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Apache unsure of extensions for some Egypt acreage

Egypt’s military removed the country’s president from power in July.
Categories: Middle East

Spectra rejects Sandell call to sell Canadian pipes, DCP stake

Spectra Energy Corp. doesn’t see a benefit in selling or spinning off its Western Canadian pipelines or its interest in DCP Midstream LLC, Chief Executive Officer Greg Ebel said today.
(Photo: Loozrboy/Flickr)

TransCanada to face hurdles in quest for eastern pipeline

TransCanada Corp., (TRP) facing opposition to its Keystone XL pipeline in the midwestern U.S., is encountering challenges at home from environmental groups and provincial lawmakers over a proposed C$12 billion ($11.6 billion) line to ship oil to the Atlantic Coast.
China National Petroleum Co. (Photo: Flickr)

China’s CNPC seen tapping Exxon-Rosneft assets

China National Petroleum Corp. already spent more money this year on energy assets than any other global producer. Oil and gas fields controlled by Exxon Mobil Corp. (XOM) and Russia’s OAO Rosneft may be next on the list.
Categories: Crude oil, Natural gas
(Photo: Frontline Ltd. via Bloomberg)

Tanker-rate slump signals retreat in U.S. oil imports

The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for shares of Frontline Ltd. (FRO), whose ships haul almost enough crude to meet daily world demand.
Categories: Crude oil

Shell wins ruling on Arctic oil spill plans

The Interior Department’s approval process wasn’t flawed, a U.S. district judge ruled
Categories: Arctic
(AP Photo/Brennan Linsley)

Shale explorers outperforming international oil titans

Oil explorers focused on high-margin shale drilling from Texas to North Dakota are set to outperform Big Oil this year.
Money Roll

FERC seeks $28M penalty from BP over natural gas prices

Federal energy regulators proposed a $28 million civil penalty against BP Plc for allegedly manipulating natural gas prices in Houston five years ago.
Protestors scale a shale gas rig at Banks, near Southport, England bringing a halt to work at the Cuadrilla Resources site Wednesday  Nov. 2 , 2011.  Cuadrilla Resources, which is drilling for gas in northwestern England, said Wednesday that independent experts concluded that the tremors were due to an unusual combination of geology and operations, and were unlikely to happen again. The company said local geology would limit any future seismic events to around magnitude 3 on the Richter scale. The tremor on April 1 measured 2.3 on the Richter scale.  Local campaigners have mounted a "Frack Off" campaign to oppose the drilling technique that cracks open rock layers to free natural gas.  (AP Photo/Peter Byrne/PA)

U.K. minister sees fracking sites in southern England, Mail says

Michael Fallon, the U.K. junior energy minister with responsibility for fracking, said southern England contains deposits that might produce natural gas, the Mail on Sunday reported.
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

BP says loss on spill appeal could scuttle settlement

The oil company is appealing a ruling by U.S. District Judge Carl Barbier.
Categories: Gulf oil spill