Oil near $106 as US denies plan to release crude
Oil prices rose slightly to near $106 a barrel Friday in Asia after the U.S. denied reports it and Britain plan to release some their strategic crude reserves. More »
Magellan to expand Crane-to-Houston pipeline to 225,000 BPD
Magellan Midstream Partners LP (MMP) will expand the capacity of its Crane, Texas, to Houston crude-oil pipeline to 225,000 barrels a day, according to a statement from the company. More »
Transocean lands half a billion dollars in drilling contracts
Transocean is earning higher-than-expected daily rates on three drilling rig contracts worth up to $583 million. More »
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Iran cut off from global financial system
The action is meant to enforce European Union sanctions and will go a long way toward isolating Iran financially.
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White House denies U.S.-U.K. agreement on tapping oil reserves
The White House denied a news report that the United States and Britain had agreed to cooperate releasing some oil from strategic reserves to counter rising asoline prices. More »
Kinder Morgan may sell pipelines to gain approval of El Paso deal
Kinder Morgan tentatively has agreed to sell 7,200 miles of pipeline in order to gain regulatory approval for its merger with El Paso Corp. More »
Shell selects Pennsylvania for new refinery
Shell has chosen a site near Pittsburgh for a major new refinery that would convert natural gas liquids into chemicals used in many products, but actual construction is years away. More »
EPA oil, gas emission rules need more flexibility, group says
U.S. unconventional drilling with hydraulic fracturing would fall 31 to 52 percent from 2012 to 2015 without providing additional implementation time and other flexibility to proposed rules for emissions from oil and gas production, the American Petroleum Institute said. More »
DEP tracking source of more methane in wells
State environmental officials are investigating the source of methane detected in three northern Pennsylvania water wells. More »
More expensive gas pushes up US wholesale prices
Higher gas costs drove U.S. wholesale prices up last month. But excluding the big jump in gas, inflation was mostly tame. More »
Drivers might soon see relief at the pump, analyst says
Skyrocketing gasoline prices may soon hit their peak, giving motorists some relief at the pumps soon.
More »
Obama said to have discussed oil release with Cameron
President Barack Obama discussed a release of oil from the U.S. strategic reserve during his meeting in Washington yesterday with Britain’s Prime Minister David Cameron, a U.K. official with knowledge of the talks said. More »
April 26, 2013
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