Platts retains energy trader confidence amid price-fix probe
Traders are standing by Platts, the company that provides benchmark prices for much of the world’s energy products, amid a European probe into market manipulation. More »
Pickens buys Apache, Goodrich shares in first quarter
Pickens’ BP Capital Management bought almost 125,000 shares of Apache valued at $9.6 million. More »
Quebec proposes law to ban fracking
Quebec Environment Minister Yves- Francois Blanchet introduced legislation that would ban hydraulic fracturing, drilling and testing for natural gas in the St. Lawrence River valley for as long as five years. More »
Anadarko’s Walker named chairman as Hackett’s reign ends
As Anadarko Petroleum Corp. (APC) Chairman Jim Hackett steps down and heads off to Harvard Divinity School, Chief Executive Officer Al Walker’s biggest challenge is convincing investors nothing will change at the $45 billion global oil explorer. More »
BHP targets 18% capital spending cut in 2014
BHP Billiton Ltd., the world’s largest mining company, is targeting an 18 percent cut to capital spending in fiscal 2014 as part of an industry-wide drive to boost returns from investment. More »
Anadarko may have Mozambique stake sale deal in coming weeks
Anadarko Petroleum Corp., the second- largest U.S. independent oil and natural gas producer by market value, may have an agreement in the coming weeks to sell a stake in a drilling prospect off the coast of Mozambique. More »
IEA sees U.S. oil shockwaves ousting OPEC as supply driver
The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, the IEA said. More »
Gasoline rises most in three months at U.S. pumps
Retail gasoline in the U.S. rose the most since February in the past week after crude costs increased and refinery outages on the West Coast disrupted supplies. More »
BP plans to start drilling program off Australia in 2015-2016
BP Plc (BP/), Europe’s second-largest oil company, expects to start its proposed deep-water drilling campaign off southern Australia in late 2015 or early 2016 and to obtain a drilling rig before the end of this year. More »
Pipelines spill three times as much oil as trains
Pipelines in North America spilled three times as much crude oil as trains for comparative distances over an eight-year period, the International Energy Agency said today in a study it based on U.S. Department of Transportation data. More »
Hess to add two Elliott directors if company slate elected
Hess Corp. will add two directors from dissident shareholder Elliott Management Corp.’s board nominees if the company’s five candidates are elected on May 16, calling it a “resolution to end” a divisive proxy contest. More »
Ted Turner taking coal funds to create solar odd couple
They’re unlikely business partners: a billionaire environmentalist and one of the largest coal-burners in the U.S. More »
Follow Us:
© 2013 Hearst Communications Inc.