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Statoil expanding project that captures flare gas in North Dakota

Sep 12, 2014

Statoil ASA says a pilot project that captures flare gas in North Dakota is expanding to power six drilling rigs and a hydraulic fracturing fleet.

Roc Oil approves Fosun takeover bid

Sep 12, 2014

After the failure of the proposed Roc Oil-Horizon Oil merger, the board of Roc Oil Ltd., Sydney, has unanimously voted to accept the most recent $474 million (Aus.) all-cash takeover offer by Chinese combine Fosun International Group.

EIA: Natural gas storage deficit to 5-year average is narrowing

Sep 12, 2014

Natural gas storage injections continued to outpace the 5-year (2009-13) average, with inventories as of Sept. 5 at 2.80 tcf, according to data from the Weekly Natural Gas Storage Report (WNGSR) by the US Energy Information Administration.

MARKET WATCH: Oil prices rebound briefly pending more sanctions against Russia

Sep 12, 2014

Oil prices rebounded by more than $1/bbl on the New York market on Sept. 11 in a second consecutive week for roller-coaster energy prices as traders reacted to various revised forecasts this week calling for slower 2014-15 global oil demand growth than previously anticipated.

Wintershall to acquire interests off Norway

Sep 12, 2014

Wintershall has agreed to acquire a package of production, development, and pipeline interests offshore Norway from Statoil for $1.25 billion.

Linn completes acquisition of Pioneer’s Hugoton assets

Sep 11, 2014

Linn Energy LLC, Houston, has closed on its purchase of Hugoton field assets in Kansas from Pioneer Natural Resources Co., Dallas, for cash proceeds of $340 million.

Keep partisan politics out of biofuel mandates, API tells White House

Sep 11, 2014

The White House should stay away from partisan politics as its Office of Management and Budget reviews the US Environmental Protection Agency proposed 2014 biofuel quotas under the Renewable Fuels Standard, an American Petroleum Institute official said.

Eni acquisition of Nigerian stake probed

Sep 11, 2014

Eni said it is cooperating with authorities in Milan investigating its 2011 acquisition of an interest in a block offshore Nigeria from a Shell subsidiary.


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