Arkansas-based Murphy Oil Corp. will sell a 30 percent stake in its Malyasian oil and gas assets for $2 billion to Pertamina, Indonesia’s state-owned oil and gas company, Murphy announced announced Tuesday morning. More »
A tanker full of Alaskan crude is now heading to South Korea, courtesy of an exception in the 39-year-old law that blocks most U.S oil from being sold overseas. The shipment is the first of its kind in a decade. More »
General Electric’s new high-efficiency gas turbines, fired at temperatures 200 degrees hotter than an erupting volcano, will see their U.S. debut at two gas power plants near Houston and Dallas. More »
Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday. More »
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