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.
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 »
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.
U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel.
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 »
Universities are in a constant struggle to hire and retain enough professors to keep up with surging enrollment in petroleum engineering programs nationwide.
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 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 »
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 »
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 »
The Bureau of Land Management concluded in an environmental analysis in February that energy exploration resulting from the sale of the leases would have little or no impact across about 270 square miles of central Nevada’s Lander, Nye and Esmeralda counties. More »
Trains will roll all month out of the Permian Basin, the largest onshore U.S. oil field, as production outpaces pipeline capacity and a refinery outage saps demand. More »
Fourth of July gasoline price news depends on how you view it. More »
The price people pay for always-on, around-the-clock Internet connections with modems, cell phones and laptops may be higher than they think. More »
The dilemma is one I hear often from young professional engineers in the oil & gas industry: should I pursue a technical track or a managerial track, and should I pursue either with an operator or a service company? More »