India Group said top bid for $6 billion Mozambique gas
State-backed Oil & Natural Gas Corp. (ONGC) and Oil India Ltd. (OINL) are the leading joint bidders for the stake in a Mozambique gas field being sold by Anadarko Petroleum Corp. (APC) and Videocon Industries Ltd. (VCLF), three people with knowledge of the discussions said. More »
Transocean plans job cuts to focus on offshore business
Transocean Ltd. expects to achieve $300 million in annualized cost savings after a restructuring initiative that included divesting 38 offshore rigs in the fourth quarter and eliminating shore-based jobs. More »
Enterprise Products profits rise as new projects launch
Enterprise Products Partners reported Tuesday that quarterly net income attributable to its limited partners rose 16 percent to $754 million from $651 million for the first quarter of 2012. More »
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BP to fund $340 million in early restoration projects in Gulf
BP will pay $340 million toward the up to $1 billion the company agreed to pay in early restoration projects in states impacted by the 2010 Gulf of Mexico oil spill, Republican U.S. Sen. David Vitter of Louisiana said Tuesday. More »
Judge orders some BP attorney materials turned over in Gulf oil spill case
A judge has ordered BP to turn over to the U.S. government and Transocean some previously withheld documents that involve discussions by its lawyers about how to prepare the company’s responses to investigative inquiries about the amount of oil that was flowing after the 2010 Gulf of Mexico disaster. More »
Feds set to unveil hydraulic fracturing rule within weeks
The Obama administration is set to unveil federal regulations governing hydraulic fracturing and drilling on public lands within weeks, Interior Secretary Sally Jewell said Tuesday. More »
Feds double Bakken, Three Forks resource estimate
A new government assessment of the Bakken and Three Forks formations found that they contain an estimated mean of 7.4 billion barrels of undiscovered, technically recoverable oil, twice as high as previous estimates. More »
Offshore Technology Conference: the final countdown
More than one in four attendees at the OTC last year were from outside the U.S. More »
Feds launch test of Helix offshore spill containment system
In deep Gulf of Mexico waters on Tuesday, federal regulators and the oil industry launched a drill meant to test whether emergency equipment and first responders are ready to tackle an out-of-control subsea well. More »
Contango Oil & Gas and Crimson Exploration agree to merger
The two Houston-based independents say the deal is worth $390 million. More »
Companies driven toward natural gas vehicles as oil soars
For AT&T Inc. (T), the decision to introduce natural gas vehicles to the company’s fleet in 2008 proved well-timed, as the price gap between gas and diesel soared to an all-time high that summer. More »
Refining margins push Valero profits
Valero reported net income attributable to Valero stockholders of $654 million, or $1.18 a share, for the period ended March 31. That compares with a net loss of $432 million, or 78 cents a share, for the first quarter of 2012. More »
April 26, 2013
Loading ...- The award-winning team behind FuelFix.com:
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assistant business editor
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energy reporter
Simone Sebastian
assistant editor, FuelFix
Zain Shauk
energy reporter
Harry R. Weber
energy reporter
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