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Oil & Gas News

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

3 hrs ago | The Washington Post

Pipeline Firms With 50% Fees Borrow to Pay Investors: Energy

That's because MLPs pay investors almost all the money they bring in, and sometimes even more.

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Related Topix: Financial Markets, Naples, FL, Stanley, Enbridge Energy Partners LP, Energy, Business News

7 hrs ago | The Nation

The Tax Breaks That Are Killing the Planet

ExxonMobil, the world's largest oil company, hauled in a $32.6 billion profit last year.

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Related Topix: Exxon Mobil, Energy, Global Warming, Powder River, WY, US News, Liberal Political News

11 hrs ago | Market Wire

Invitation to the Annual General Meeting of Lundin Petroleum AB

The shareholders of Lundin Petroleum AB are hereby given notice of the Annual General Meeting of Shareholders to be held on Thursday 15 May 2014 at 1 p.m. .

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Related Topix: AB Electrolux, Appliances, Energy, Lundin Petroleum AB, Frank Sinatra, Jazz

Tue Apr 15, 2014

LA Daily News

Southern California gas prices soar above $4 a gallon

A customer purchases gas Tuesday at the Mobil station at the corner of Diamond Bar Boulevard and Golden Springs Drive in Diamond Bar, where a gallon of regular unleaded sells for $4.79.

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Related Topix: California, Boulevard, CA, Diamond Bar, CA, Los Angeles County, CA, Empire, CA, Chevron Corporation, Energy

Carlsbad Current-Argus

Tax assessor's lawsuit against Eddy County over oil & gas taxes still in limbo

CARLSBAD >> A lawsuit over the county's ability to assess taxes against the oil and gas industry is awaiting an appellate court's decision.

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Related Topix: Eddy County, NM, Carlsbad, NM, Roswell, NM, Grant County, NM, Harding County, NM

The Chronicle Herald

Encana goes ahead with spin-off plan

Encana Corp. has advanced its plans for spinning off a portion of its assets in Western Canada into a separate publicly traded business, to be called PrairieSky Royalty Ltd .

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Related Topix: Energy, EnCana

The Brainerd Daily Dispatch

Walking, 'talking' drilling rigs aim to modernize fracking

Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners, has designed a 500,000-pound rig for the oil and natural gas industry that can walk, rotate 360 degrees, be operated with a remote control, and load pipe automatically.

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Related Topix: Energy, Chevron Corporation

WAFF-TV Huntsville

Recovery to begin for sunken barge in Miss. River

Salvage operations for a barge that overturned and sank last week in the Mississippi River in northeast Arkansas are expected to begin.

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Related Topix: Arkansas, Kinder Morgan Management, Financial Services, Energy, Kinder Morgan, Boat Disaster

KTUL-TV Tulsa

Tulsa-based company pledges $3M for new park

Tulsa-based energy company Unit Corporation has announced it will contribute $3 million for the city's newest park planned along the Arkansas River.

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Related Topix: Tulsa, OK, Unit Corporation, Energy

Mon Apr 14, 2014

Market Wire

MGM Energy Corp. Enters Into Arrangement Agreement with Paramount Resources Ltd.

MGM Energy Corp. announced today that, further to its March 11, 2014 press release, it has entered into a formal arrangement agreement with Paramount Resources Ltd. whereby Paramount would acquire all of the common shares of MGM Energy not currently owned by Paramount.

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Related Topix: Paramount Resources, Energy

WPBF

Credit-card skimmers target local gas stations

Hess Corp. is alerting its South Florida and Treasure Coast customers after more than a dozen of its gas stations were targeted by "skimming."

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Related Topix: Amerada Hess, Florida, West Palm Beach, FL, Largo, FL, Palm Harbor, FL

KFQD-AM Anchorage

ConocoPhillips to resume Kenai LNG shipments

ConocoPhillips says it will resume exports of liquefied natural gas from a Kenai Peninsula facility.

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Related Topix: ConocoPhillips, Energy, Kenai, AK, Department of Energy, Nikiski, AK

CTV

TSX advances on strong U.S. retail sales, resource acquisitions

The Toronto stock market was higher Monday amid a strong reading on U.S. retail sales and major deal-making in the resource sector.

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Related Topix: Energy, EnCana

Nanaimo Daily News

Texas-based Stabilis Energy buying Encana's U.S. liquefied natural gas unit

Encana Corp. will sell substantially all the assets of a Denver-based liquefied natural gas unit to Texas-based Stabilis Energy under an agreement announced Monday.

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Related Topix: Energy, EnCana

Mother Jones

Triumph of the Drill: How Big Oil Clings to Billions in Government Giveaways

Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks.

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Related Topix: Chevron Corporation, Energy, US News, Outsourcing, US Politics, Sherrod Brown, US Senate, US House of Representatives, Democrat

MarketWatch

Tesla, Sinopec may build charging stations in China

Chief Executive Elon Musk is reportedly visiting China this month for talks with China Petroleum & Chemical Corp. -- better known as Sinopec -- one of China's largest refiners, to build charging units in Sinopec's nationwide service-station network, according to a Chinese media report Monday.

1 comment

Related Topix: World News, China, Asia, China Petroleum and Chemical,

Sun Apr 13, 2014

Journal-Pioneer

Opponents of Keystone XL pipeline carve message into Nebraska field

Opponents of a proposed pipeline to carry Canadian oil south to the U.S. Gulf Coast have carved a message of resistance into a Nebraska field in the project's path.

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Related Topix: Energy, TransCanada, Natural Gas, US Politics, US News, Barack Obama

Anchorage Daily News

Company seeks to export Yukon crude from Skagway

2 on the list of Alaska oil ports. Last week, Skagway Mayor Mark Schaefer announced that officials from Northern Cross Yukon are interested in using the port of Skagway to export crude oil to a refinery in Washington state.

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Related Topix: Skagway, AK, Valdez, AK, Energy, Cnooc, Prudhoe Bay, AK

Seeking Alpha

Why ConocoPhillips Is Holding Up Well Despite The Carnage In The Market

ConocoPhillips is one of those blue chips that has managed to post gains in the last month and continues to be a safe dividend play in the market.

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Related Topix: ConocoPhillips, Energy, Microsoft, Startups, Financial Markets, Chevron Corporation, Exxon Mobil

West Australian

Shell, BP sign five-six year LNG supply deals with Kuwait - paper

Kuwait began importing LNG in 2009 and signed deals for Shell and Swiss-based trader Vitol to supply it during the peak power demand period from April to October over the last four summers.

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Related Topix: Energy, Kuwait Petroleum, Marketing, World News, OPEC (Organization of the Petroleum Exporting Countries)

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