Kinder Morgan considers pipeline to California
The Freedom pipeline may be in service in 2016. More »
FDR grandson digs deep for Texas oil with CO2
Elliott Roosevelt Jr., a grandson of U.S. President Franklin Delano Roosevelt, grins and leans toward visitors in his Dallas office to describe his biggest discovery in 53 years as an oilman. More »
Newfield has ‘largest’ success in discovery off Malaysia
Newfield estimates there are 1.5 trillion to 3 trillion cubic feet of gas initially in place after its discovery. More »
Crude stockpiles surge to 22-year high
U.S. crude oil inventories climbed to the highest level in more than 22 years last week as production surged and refineries wrapped up annual maintenance programs, a Bloomberg survey showed. More »
China to surpass US as top crude importer, OPEC says
China’s growing refining capacity will boost its demand for oil as America’s fracking boom cuts the need for foreign oil, OPEC said today. More »
Shell to invest in energy technology companies with new venture
Royal Dutch Shell Plc (RDSA), Europe’s largest energy producer, set up a venture to invest in technology companies and venture-capital funds as oil and gas extraction becomes more costly and complex. More »
Exxon developing excavation plan for Pegasus oil pipeline spill
Exxon Mobil Corp. (XOM) is developing an excavation and removal plan for a damaged section of its 96,000 barrel-a-day Pegasus crude pipeline, which was shut after a leak was discovered in Arkansas on March 29. More »
India opens shale oil and gas for production
India will allow explorers, including Oil & Natural Gas Corp. and Reliance Industries Ltd., to produce shale oil and gas for the first time as Asia’s second-biggest energy consumer seeks to cut reliance on imports. More »
Bahrain seeks more gas as it plans first LNG unit
Bahrain plans to boost output of natural gas by tapping deep reserves and build a terminal to import liquefied gas, the head of its state-owned energy investment holding company said. More »
Japan to start world’s first LNG futures
Japan, the biggest buyer of liquefied natural gas, plans to list the world’s first futures contract for the supercooled fuel on the Tokyo Commodity Exchange within two years. More »
Exxon to excavate Pegasus crude pipeline to find cause of leak
About 12,000 barrels of oil and water have been collected so far near Mayflower, Arkansas, after “a few thousand barrels were observed in the area,” the Mayflower Incident Unified Command Joint Information Center, which includes Exxon, Faulkner County and the city of Mayflower, said in a statement Sunday. More »
Chesapeake names interim CEO
Chesapeake Energy Corp. picked Chief Operating Officer Steven C. Dixon to be interim chief executive as co-founder Aubrey K. McClendon steps down from the natural gas explorer he led for almost a quarter century.
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