: Hollywood, FL, Pembroke Pines, FL, Chevron Corporation, Energy

Sydney Morning Herald

Ceasefire in Tripoli to let firefighters try to control huge oil depot fire caused by rocket

Tripoli: Rival militias fighting for control of Tripoli airport agreed on Wednesday to a temporary ceasefire to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.

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Related Topix: Fire, Muammar Gaddafi (Gadhafi), World News, Africa, Libya, National Oil, Energy

Inside Bay Area

Richmond approves massive Chevron refinery project with $90 million in community benefits

Chevron's five year-plus quest to initiate a $1 billion upgrade to its century old refinery, the largest in Northern California, was approved by a divided City Council late Tuesday after the company and city staff hammered out a last minute deal upping community investments and installing safety and piping upgrades as part of the project.

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Related Topix: Chevron Corporation, Energy, George Miller, US Politics, US News, US House of Representatives, Democrat, California

Tri-cityherald.com

Hess 2Q adjusted profit, revenue top Street's view

Its adjusted profit and revenue topped analysts' estimates, and the energy company boosted its stock buyback program to $6.5 billion from $4 billion.

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Related Topix: Amerada Hess

The Modesto Bee

Overhaul approved for troubled California refinery

The Contra Costa Times reports the City Council of Richmond voted 5-0 Tuesday night for the overhaul.

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Related Topix: Richmond (San Francisco, CA), San Francisco County, CA, San Francisco, CA, Chevron Corporation, Energy, Modesto, CA

Journalgazette.net

Investors to collect in Marathon case

Nearly two years after a jury ruled in their favor, a group of investors entangled in a lawsuit with Marathon Oil over damaged properties can collect nearly half a million dollars.

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Related Topix: Marathon Oil, Energy

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The new shares are dis... )--Pulaski Financial Corp. reported net income available to common shareholders for the quarter ended June 30, 2014 of $2.8 mill... )--Newmont Mining Corporation will invest in developing the Merian gold mine in Suriname with strong local support for the project and expected all-in sustaining c... )--Mike Sickels, chairman ... (more)

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Related Topix: Newmont Mining Corporation of Canada, Mining, UGI, Energy, Amerigas Partners lp

Tue Jul 29, 2014

Business Journal

The loophole energy companies got away with that POTUS wants to stop

President Barack Obama is exploring ways to prevent American businesses from moving their tax domiciles overseas, but the current spate of such occurrences really took off 15 years ago within the Houston energy sector, legal experts said.

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Related Topix: US Politics, Barack Obama, US News, US Senate, Democrat, Transocean, Banking, Financial Services, Riggs National, Noble Corporation New Cayman, Energy, Weatherford International, Murphy Exploration and Production Company International

The Modesto Bee

Chevron puts plans for Pittsburgh facility on hold

The Pittsburgh Post-Gazette reported Tuesday that the energy company has delayed a final decision on the office project for the foreseeable future.

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Related Topix: Chevron Corporation, Energy, San Ramon, CA, Modesto, CA

The New Zealand Herald

Luxury oil summit during Rugby Cup was an 'investment'

Oil executives had dinner at Logan Brown, a sail on Wellington Harbour and a four night stay at the Intercontinental - all on the taxpayer.

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Related Topix: Energy, Chevron Corporation

The Family Badge

Murder on the Pipelines: Drug Cartels Turn Texas Oil Routes Into Killing Zones

The Vickers ranch is crossed by a steel pipe as thick as a man's calf. It delivers crude oil from a cluster of south Texas oilfields known as the Vicksburg Fault Zone to refineries in the subtropical waterfront city of Corpus Christi.

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Related Topix: Drugs, Corpus Christi, TX, Chevron Corporation, Energy, Falfurrias, TX

Bellingham Herald

China's anti-corruption push targets highest-ranking official yet

The investigation of Zhou had been rumored for months, but was officially confirmed Tuesday by Xinhua, China's state-run news agency.

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Related Topix: China National Petroleum, Energy

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