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Oil pumps at the Enbridge and Enterprise Products Partners LP Jones Creek Facility. ( J. Patric Schneider / For the Chronicle )

Enterprise Products raises payouts amid oil, gas price rout

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The bigger payouts stand in stark contrast to cuts and freezes announced by other pipeline operators amid last year’s collapse in oil and natural gas prices.
Categories: Finance/Earnings
(Brent Lewin/Bloomberg)

Suncor, Canadian Oil Sands court investors as bid date nears

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Suncor has said it may walk away from the $3.1 billion bid if Canadian Oil Sands shareholders turn it down.
A Libyan rebel fighter mans a checkpoint at the entrance of the oil rich port of Ras Lanuf, some 160 kms east of Sirte, on August 26, 2011. British warplanes bombed a bunker in Moamer Kadhafi's birthplace of Sirte as rebel fighters prepared to attack the town, one of the last major regime holdouts east of Tripoli. AFP PHOTO/GIANLUIGI GUERCIA (Photo credit should read GIANLUIGI GUERCIA/AFP/Getty Images)

Libya oil guards clash with Islamic State near biggest terminal

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Libya, with Africa’s largest oil reserves, pumped about 1.6 million barrels a day of crude before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule.
Iranian women gather during a demonstration against the execution of prominent Shiite Muslim cleric Nimr al-Nimr (portrait) by Saudi authorities, at Imam Hossein Square in the capital Tehran on January 4, 2016. Tensions between Iran and its Sunni Arab neighbours reached new heights as Saudi Arabia and Gulf allies cut or downgraded diplomatic ties with Tehran in a row over the execution of a Shiite cleric. AFP PHOTO / ATTA KENAREATTA KENARE/AFP/Getty Images

Oil advances as Saudis cut ties with Iran after embassy attacked

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The Saudi government and Bahrain gave Iranian ambassadors 48 hours to leave after protesters set the Saudi embassy in Tehran on fire over the weekend following the execution of Saudi cleric Nimr al-Nimr.
Liquefied natural gas export terminals at   Cheniere Energy's Sabine Pass facility.   (Cheniere Energy photo)

First U.S. shale gas export terminal reportedly starts production

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Cheniere Energy is receiving about 50 million cubic feet of the fuel a day, chilling it into LNG at the Sabine Pass terminal and storing it in tanks before the first export, says an ING Capital official.
Categories: LNG, Natural gas
FENTON, MO - DECEMBER 30:  A Circle K gas station is completely submerged on Route 141 on December 30, 2015 in Fenton, Missouri. The St. Louis area and surrounding region are experiencing record flood crests of the Mississippi, Missouri and Meremac Rivers after days of record rainfall. (Photo by Michael B. Thomas/Getty Images)

Midwest flooding might make the oil glut worse

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The flooding is the worst since May 2011, when rising water on the Mississippi and its tributaries deluged cities, slowed barge traffic and threatened refinery and chemical operations.
A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Russia ends 2015 with weekly oil production setting a record

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Oil is poised for its biggest two-year loss on record in New York as an expansion in U.S. crude stockpiles and rising production from Russia and the Organization of Petroleum Exporting Countries exacerbate a global glut.
(Daniel Acker/Bloomberg)

U.S. steelmakers suffering amid oil price slide

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Helping explain the capacity decline is faltering demand for steel pipes and drill bits used in the energy industry after the price of oil plunged 66 percent in the past 18 months.
Categories: Crude oil
In this April 24, 2015 photo, pumpjacks work in a field near Lovington, N.M. (AP Photo/Charlie Riedel)

Oil investors suffer record second year of misery

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The North American shale and oil-sands plays have been bludgeoned by OPEC’s policy change.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Amid crude oil glut, ship owners are seeing a huge windfall

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Tanker analysts are predicting the rate boom will persist for many of the same reasons oil forecasters are bearish.
Categories: Crude oil