Korea Gas, Shell start discussions on Canada LNG project
Royal Dutch Shell Plc (RDSA) and three Asian partners will jointly develop a liquefied natural gas export project in Canada’s British Columbia province and are in talks with local communities to win their support. More »
Petrobras returns unit to service at Pasadena refinery
Petroleo Brasileiro SA (PETR4)’s Pasadena, Texas, refinery’s fluid catalytic cracker is back in service after it was shut down over the weekend following a power failure. More »
Anadarko was part of $25 billion scheme, U.S. says
Anadarko Petroleum Corp. (APC)’s Kerr-McGee Corp. faces testimony from more than 50 witnesses in a trial starting today over an alleged scheme that enriched the company by $25 billion while polluting sites from New York to New Mexico. More »
ConocoPhillips interested in more Australia shale investment
ConocoPhillips (COP), the third-largest U.S. oil company, said it’s interested in further shale investments in Australia following a partnership last year with Perth-based New Standard Energy Ltd. More »
Chevron has some claims dismissed by judge in Ecuador litigation
Chevron Corp. (CVX)’s lawsuit claiming attorneys for Ecuadorean plaintiffs in a pollution case conspired to fabricate evidence was narrowed by a federal judge in New York. More »
Concho Resources buys $1 billion energy assets from Three Rivers
Concho Resources Inc., a U.S. oil and natural gas developer, agreed to buy all of closely held Three Rivers Operating Co.’s oil and gas assets for $1 billion in cash to expand its operations in Texas. More »
Chesapeake’s $3 billion lifeline heaps pressure on McClendon
Chesapeake Energy Corp. (CHK)’s $3 billion lifeline from New York banks increases the pressure on Chief Executive Officer Aubrey McClendon to sell Texas oilfields and find deep-pocketed drilling partners. More »
Shale may double Australia’s gas resources, Ferguson Says
Australia is likely to possess vast areas of shale that may double the country’s gas resources, according to a report released today by Resources and Energy Minister Martin Ferguson. More »
Tesla to begin repaying U.S. loans by end of this year
Tesla Motors Inc. (TSLA), the electric-car company led by Elon Musk, is using the last of its $465 million in U.S. loans and plans to start repaying them by the end of the year, the first startup to fulfill requirements of the criticized program. More »
Cobalt remains committed to Angola after minister’s comments
Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc., says it’s committed to developing oil prospects in Angola’s pre-salt basin after the government said it was free to leave. More »
OPEC boosts oil production for seventh month on Iraq
OPEC boosted crude production for a seventh month in April as Iraq, Nigeria and Libya raised output, according to the International Energy Agency. More »
NRC reviews allegations in Texas after Markey seeks probe
The Nuclear Regulatory Commission is reviewing allegations of retaliation against agency staff who raised safety concerns about a Nebraska power plant, which prompted a U.S. lawmaker to demand an investigation. More »
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