In a sea of valid facts and concerns coming from both the “pro” and “anti” hydraulic fracturing groups, I think we can all agree that in contrast celebrities provide the LEAST reliable frame of reference from which to carry on the discussion and create nothing but “noise” that prevents real progress from being made. More »
BP Plc (BP/), Europe’s second-largest oil company, signed a deal for a third block in the South China Sea with Cnooc Ltd. (883), the country’s biggest offshore explorer. More »
A Houston-based oil and gas partnership is building out its portfolio with properties in the Permian Basin, East Texas and the Rockies that it is buying for roughly $600 million. More »
Gasoline prices surged across the country over the last week, jumping especially high in Houston as crude oil prices soared. More »
Exxon Mobil Corp (XOM). is so confident of prospects in the unexplored Black Sea it will spend $735 million to drill just two deep-water wells off Ukraine’s coast. More »
Chevron expects a weaker second quarter performance, driven by lower oil prices and lower international oil production for the second quarter, a result of maintenance and turnaround activity, the company said in an interim update issued Thursday morning.
Oil supply will outstrip an acceleration in demand growth next year as production outside of OPEC expands at the fastest pace in 20 years, the International Energy Agency predicted. More »
A blockage of Egypt’s Suez Canal or at a crude pipeline linking the Red Sea and Mediterranean may cause oil prices to rise even as alternative transit routes help maintain supplies, the International Energy Agency said. More »
We all know oil production in Texas has suddenly soared. But putting the rise in graphic form shows just how phenomenal the energy turnaround has been. More »
Rail shipments of oil and petroleum products jumped 48 percent in the first half of 2013, but the pace of crude-by-rail growth is slowing, according to an analysis from the U.S. Energy Information Administration.
Rio Oil and Gas launches with $300 million in capital to buy and develop oil and gas assets. More »
The Organization of Petroleum Exporting Countries forecast the world will need less of its crude next year, even as global oil demand growth rebounds to its strongest pace since 2010, amid competing supply sources. More »