Apache Corp. finished two development wells at the Forties field in the U.K. North Sea, boosting production to as much as 70,000 barrels a day in mid- June. The company plans to drill 16 wells this year at the field. More »
A judge ordered video clips of a deposition former BP chief Tony Hayward gave last month in ongoing Gulf of Mexico oil spill litigation be removed from the sites of News Corp. online newspaper The Daily and Google’s YouTube.
Houston’s ConocoPhillips reacted quickly to two and told authorities the day they were found, said managers of the company and its Chinese partner in the field, state-owned CNOOC Ltd., at a news conference. Both leaks have stopped and cleanup work is nearly finished, they said.
The bidding war for Houston-based Southern Union Co., a natural gas pipeline company, intensified Tuesday as the company announced it wants to bypass a $4.9 billion cash offer from Williams Cos. in favor of a new offer from Energy Transfer Equity.
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Martin Midstream Partners is build a $25 million terminal to receive crude oil from the Eagle Ford shale via a recently announced pipeline.
Martin also will build storage for 300,000 barrels of crude oil and will have the ability to expand the terminal’s capacity by an additional 600,000 barrels. The terminal will be connected by a 24-inch pipeline to a barge dock and deep-water tanker dock at the port.
Conditions on the river have prevented a thorough assessment and hampered efforts to find the cause of Friday’s break in the 12-inch pipeline, which spilled an estimated 1,000 barrels of crude oil. The river was flowing too high and swiftly for crews to reach some oiled areas. More »
Barclays Capital raised its price forecast for 2012. And Goldman Sachs said the International Energy Agency’s decision at the end of June to release 60 million barrels of oil from its reserves won’t cool off prices as much as originally thought. More »
China’s State Oceanic Administration it is investigating ConocoPhillips’ role in a recent oil spill and is assessing possible environmental damage. The first spill at the Penglai 19-3 oil field off China’s eastern coast was detected on June 4 and followed by another on June 17, said a report on the administration’s website. More »
The leading Democrat on the House Natural Resources Committee said Congress should investigate whether pipelines need to be inspected more frequently — and whether federal safety standards are high enough. More »
Ameron, based in Pasadena, California, makes fiberglass- composite pipe for moving oil, chemicals and fluids, according to the statement. The company also provides poles and construction materials, as well as fabricated steel products.
Exxon Mobil intensified its cleanup of tens of thousands of gallons of spilled crude and pledged to do “whatever is necessary” to find and mop up oil from the 12-inch pipeline that broke at the bottom of the river over the weekend.
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