World’s 3 biggest shipping operators unite
Danish shipping and oil group A.P. Moller-Maersk says the world’s three biggest shipping container operators have entered an alliance to reduce fuel consumption and improve service and operations. More »
Preparing for hurricanes, 1,200 miles away from the Gulf
One thousand miles away from the Gulf of Mexico, scientists and government officials will be huddling on June 27 to strategize ways to safeguard offshore oil platforms and pipelines when hurricanes bear down on the infrastructure. More »
Keystone XL pipeline shuns high-tech oil spill detectors
TransCanada Corp. (TRP), which says Keystone XL will be the safest pipeline ever built, isn’t planning to use infrared sensors or fiber-optic cables to detect spills along the system’s 2,000-mile (3,200-kilometer) path to Texas refineries from fields in Alberta. More »
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Alberta’s oil sands raise flaring emissions as rules lag
In the farming country of northwest Alberta, heavy oil wells are becoming more common than cattle and combines. Along with money and jobs, the boom has brought smells and fumes that are adding to the greenhouse gas emissions from Canada’s oil sands. More »
Colleges plan training for gas drilling jobs
Two colleges in southern Illinois have announced a cooperative agreement to provide training in the emerging field of high-volume oil and gas drilling. More »
Firm to pay $35,000 for sprayed fracking fluid
A company whose oil well sprayed out 84,000 gallons of hydraulic fracturing flowback water in February has agreed to pay $35,000. More »
As U.S. production soars, oil companies eye far horizons
Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from shale plays, new frontiers for exploration are taking drillers, engineers, geologists and services firms to Brazil, the Arctic, Africa, Australia and parts of the Middle East and Asia. More »
Houston firm to buy Tesoro’s Hawaii refinery
Houston-based Par Petroleum Corp. will pay Tesoro $75 million, plus working capital of $225 million to $275 million, for the 94,000-barrel-a-day refinery in Kapolei, Hawaii. The deal includes the purchase of retail stores and associated logistics. More »
Emcor to buy RepConStrickland for $455 million
Emcor said Monday it would pay cash to purchase the privately held Texas-based firm, whose majority shareholder is an affiliate of the private equity fund ArcLight Capital Partners. More »
EP Energy agrees to sell $1.3 billion of assets to three buyers
EP Energy LLC, the production and exploration unit formed when Apollo Global Management LLC bought El Paso Corp.’s oil and gas operations last year, agreed to sell $1.3 billion of assets in three deals. More »
Natural gas liquids pipelines begin service to Gulf Coast
Two natural gas liquids pipelines covering more than 1,500 miles have begun service to the Gulf Coast. More »
Carrizo hikes oil production plan as Eagle Ford booms
CEO Chip Johnson said the company is aggressively pursuing more opportunities to expand its acreage in south Texas and it is planning to start drilling its first well in the Utica shale in Ohio next month. More »
*2013 and 2014 are projections
Source: Energy Information Administration
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