Enbridge, Enterprise denied market rates on Seaway pipeline
The U.S. Federal Energy Regulatory Commission denied Enterprise Product Partners LP (EPD) and Enbridge Inc. (ENB)’s request to set rates on the Seaway pipeline connecting an oil-storage hub in Oklahoma to U.S. Gulf Coast refineries. More »
Carl Icahn wins CVR Energy after $2.6 billion offer
Billionaire Carl Icahn won the right to buy oil refiner CVR Energy Inc. (CVI) after a majority of shareholders agreed to sell their stakes to him in an offer that values the company at $2.6 billion. More »
Record gas use by U.S. utilities fails to drive up price
U.S. utilities led by Southern Co. (SO) are burning a record amount of natural gas for generating electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows. More »
Total ‘on track’ to begin Elgin well operation within days
Total SA (FP), Europe’s third-largest oil producer, said it’s “on track” to begin a well intervention operation to plug a North Sea gas leak in the coming days. More »
New Keystone bid gives GOP political ’ammunition’
TransCanada Corp. (TRP) has reapplied to build the Keystone XL oil pipeline, inserting a project that is strongly opposed by environmental groups into the November U.S. presidential election. More »
BP Gulf spill judge orders Jan. 14 trial on U.S. claims
The judge presiding over the BP Plc litigation tied to the 2010 Gulf of Mexico oil spill set a Jan. 14 trial date to determine fault for the sinking of the Deepwater Horizon drilling rig and resulting undersea leak. More »
McClendon used Wachovia in personal sale after Chesapeake
Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon agreed to sell $88 million of his personal oil and gas interests to investment vehicles created by Wachovia Corp. three weeks after his company used the bank in a similar $600 million deal, a court filing shows. More »
Fracking fluids may migrate to aquifers, researcher says
Chemically treated drilling fluid can migrate through thousands of feet of rock and endanger water supplies, said a hydrologist whose research calls into question the safety of hydraulic fracturing for natural gas. More »
Chesapeake alone forecasts gas rally for recovery
Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon is banking his turnaround of the industry’s biggest debtor on a rebound in natural-gas prices that no Wall Street analysts tracked by Bloomberg expect will happen. More »
BP oil spill judge tentatively approves $7.8 billion pact
BP Plc (BP/) and lawyers suing the company won preliminary approval of their proposed settlement of claims over the 2010 Gulf of Mexico oil spill. More »
BP spill trial shouldn’t be delayed by accord, U.S. tells judge
The U.S. government said the trial over fault for the 2010 BP Plc (BP/) Gulf of Mexico oil spill shouldn’t be delayed until after a proposed November hearing on a settlement of most private-party claims. More »
Kinder Morgan purchase of El Paso cleared with conditions
The settlement requires Kinder Morgan to divest its Rockies Express, Kinder Morgan Interstate Gas Transmission and Trailblazer pipelines, in addition to two gas processing plants in the Rocky Mountain region, More »
Follow Us:
© 2013 Hearst Communications Inc.