Massive tanks in Oklahoma brim with unrefined oil, but they weren’t designed to handle the rash of seismic activity caused by fracking-related activity.
Minnesota’s Department of Commerce dealt a blow to Canadian pipeline-maker Enbridge with a report that said the replacement of the Line 3 pipe that runs through the state is unnecessary, as is the pipe itself. Line 3 brings in crude from Canada to a terminal in Wisconsin and passes through northern Minnesota. Enbridge plans to replace the pipeline, which was built in the 1960s, with a new, extended one. This will cost some US$6.5 billion, but environmentalists and the state government believe it will threaten water resources in the area.…
Carrizo (CRZO) recently signed a purchase and sale agreement with ExL Petroleum Management to acquire Delaware Basin assets for $648 million.
ConocoPhillips (COP) has decided to divest its stake in the Barnett Shale for a consideration of roughly $305 million plus net customary adjustments.
On Jun 28, we issued an updated research report on upstream energy player Range Resources Corporation (RRC)
A joint venture between ExxonMobil Corporation (XOM) and Royal Dutch Shell plc (RDS.A) announced that it is going to oppose a plan of the government of Netherlands to lower production cap at the Groningen natural gas field by another 10%.
Pan American Energy -- a subsidiary of British energy giant BP Plc (BP) -- has decided to spend as much as $1.2 billion in Argentina this year.
Investors willing to make money from the energy sector amid crude turmoil should identify potential stocks selling near or at their 52-week low marks.
Enbridge Inc. (ENB) and Enbridge Energy Partners, L.P. (EEP) announced the closure of the sale of Enbridge Energy Partners' interest in the Midcoast Gas Gathering and Processing business to Enbridge Energy Company, Inc. (EECI), a subsidiary of Enbridge.
Rowan Companies plc (RDC) is going to increase the number of job cuts by 40-50 at its Rowan Reliance drillship.
Ensco plc (ESV) has been awarded a contract for its Ensco 122 jack-up drilling rig in the Dutch sector of the North Sea, as per sources.
Weatherford International plc (WFT) recently initiated a private offering of an additional $250 million gross principal amount of the company's 9.875% senior notes due 2024.
SCANA Corporation (SCG) and Santee Cooper have announced that the Interim Assessment Agreement with Westinghouse Electric Company, LLC has been revised to extend the term of the agreement through Aug 10, 2017.
Statoil ASA (STO), on behalf of its license partners has decided that the Johan Castberg operation will be supported by a supply and helicopter base in Hammerfest and an operations organization in Harstad.
Eni SpA (E) set out its first liquefied natural gas (LNG) shipment produced from the Jangkrik field for the Indonesian domestic market. The field is located in Indonesia in deep water.
Energy Transfer Partners (ETP) welcomed the decision of a Federal Court judge who ruled that the Dakota Access Pipeline will remain operational during the ongoing hearing process.
Russia’s state oil giant Gazprom is in talks with major operators to supply additional volumes of natural gas to the UK, Gazprom’s deputy chief executive Alexander Medvedev told Bloomberg in an interview published on Friday. The UK aims to shut coal-fired plants by 2025, while its biggest supplier of energy to residents, Centrica, has just decided to close the country’s largest gas storage facility. “We see an appetite from major players in the U.K. for additional volume of contracted gas,” Medvedev told Bloomberg,…
Eni SpA (E) has inked an agreement with JSC KazMunayGas that consists of the renewal of the conditions for the transfer to Eni of 50% of the subsoil use rights in the Isatay block, for exploration and production of hydrocarbons.
The oil industry possesses numerous hidden gems that investors view as opportunities for massive capital gains.