Most Recent Stories

Shell starts production from second Mars platform in gulf

02/04/2014

Shell Oil Co. has started production from its Mars B development through Olympus, a tension-leg platform in 3,100 ft of water 130 miles south of New Orleans in the Gulf of Mexico. Shell expects the added production from Olympus to extend the life of the greater Mars basin to 2050 and deliver a resource base of an estimated 1 billion boe.

EPA rule requires new reporting from refiners, chemical processors

02/04/2014

The US Environmental Protection Agency has finalized a rule under existing federal statutory law that establishes new reporting requirements for petroleum and petrochemical processors that use or plan to use five chemical substances identified generically as “complex strontium aluminate, rare earth doped” (CSA-RED).

Anadarko reports fourth-quarter loss, record yearend sales volumes

02/04/2014

Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion.

MARKET WATCH: Crude oil prices fall on economic indicators, Libyan news

02/04/2014

Crude oil prices dropped on New York and London markets in Feb. 3 trading, and analysts said traders focused on weaker-than-expected US and Chinese economic indicators along with the possibility of Libya boosting its oil exports toward more normal levels.

Chu: Decision to build Keystone XL pipeline a political one

02/03/2014

The decision on whether to permit the construction of the Keystone XL crude oil pipeline is a political one and not one of that is scientific in nature, according to former US Energy Sec. Steven Chu.

BP lets contract for Oman land rigs

02/03/2014

BP PLC has let a 5-year contract to KCA Deutag for the construction and operation of three newbuild, fast-moving land rigs in Oman’s Khazzan development for $340 million including options.

ExxonMobil expands Permian acreage, enters Utica agreement

02/03/2014

XTO Energy Inc., a subsidiary of ExxonMobil Corp., has agreed to fund development to gain operating equity in 34,000 gross acres in the liquids-rich Wolfcamp in Texas’s Midland and Upton counties, increasing the company’s holdings in the Permian basin to just more than 1.5 million net acres.

MARKET WATCH: Oil futures price ends month about $2 higher than start of year

02/03/2014

The March crude oil contract ended the month lower than the prior day’s closing price but was still nearly $2 higher than the start of January.

BLM extends comment period for Monument Butte gas project draft EIS

02/03/2014

The US Bureau of Land Management will provide an additional 30 days for public comments on the draft environmental impact statement for Newfield Exploration Co.’s proposed Monument Butte natural gas project in eastern Utah.

DCP Midstream adding processing in DJ, Eagle Ford basins

02/03/2014

DCP Midstream LLC will add nearly 500 MMcfd of natural gas processing capacity in two liquids-rich US basins, the company reported.

Range Resources selects chief executive officer

02/03/2014

Range Resources Ltd. has named Rory Scott Russell as its chief executive officer.

Husky advances Lima refinery expansion

02/03/2014

Husky Energy Co. has approved a $300 million upgrade project at its 161,500-b/d Lima, Ohio, refinery to boost the plant’s ability to process increased volumes of heavy crude from western Canada.

Eagle Ford crude prompts upgrades at Valero’s Texas refineries

02/03/2014

Valero Energy Corp., the largest US independent refiner-marketer, plans to invest $730 million in upgrading two of its Texas refineries to process increased volumes of light crude sourced from the Eagle Ford shale.

No major environmental impact from Keystone XL, DOS says

02/01/2014

The proposed Keystone XL crude oil pipeline’s construction and operation would not have significant environmental impacts, the US Department of State said in its long-awaited final supplemental environmental impact statement for the 1,700-mile project.

Ignoring questions is wrong approach to climate change

01/31/2014

Refusal by global-warming activists to address core issues has gone from tiresome to annoying. President Barack Obama committed the dodge in his State of the Union address on Jan. 28 when he declared, “Climate change is a fact.”

Total starts production at Itau Phase 2

01/31/2014

Total SA has started production from Phase 2 of the Itau natural gas-condensate field on Block XX (Tarija Oeste) in the Andean Cordillera foothills of Bolivia.

Baker Hughes: US drilling rig count climbs to 1,785

01/31/2014

The US drilling rig count gained 8 units to reach 1,785 rigs working during the week ended Jan. 31, Baker Hughes Inc. reported.

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

01/31/2014

ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion from downstream operations before the separation of Phillips 66 on Apr. 30.

MARKET WATCH: Crude oil futures price up, natural gas down

01/31/2014

The New York Mercantile Exchange March crude contract jumped 87¢ on Jan. 30, closing at $98.23/bbl. The April contract climbed 78¢ to settle at $97.66/bbl.

Kazakhstan lets contract for refinery modernization

01/31/2014

PetroKazakhstan Oil Products LLP, a joint venture of state-owned KazMunaiGas (KMG)and China National Petroleum Corp., has let a services-related contract to China Petroleum Engineering & Construction Corp. (CPECC) for a long-delayed project to upgrade the 5.25 million tonne/year Shymkent refinery in Kazakhstan.

WBI launches Dakota natural gas pipeline open season

01/30/2014

WBI Energy Inc., a subsidiary of MDU Resources Group Inc., has launched an open season for its planned 375-mile Dakota natural gas pipeline running from western North Dakota to northwestern Minnesota.

CSB issues report on Washington refinery blast

01/30/2014

The US Chemical Safety Board has determined the cause of an April 2010 explosion and fire at Tesoro’s 120,000-b/d Anacortes, Wash., refinery could have been prevented by the US independent refiner.

Senate panel hears arguments for, against US crude oil exports

01/30/2014

Witnesses on both sides of the debate over whether to expand US crude oil exports used improved energy security and creation of more domestic jobs to support their viewpoints during a US Senate Energy and Natural Resources Committee hearing on the subject.

West Chirag platform starts production off Azerbaijan

01/30/2014

Azerbaijan International Operating Co. (AIOC) has started oil production from the West Chirag platform in the Azeri-Chirag-Gunashli (ACG) complex of fields offshore Azerbaijan in the Caspian Sea.

Apache plans further development for active Egyptian program

01/30/2014

Apache Corp. has applied for licenses to develop two recent discoveries in the Western Desert of Egypt, where drilling now includes horizontal wells targeting conventional and unconventional resources.

Stay Connected