Royal Dutch Shell PLC says it has shut down a pipeline in Nigeria’s oil-rich southern delta after finding leaks it blamed on oil thieves. More »
NuStar Energy LP said it will boost its investment in the Eagle Ford Shale and sell its San Antonio refinery as part of a plan to focus on more stable operations. More »
U.S. energy stocks were sharply lower Wednesday after President Barack Obama secured re-election to a second term in the White House. More »
A unit of valve and pipeline component maker Circor International Inc. has moved its offices from Oklahoma City to Houston as it seeks to make further inroads in the energy sector. More »
Master limited partnerships, an increasingly popular structure for investment in energy assets, offer higher potential returns but lower investor protections than other publicly traded mechanisms, Moody’s reports. More »
As profits grow on rising domestic energy production, the pipeline and storage company announced the launch of an expanded crude storage facility in Harris County Thursday. More »
The teams start rolling out before daybreak, a rumbling cacophony orchestrated under floodlights and black skies. More »
TransCanada Corp. (TRP), facing opposition from campaigners including actress Daryl Hannah to its planned Keystone XL oil pipeline, will be audited by Canadian regulators to check whether it meets safety and management standards. More »
A jury can decide if Pacific Gas & Electric Co. should pay victims of the deadly San Bruno pipeline blast punitive damages in civil court, a Northern California judge ruled Tuesday. More »
British oil giant BP said Tuesday it is unsure whether it will be able to reach a settlement with the U.S. Justice Department over fines and penalties related to the 2010 Gulf of Mexico oil spill as it reported its third-quarter profit rose more than 5 percent despite a drop in revenue due in part to lower production of oil and gas. More »
Gazprom plans to build a 2,000-mile pipeline linking the field with Russia’s Pacific port of Vladivostok. More »
The stake would be the largest taken by a Chinese company in a Canadian pipeline. More »
For more than a month, a group calling itself Tar Sands Blockade has embarked on the most aggressive effort yet to stop work on the southern portion of TransCanada’s Keystone XL pipeline.
A pipeline subsidiary of Marathon Petroleum Corp. rose in its stock market debut after raising $380.6 million in an initial public offering of its units.
The argument is familiar to just about every American by now: The United States needs to import more Canadian crude oil to secure its energy independence, and building the proposed Keystone XL import pipeline is critical to accomplishing that goal. More »