Oil & Gas News

TIRUCHI: The Bharat Heavy Electricals Limited , Tiruchi, has secured a Rs.170-crore contract from the Chennai Petroleum Corporation Limited for supply of a Heat Recovery Steam Generator , meant for setting up an energy-efficient and environment friendly co-generation power plant at its Manali refinery.

CHINA National Offshore Oil Corp and China National Petroleum Corp are battling for approval to bid on YPF, the Argentinian unit of Spanish oil major Repsol, sources said yesterday, in a deal that could be worth about US$17 billion.

Puget Sound Business Journal Alaska Airlines passenger traffic fell again in June.

It's summer. For most Americans, that means barbeque season. But here's something to think about next time you pick up propane for your gas grill: Those tanks don't carry what they used to.

A saboteur's bomb blast on Oct. 12, 2008, created a 1.8-metre-wide crater near an EnCana natural gas pipeline about 50 kilometres east of Dawson Creek in northern B.C. A sixth explosion, causing a small gas leak, was reported Saturday.

Ensco International Incorporated announced that Phillip Saile, Senior Vice President - Operations will retire after 22 years of service effective July 31, 2009.

A consortium led by the Chinese National Petroleum Corp and British giant BP PLC won the deal to develop the Rumaila oil field in southern Iraq on Tuesday.

Repsol YPF SA is in talks with China National Petroleum Corp. and China National Offshore Oil Corp.

Abraxas Petroleum Corporation and Abraxas Energy Partners, L.P. are pleased to announce that they have executed a definitive merger agreement , pursuant to which Abraxas Energy will merge with and into Abraxas Petroleum, and that holders of 96% of the common units of Abraxas Energy not held by a wholly-owned subsidiary of Abraxas Petroleum have ...

TEHERAN: Iran plans to invest around US$70 billion in two major offshore natural gas fields in the 2010-15 period, a senior official said in comments broadcast yesterday.

Police said a transient man is a person of interest in the homicide of an elderly woman.

BG International will exercise its right to buy a 45 per cent stake in a natural gas property off the coast of Trinidad from Canadian Superior Energy Inc.

TEPPCO Partners, L.P. today announced that it has suspended the opportunity for investors to acquire additional limited partner units under the TEPPCO Partners, L.P. Distribution Reinvestment Plan.

QuikTrip Corp. and Magellan Midstream Partners LP have purchased much of bankrupt SemGroup LP's SemFuel refined petroleum unit for a combined $37 million, reported The Tulsa World .

Iraq's hopes for an oil-revenue fueled postwar recovery suffered a sharp blow Tuesday as the foreign oil companies it counted on to help develop its vast reserves greeted the country's first oil auction in over 30 years with grumbles and just one deal.

Santos Ltd has taken a large stake in New South Wales-based coal seam gas explorer Eastern Star Gas Ltd.

The number of rigs actively exploring for oil and natural gas in the United States rose by 11 this week to 928, the third consecutive week for an uptick after months of declines.

A pro-Palin Web site has accused Rep. Jay Ramras of a conflict of interest for owning BP stock.

A spokeswoman for EnCana says a gas leak in northern B.C., not far from the site of four pipeline bombings, appears to have been caused by an explosion.

Stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios.