Category: Crude oil

Rep. Sturla: “I’m offended by the drillers’ actions.”

A remark by a state lawmaker is shining light on what he says is a less-discussed impact of Pennsylvania’s booming natural gas industry: the spread of sexually transmitted diseases.  More »

Back in black: Oil drilling tops gas for first time in 18 years

Natural gas drilling has been the dominant energy story in the U.S. for the past few years, but oil is back with a vengeance. For the first time in 18 years the number of oil rigs working in the U.S. has risen above the number of natural gas rigs, according to July rig data compiled […]  More »

Petrobras CFO says Brazil forces maintenance after BP spill

Brazilian regulators are forcing state-controlled Petroleo Brasileiro SA to shut production equipment more frequently for maintenance after BP Plc’s Gulf of Mexico oil spill, the company’s chief financial officer said.  More »

Swift Energy to sell interests in 9 fields, two in Texas

Oil and natural-gas producer Swift Energy Co. said today that it reached an agreement to sell its interests in nine fields to a private oil and gas company for about $53.5 million.  More »

Summer NAPE opens semi-annual marketplace for oil and gas deals

Looking for the next big play in oil and gas? Then you should be over at NAPE — formerly known as the North American Prospects Expo – which gets started today at Houston’s George R. Brown Convention Center.  More »

Shell uncertain about cause of North Sea oil spill

Royal Dutch Shell says it still does not know what caused the worst North Sea oil spill in a decade but the leak is now only pumping one barrel — or 42 gallons — of oil into the cold water per day.  More »

La. man gets prison for fraudulent BP claim

A Houma man has been sentenced to one year in prison for fraudulently receiving money from the $20 billion claims fund that BP PLC established after the Gulf of Mexico oil spill.  More »

Gulf spill report steers clear of blame

The crew of the Deepwater Horizon drilling rig failed to react to “multiple indications” of problems with BP’s Macondo well before it blew out, but divergence from industry standards and plans approved by regulators also played a role in the accident, according to a new investigation report.  More »

Oil rises on sign of better demand, weaker dollar

Oil advanced from a two-day low in New York as investors bet that shrinking fuel stockpiles in the U.S. indicate demand will increase in the world’s biggest crude- consuming nation.  More »

TransCanada touts proposed oil pipeline’s safety

A Canadian company that wants to build a massive pipeline linking Alberta’s oil sands to U.S. refineries says it would include safety measures to prevent a spill like the one that fouled the Yellowstone River last month.  More »

Venezuela, Iran seek to boost dialogue within OPEC

The presidents of Venezuela and Iran have agreed to work together within OPEC as economic concerns weigh on world oil prices.  More »

Oil falls on concern about German economy

Oil prices fell below $87 a barrel today in Asia, snapping a week of gains that were fueled by investor optimism the global economy may not slow as much as feared in the second half.  More »