Houston’s Linn Energy has inked a deal to buy assets in five U.S. operating areas from Devon Energy Corp. for $2.3 billion.
Near-zero interest rates and low power prices caused by a glut in natural gas are increasing the appeal of regulated utility assets, which offer stable cash flow and returns.
A man charged with trying to blow up a Dallas-area natural gas pipeline corresponded with imprisoned Unabomber Ted Kaczynski before the 2012 blast.
The price of oil declined Monday as markets waited for the preliminary reading of China’s manufacturing for June.
Delek Drilling said it is negotiating a deal to provide seven billion cubic meters of natural gas from the offshore Leviathan gas field to British company BG’s plant in Idku, Egypt, through an underwater pipeline annually for 15 years.
Despite political turmoil that has rocked Egypt for most of this decade — the 2011 revolution that overthrew longtime strongman Hosni Mubarak and last year’s ouster of elected President Mohammed Morsi — Apache executives remain enthusiastic about their prospects there and say the political situation hasn’t affected production.
WellAware Holdings Inc., whose software lets energy companies track wells, pipelines and other oil-field equipment using smartphones, says it has secured $37 million in funding.
As debate over the Keystone XL pipeline drags on in the United States, another contentious battle to move Canada’s oil sands crude to market hit a milestone last week.
Economic growth in the United States will cause demand for diesel to rise over coming decades, even as gasoline use continues a steady decline, according to a federal analysis released this week.
Because people like this are EXACTLY why accidents continue to happen in the oilfield.
Earthquakes used to be almost unheard of on the vast stretches of prairie that unfold across Texas, Kansas and Oklahoma, but they’ve become common in recent years.
The U.S. Department of Energy today said a carbon-capture project in Port Arthur has reached a key milestone: a million metric tons of carbon dioxide blocked from being released into the air.