Petrobras said to struggle pumping oil at Brazil’s largest prospect
Petroleo Brasileiro SA (PBR) is finding it hard to pump oil at one of Brazil’s largest prospects, three people with knowledge of the project said, signaling its venture with BG Group Plc (BG/) and Galp Energia SGPS SA may have higher costs or slower development than at other offshore fields. More »
U.S. gasoline jumps over past two weeks
The average price for regular gasoline at U.S. pumps rose 11.19 cents a gallon in the past two weeks to $3.6566 a gallon, according to Lundberg Survey Inc. More »
Enbridge Energy cleans up 2,500-barrel crude leak at Cushing terminal
Oil leaked from a trunk line connected to a tank on the property, then flowed outside of a berm into a containment pond, according to a National Response Center filing. More »
Apache CEO compensation target reduced
The target bonus for Chief Executive Officer Steve Farris was reduced to 150 percent of base salary from 200 percent, the Houston-based company said in a regulatory filing Friday. More »
Total looks to boost number of discoveries
Total SA plans to drill more than 60 wells this year as the third-biggest European oil company seeks to increase the size of its discoveries and expand output. More »
Natural gas to remain below $4, energy executives say in survey
Natural gas will trade below $4 per million British thermal units for the rest of the year, according to a KPMG LLP Global Energy Institute survey of U.S. energy executives. More »
Chevron says shale to help make Argentina energy independent
Chevron Corp. (CVX), the second-biggest U.S. oil company, said it’s preparing an investment that will help make the country energy independent by developing what could be the world’s second-largest shale oil reservoir. More »
Africa’s strongest crane gets to grips with Angola oil projects
Workers in Angola are completing construction of the strongest crane in Africa that will be used at offshore projects for Chevron Corp. (CVX), Total SA (FP), and SBM Offshore NV. (SBMO) More »
Third U.S. House committee approves Keystone XL pipeline
The House Transportation Committee approved a measure that would allow construction of the Keystone XL pipeline without action by President Barack Obama, the third panel to push the pipeline bill this year. More »
Hess ends proxy fight by agreeing to add 3 board members
Hess Corp. reached an agreement with billionaire Paul Singer’s Elliott Management Corp. to end a four-month proxy battle, adding three of five board members nominated by the activist shareholder. More »
Shell may export U.S. LNG or turn gas to motor fuel, chemicals
Royal Dutch Shell Plc (RDSA) may export U.S. natural gas in liquid form, convert it into chemicals or build a gas-to-liquids plant to produce fuel, said the company’s country chairman for Dubai and the northern emirates. More »
Harper seeks to build Keystone XL support on U.S. visit
Prime Minister Stephen Harper is seeking to counter opposition to TransCanada Corp. (TRP)’s Keystone XL pipeline, a project crucial for boosting Canada’s economy and Harper’s plans to make the country an energy superpower to rival Saudi Arabia. More »
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