Egyptian oil and gas officials touted the promise of an upcoming bid round in a visit to Houston Monday afternoon, saying that the promise of the Nile Basin, Mediterranean Sea and Red Seas could contain billions of barrels of oil. More »
The billion-dollar legal battle among three oil and gas giants – Energy Transfer Partners, Enterprise Products and Enbridge – that went to trial last week sounds like a bitter divorce case, complete with accusations of a lovers’ triangle. More »
Schlumberger finished shutting down its Iranian business in the second quarter last year after losing $69 million and facing a U.S. probe into its activities in several sanctioned countries, regulatory filings show. More »
Texas should keep a 10.2 percent to 14.1 percent cushion of electric generation capacity, according to a report Friday that will inform and probably intensify a politically charged debate over the future of the state power market. More »
The rapid growth of U.S. oil and gas production is dramatically changing trade patterns in the region, and next year’s expansion of the Panama Canal likely will prompt even more dramatic shifts, according to a new report from the U.S. Energy Information Administration. More »
With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday. More »
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