A contractor with Michels Corp. carries pieces of wood used to prop up sections of pipeline as they are assembled during construction of the Flanagan South crude oil pipeline outside Goodfield, Illinois, U.S., on Tuesday, Oct. 8, 2013. The approximately 600-mile, 36-inch crude oil pipeline is being constructed by Enbridge Energy Co., Inc., a subsidiary of Enbridge Inc., CanadaÕs largest oil transporter, and will originate in Flanagan, Illinois and terminate in Cushing, Oklahoma. (Daniel Acker/Bloomberg)

Enbridge will shift Canadian pipelines, wind projects in $15.2 billion restructuring

on
Calgary, Alberta-based Enbridge will move its Canadian liquids pipeline business and four wind projects into its affiliated Enbridge Income Fund. In exchange, the income fund will pay its parent companies C$18.7 billion ($15.2 billion) and take on C$11.7 billion ($9.53 billion) in debt.
(David Paul Morris/Bloomberg)

Kinder Morgan will fight Georgia regulator’s Palmetto denial

on
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.
The capping stack -- part of Shell's "Arctic Containment System" for a blown-out well -- is tested in waters near Washington state. Here, it is lifted by an A-frame before being lowered 150 feet into the water. (Photo: Bureau of Safety and Environmental Enforcement)

Feds say Shell completed test for blown-out well response ahead of Arctic drilling

on
The exercises, conducted Tuesday and Wednesday in waters near Washington state, focused on Shell’s capping stack, designed to sit atop a damaged well and choke off flowing oil and gas.
Refineries expanding for the first time in years run the risk of cost overruns because they lack the in-house experience to manage the projects.

PBF Energy snaps up Gulf Coast refinery for $322 million

on
PBF Energy on Thursday announced plans to spend $322 million to buy a refinery and pipelines outside of New Orleans in a deal that gives the company a new footprint in the booming Gulf Coast refining corridor.
(Lucas Schifres/Bloomberg)

Natural gas futures fall despite bullish inventory news

on
The U.S. Energy Information Administration reported that U.S. storage grew by 89 billion cubic feet during the week ending June 12, to a total of 2.43 trillion cubic feet.
Categories: Natural gas
(AP Photo/Chris Carlson)

NRG spinoff buys into giant California solar farm

on
A spinoff of NRG Energy is buying 25 percent interest in the massive new Desert Sunlight Solar Farm in southern California for $285 million.
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

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

on
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

on
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.
Rich Kinder, left, chairman and CEO of Kinder Morgan. (Melissa Phillip/Houston Chronicle)

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

on
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

on
More than 20,000 oil and gas workers in Norway have been cut since the beginning of 2014.