Oil & Gas News

'The difference in price also depends on the distance between the oilfields and refineries in three locations: Oklahoma, the North Sea and Dubai, as well as other factors.' Photograph: Getty The bankers have finally got their revenge.

Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. remains unchanged this week, at 1,769. The Houston-based company said Friday in its weekly report that 1,408 rigs were exploring for oil and another 354 for gas.

Boulder County commissioners decided Thursday night to assess impact fees on oil and gas companies drilling and operating future wells in unincorporated Boulder County to mitigate the wear and tear their heavy trucks and other vehicles are projected to cause on county roads.

CAIRN Energy, one of the most high-profile victims of last year's shareholder spring of discontent over executive pay, appears to have returned to shareholder favour.

Almost two months after an aging pipeline split open and spilled an estimated 210,000 gallons of crude oil into a Mayflower neighborhood, forcing scores of residents to evacuate their homes, injuring wildlife and contaminating a cove of Lake Conway, Exxon Mobil said Thursday that it still does not know what caused the spill.

As the state's Republican Party began a push toward tax reform, Grover Norquist and representatives of Americans for Prosperity traveled the state Thursday campaigning for reduced income tax.

Work on a section of Kinder Morgan's Trans Mountain pipeline near Jasper. Some sections of the route are already twinned.

NORWEGIAN energy giant Statoil has signed a farm-in deal with BP to create a joint venture exploring for petroleum in the Great Australian Bight, south of Ceduna.

An environmental activist holds a sign in Bryant Park, protesting the proposed Keystone XL pipeline, May 13, 2013 in New York.

Hess has reached a deal with a major investor to end a bitter fight over the management and direction of the oil and gas company.

Ship Shoal 26 features the main platform that's slated for deconstruction but also a series of pilings and wellheads to its east, where Capt.

The head office of Statoil in Stavanger, Norway, in this file photo dated Jan. 18, 2013.

As student loan borrowers are getting crushed under massive student debt, the federal government's student loan program is set to turn about $51 billion in profit, according to predictions from the Congressional Budget Office .

The April 17th fire at the Exxon-Mobil refinery in Beaumont has claimed a second life.

The Soyo LNG tanker, which was expected to take on one of Angola's first cargoes for export, entered the facility on April 16 but sailed out of the port again two days after the fire.

Turkey signed an agreement with the U.S. company Exxon Mobil on oil exploration in the territory of the Kurdish autonomy of Iraq, the HA1 4rriyet newspaper quotes Turkish Prime Minister Recep Tayyip Erdogan as saying.

Norwegian company Statoil also confirmed its office in Stavanger was inspected by officials from the European Commission yesterday as motoring campaigners spoke of fears of consumers being conned.

Oil States International went from an obscure oilfield services firm to one of the hottest stocks in the market in just a few weeks.

Jon Bolton shows Todd Elston and Sadie Richardson, both of Denver, the Chesapeake CNG Chopper -- the world's first natural gas-powered chopper.

University of Kansas alumna Kathleen Hall, of Lecompton, has made a leadership gift to establish a geology professorship at the University of Kansas.