Category: General

Default category

Oil slips closer to $103 as supply fears recede

Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.  More »

Swaps could be next way around oil export ban

Energy companies already have found one way to export some of the crude pouring out of Texas wells, despite a longstanding ban on selling U.S. oil overseas. Now they’re looking at another strategy.  More »

New Forbes list of billionaire families ranks Duncan heirs No. 10

The heirs of Houston pipeline tycoon and philanthropist Dan Duncan rank No. 10 on a new Forbes list of billionaire families.  More »

Calpine sells six plants for $1.6 billion

Calpine Corp. closed on the sale of six power plants, the power generator said in an Securities and Exchange Commission filing today, bringing in nearly $1.6 billion.  More »

EU’s united front on Russia falling amid gas needs

A clutch of countries is breaking ranks with the EU’s efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep  More »

Macquarie fund buys terminals business in American expansion

A fund managed by Macquarie Group Ltd. agreed to take full control of a U.S. bulk liquid terminals operation for $1.03 billion in cash and stock as Australia’s largest investment bank expands its North American businesses.  More »

Industry, schools partnering to train oil field workers

Educational programs popping up in Texas, Pennsylvania and North Dakota that aim to help oil companies find enough workers to install pipeline, monitor wells and fix equipment.  More »

Fortune Global 500 list heavy on oil

Wal-Mart took the No. 1 spot on Fortune’s Gobal 500 ranking of the world’s largest companies based on revenue, but the top of the list was sloshing with oil.  More »

Oil slips below $104 as Libya set to boost exports

U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel.  More »

Change in direction leaves LNG importing units idle

From 1998 to 2008, the average annual spot price of domestic natural gas more than quadrupled, from $1.96 per million British thermal units to $7.97, and the price moved into double digits several times during that time. That is not the case now.  More »

Industry raids universities for oil engineering talent

Universities are in a constant struggle to hire and retain enough professors to keep up with surging enrollment in petroleum engineering programs nationwide.  More »

Norwegian oil services strike averted

Norway’s Industri Energi union and the oil and gas producer lobby reached an agreement on pay, averting a strike at companies including Halliburton Co., Schlumberger and Baker Hughes.  More »

Foreign investors turn eyes to ND oil patch

Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota’s oil patch that’s home to booming towns, low unemployment rates and high incomes  More »

Area biofuels company gets extension on Mississippi loan

KiOR, the Pasadena-based firm that has led efforts to develop biofuels from non-food sources but is struggling financially, has gotten an extra four months to resume payments on a loan from the state of Mississippi.  More »

Quebec town still recovering from train disaster

A year has passed since a runaway oil train slid quietly down a hill in the middle of the night and derailed in a series of explosions that obliterated a large swath of downtown Lac-Megantic, killing 47 people.  More »
Page 28 of 2,254« First...1020...2627282930...405060...Last »