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.
Sectarian violence in Iraq probably won’t affect credit ratings of major oil companies operating there, Moody’s Investors Services predicts. More »
U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel.
Universities are in a constant struggle to hire and retain enough professors to keep up with surging enrollment in petroleum engineering programs nationwide.
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 »
U.S. crude for August delivery fell 42 cents to $104.06 a barrel. More »
A recent surge in central Oklahoma earthquakes is likely linked to the disposal of oil and gas wastewater in a handful of high-volume underground wells in the state, according to research released Thursday. 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 »
Enterprise Products Partners said Thursday it has constructed a 512-mile twin to its Seaway crude pipeline running from the oil-tank hub in Cushing, Okla. to the storage units on the Gulf Coast, about 60 miles south of Houston. 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 »
Two Democratic senators are challenging the Obama administration’s decision to allow a pair of Texas companies to sell barely processed ultra-light oil overseas, suggesting that the rulings run afoul of the decades-long ban on exporting U.S. crude. More »