Encana will close its office in Plano, Texas, and spin off a large portion of its Alberta assets into a new public company.
U.S. District Judge Williams Smith was forced to resentence Southern Union Co. after the U.S. Supreme Court struck down his original penalty of $18 million. More »
Oil companies are rapidly cutting their costs as they produce at higher rates in the United States, with output likely to continue growing as long as oil prices stay above $40 a barrel. More »
The Ukrainian government signed a production-sharing agreement with Chevron for extraction of shale gas in the Oleske field, Energy Minister Eduard Stavytskyi said today at a press conference in Kiev. More »
When the newly widened Panama Canal opens in 2015, it will handle an estimated 12 million metric tons of liquefied natural gas annually, a cargo planners didn’t even envision when starting the $5.25 billion expansion in 2007.
Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production. More »
A former head of Iran’s central bank was elected Sunday to head a 13-nation bloc of gas-producing countries as Tehran looks beyond its sanctions-hit crude oil sales to bring in vital revenue and explore new energy markets. More »
The line above is (mostly) taken from the poem by Samuel Taylor Coleridge, ‘The Rime of the Ancient Mariner‘. It seemed relevant when addressing the issue of water usage in hydraulic fracturing, as the poem provokes a similar range of emotions – from horror to incredulity to fascination. I haven’t set out to validate or vilify […] More »
China practically dominates the energy news of the day. The long-term effects will be far wider than the stories now fixating the American public. Last month the big news coming out of China’s Oil Patch was Beijing’s startling, if not long overdue, corruption allegations against one of its state-owned oil majors, CNPC, with corresponding executive resignations, and potential fall-out for more of the same. More »
Phillips 66 is planning to build a liquefied petroleum gas export terminal in Freeport, Texas, a $1 billion push to tap international markets for refined products including butane and propane. More »
Erratic natural gas prices and fierce competition are forcing companies to work more efficiently and to innovate. More »
Oil ended the week down $2.96 a barrel, or 2.9 percent, largely due to concerns among traders that the market is oversupplied.