Category: Crude oil

Texas crude vies with Saudi Arabia for California shipments

Kinder Morgan Energy Partners LP, the pipeline operator that’s buying U.S. oil tankers, said it’s in talks to ship Texas crude to California through the Panama Canal.  More »

BP to sell off $100M turbine oils business

Even after selling off billions in assets to pay for oil spill costs, BP is still slimming down.  More »

Sanchez Energy output surges in the Eagle Ford

An oil gusher in the Eagle Ford Shale lifted Sanchez Energy’s daily production last year to seven times its level the year before, as it adopted advances like pad drilling.  More »

Oil falls below $96 as parts of U.S. set to thaw out

The price of oil inched up to around $97 a barrel Monday but gains were tempered by the prospect of a further reduction in U.S. central bank stimulus and stock market headwinds.  More »

Iran to woo oil companies with ‘sexy’ contracts, Total CEO says

Iran plans to offer oil companies improved terms to develop oil and natural gas fields once a trade embargo against the country is lifted, Total SA (FP) Chief Executive Officer Christophe de Margerie said.  More »

Oil falls for first time this week

Crude still finished the week with a gain of more than 2 percent.  More »

Oil slips to $97 after rally

The price of oil slipped back to near $97 a barrel Friday, interrupting a sustained rally on expectations for increased demand.  More »

Energy subsidies rebound to pre-financial crisis levels

Grants and tax breaks designed to lower energy production costs fell sharply after commodity prices plunged in 2008. A new report points out they have returned to levels not seen since the financial crisis, reaching up to $1.9 trillion.  More »

Pickens criticizes push to lift ban on US crude exports

T. Boone Pickens, one of the country’s biggest cheerleaders for natural gas, is unenthusiastic about the idea of removing bans of the export of crude oil, saying that the U.S. should instead focus on reducing its dependence on foreign oil, especially from the Middle East.  More »

Keystone XL helps crude prices rise

Natural gas futures shot up almost 6 percent as temperatures in many parts of the Northeast dropped.  More »

HR personnel look away: Using a service company as a stepping stone to an operator

It is highly likely that without a service company taking a chance on me, I wouldn’t be enjoying the great career in oil & gas that I’m in today. Today’s question comes from a reader who also started with a service company, but whose desired career path entails joining an operator. At what point will they be ready to make the jump?  More »

Oil above $95 as IMF raises global growth forecast

The price of oil rose Wednesday amid expectations for solid demand after the International Monetary Fund raised its growth forecasts for the world and U.S. economies.  More »