(AP Photo/Mikhail Metzel)

BP to pay Rosneft $750 million for part of Siberian oilfield

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Europe’s two biggest oil companies are looking for increased access to Russia’s vast energy reserves and their proximity to the markets of China and Japan
Categories: Crude oil, Deals
(David Paul Morris/Bloomberg)

Kinder Morgan will fight Georgia regulator’s Palmetto denial

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In a court filing submitted Wednesday, Houston-based pipeline giant Kinder Morgan argues that the Georgia Department of Transportation used an improper process and came to the wrong conclusion when it denied the Palmetto Pipeline a certificate of public convenience and necessity — a critical permit which allows the pipeline to secure its route.
Texas Oil Companies Work To Adapt To Falling Oil Prices

Fees for oil field drillers plummeted amid the crude crash, federal data shows

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The Bureau of Labor Statistics Producer Price Index that tracks the costs oil and natural gas firms are receiving for goods and services found that drilling rates, which represent service fees for contractors to drill oil and gas wells, dipped by 19.6 percent from June 2014 to May 2015. Oil and gas prices measured by the Producer Price Index fell by 49 percent during the same timeframe.
Noble Energy hunts for oil offshore Israel in the Tamar field. The Houston-based oil company has stalled its Israel investments after a dispute with the country's anti-trust regulators. (Noble Energy)

Noble outflanked a pair of rivals to secure Rosetta deal, docs show

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Noble Energy outbid at least two other companies interested in buying Rosetta Resources by sweetening its offer and agreeing to pay a higher premium for the smaller independent producer than the other firms were willing to spend, newly released regulatory filings reveal.
An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Ending oil export ban could help little guys, too, small businesses tell House committee

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Large oil producers have dominated the campaign for crude exports so far, but on Wednesday, the spotlight was on small businesses who want those overseas oil sales.
Rich Kinder, left, chairman and CEO of Kinder Morgan. (Melissa Phillip/Houston Chronicle)

Kinder Morgan looks to sign producers to Ohio-Texas NGL pipeline

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The proposed line, called Utica Marcellus Texas Pipeline, will carry natural gas liquids from the rich shale plays of Ohio region to the processing centers along the Gulf Coast.
(Kristian Helgesen/Bloomberg)

NOV cuts 1,500 jobs in Norway amid crude crunch

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More than 20,000 oil and gas workers in Norway have been cut since the beginning of 2014.
(Photographer: Ty Wright/Bloomberg)

Rising gasoline supply is weighing down crude

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Crude oil futures swung between a gain and a loss Wednesday to settle at about even, after weekly inventory data showed a small build in gasoline inventories.
FILE- In this June 4, 2010 file photo, a worker picks up blobs of oil with absorbent snare on Queen Bess Island at the mouth of Barataria Bay near the Gulf of Mexico in Plaquemines Parish, La. U.S. District Judge Carl Barbier ruled Thursday, Sept. 4, 2014, in New Orleans, La., that BP acted recklessly and bears most of the responsibility for the oil spill. The ruling exposes BP to about $18 million in civil fines under the Clean Water Act.  (AP Photo/Gerald Herbert, File)

Oil spill settlement boss says claim centers closing this week

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The Louisiana attorney running BP’s oil spill settlement program says the 10 offices where Gulf Coast residents would file damage claims will close on Friday after a three-year run.
Workers remove the drill pipe on the drilling floor of Development Driller III, which drilled the relief well and pumped the cement to seal the Macondo well, the source of the Deepwater Horizon rig explosion and oil spill, in the Gulf Of Mexico, off the coast of Louisiana, Saturday, Sept. 18, 2010. (AP Photo/Gerald Herbert)

Energen taps capital markets for $405 million to boost drilling

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Energen’s public offering of 5.7 million shares makes it the 30th North American oil company to raise funds from the public equity markets in 2015, bringing the oil-exploration sector’s take to about $13.7 billion so far this year.