‘Pipeline partnership Tesoro Logistics LP has purchased Tesoro Corp.’s crude oil marine terminal in northern California from refiner Tesoro Corp. for $75 million, the two companies announced Monday. More »
Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil producer, may be liable for 30 percent of any damages Chevron Corp. (CVX) must pay in relation to a November spill off Rio de Janeiro’s coast. More »
Natural gas wells using the drilling method known as hydraulic fracturing are producing at a much higher rate than traditional wells, according to the first look at production figures from nine active wells in the Utica Shale formation in eastern Ohio. More »
The Obama administration will announce plans Tuesday to speed up the review process for oil and gas companies seeking to drill on U.S. lands. Interior Secretary Ken Salazar is set to tout the change as he finishes a two-day tour of booming oil and gas exploration in North Dakota. More »
Finding cost-effective methods to store captured carbon will be one of the main technology challenges ahead for the oil and gas industry, Shell’s chief scientist said at a chemical engineering conference. More »
The Environmental Protection Agency will delay promulgating its long-awaited air standards for the oil and natural gas for two weeks, citing the need for more time to review public comments, an agency spokeswoman said Monday.
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