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Voters ready to respond to Keystone XL delays, API-sponsored poll finds

Apr 24, 2014

Candidates’ stances on whether to complete the proposed Keystone XL crude oil pipeline and other energy issues potentially could affect midterm congressional elections this November, a survey commissioned by the American Petroleum Institute suggested.

MARKET WATCH: NYMEX crude oil prices drop on high inventory numbers

Apr 24, 2014

Crude oil futures prices dropped modestly on the New York market on Apr. 23 following the release of a government report showing the highest oil inventory since the US Energy Information Administration began issuing weekly reports in August 1982.

Full set of tools needed for US Arctic spill response, NRC finds

Apr 23, 2014

A full slate of response tools will be needed to address crude oil spills in the US Arctic, but not all of those tools are readily available, the National Research Council said in a new report.

Nexen names chief executive officer

Apr 23, 2014

Nexen Energy ULC, a wholly owned subsidiary of CNOOC Ltd., has selected Fang Zhi as chief executive officer. He succeeds Kevin Reinhart, a 20-year company veteran who oversaw the acquisition of Nexen by CNOOC.

Hess to sell Thailand assets for $1 billion

Apr 23, 2014

Hess Corp. has sold its interests in Tailand’s Sinphuhorm and Pailin fields to PTT Exploration & Production PCL (PTTEP) for $1 billion, effective July 1, 2013.

MARKET WATCH: US oil futures fall more than $2/bbl awaiting inventory report

Apr 23, 2014

Crude oil futures fell more than $2/bbl on the New York market during Apr. 22 trading while analysts awaited the Apr. 23 release of a weekly US government inventory report, which showed another rise in oil supply as they had anticipated.

Moore named Gulfport Energy chief executive

Apr 23, 2014

Michael G. Moore has been named chief executive officer and a director of Gulfport Energy Corp., Oklahoma City. He had been interim chief executive and chief financial officer. He joined Gulfport Energy in 2000 and became president in August 2013.

Turkey, Gazprom mull Blue Stream capacity increase

Apr 22, 2014

Turkey and OAO Gazprom have discussed a possible increase in natural gas capacity of the Blue Stream gas pipeline to 19 billion cu m/year from 16 bcm/year. Blue Stream, which extends through the Black Sea, handles more than half of all gas purchased by Turkey from Russia.


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