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Oil & Gas News

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

2 hrs ago | CSP

Atlas Oil Lehigh Gas Partners

Atlas Oil Co. announced its planned sale of its BP -branded assets in Chicago and northwestern Indiana to Lehigh Gas Partners LP , Allentown, Pa, and Parent Petroleum Inc., St. Charles, Ill.

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Related Topix: Financial Services, BP Prudhoe Bay Royalty Trust, Energy, St. Charles, IL, Marketing

6 hrs ago | Bloomberg

Chesapeake's Biggest Investor Grows More Bullish on Stock

Southeastern Asset Management Inc., the owner of one of every 10 shares in Chesapeake Energy Corp. , is more bullish on the natural gas producer as Chief Executive Officer Doug Lawler trims costs.

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Related Topix: Chesapeake Energy, Energy, Financial Markets

Thu Apr 17, 2014

Business Journal

Kinder Morgan says it's racked up commitments for Eagle Ford pipeline

File photo of a pipeline system. Kinder Morgan Energy Partners has lined up commitments for two-thirds of its new pipeline connecting Eagle Ford Shale customers to the Houston Ship Channel.

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Related Topix: Kinder Morgan Management, Financial Services, Energy, Kinder Morgan

Reuters

Apache CEO, Vermont activist build alliance on climate issues

Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist.

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Related Topix: Apache, Activism, Texas, Stanley, Financial Services, Morgan Stanley, Chevron Corporation, Energy

Reuters

UPDATE 3-Schlumberger, Baker Hughes results point to improving N.America

Schlumberger Ltd, the world's largest oilfield services company, reported a profit that beat analysts' estimates for the tenth straight quarter, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.

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Related Topix: Schlumberger, Energy, Baker Hughes

Reuters

U.S. delay pushes Canada oil pipeline choke points upstream

But here's the rub: Relieving congestion downstream is simply likely to expose choke points further upstream, traders say, as unexpected delays in securing a U.S. permit to expand a major segment of its 5,363km Mainline system leaves Canada's heavy crude bottled up for months more.

Comment?

Related Topix: North America, Canada, World News, Enbridge Energy Partners LP, Energy,

KSWO

ConocoPhillips donates $1 million for OSU school

The new building will serve as the eastern anchor of the university's main quad and significantly increase space for the business school's 5,000 students and faculty members.

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Related Topix: Energy, ConocoPhillips

Wed Apr 16, 2014

Now Toronto

The U.S. oil and gas industry seeks to profit from crisis in Ukraine

The way to beat Vladimir Putin is to flood the European market with fracked-in-the-USA natural gas, or so the industry would have us believe.

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Related Topix: Vladimir Putin, US News, Global Warming, US Politics, Representative Cory Gardner, Republican, US House of Representatives, Chevron Corporation, Energy

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

First quarter ... )--SanDisk Corporation , a global leader in flash storage solutions, today announced that the Board of Directors has declared a second quarter 2014 cas... )--Engility Holdings, Inc. , today announced that it has won a $40 million single award indefinite-delivery/indefinite-quantity contract to support mo... )--Kinder Morgan, Inc.

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Related Topix: Apparel, American Apparel, Semiconductors, Startups, Monolithic System Technology, Electronics, MoSys, Aspen Technology, Software, SanDisk, Energy, Kinder Morgan

Channelnewsasia.com

CNB officers arrest 2 men, seize over 1kg of Ice

On April 15, the Central Narcotics Bureau launched an operation targeting a syndicate that has been actively distributing Ice in Singapore.

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Related Topix: Energy, Colonial Group, Drugs

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

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

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.

Comment?

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

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