Millennial Energy Partners, LLC announced that it has closed Millennial PDP Fund V, LP through a private placement conducted under Regulation D. Millennial has organized Fund V primarily to acquire non-operated oil and gas working interests in various basins throughout the United States.
Chevron Corp.'s Pascagoula Refinery says construction on a new $1.4 billion base oil facility is complete and expects to reach full production capability by midsummer.
Cleaning up oil spills and metal contaminates in a low-impact, sustainable and inexpensive manner remains a challenge for companies and governments globally. But a group of researchers at UW–Madison are examining alternative materials that can be modified to absorb oil and chemicals. If further developed, the technology may offer a cheaper and “greener” method to absorb oil and heavy metals from water and other surfaces.
U.S. railroads forced to turn over details of their volatile crude oil shipments are asking states to sign agreements not to disclose the information. But some states are refusing, saying that the information shouldn't be kept from the public.
The investigation into the 2010 BP oil spill concluded that a last-ditch safety device on the underwater well had multiple failures, wasn't tested properly and still poses a risk for many rigs drilling today.
The advisory panel grappled with the question of how much energy companies should be required to disclose about the chemicals they inject at high pressure into shale and rock formations to dislodge gas and oil. Chemical disclosure varies widely from state to state.
Pacific Gas & Electric Co. expects to be hit with a new federal indictment next month over a deadly pipeline explosion that leveled a suburban California neighborhood in 2010, a regulatory filing says.
The site of one of the largest crude oil pipeline spills in Minnesota is still producing significant discoveries for researchers three decades later.
The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company's failed equipment, a federal appeals court ruled Wednesday.
The newly released federal plan to limit carbon dioxide emissions from coal-fired power plants triggered a new line of debate Tuesday over whether fracking in coal-rich southern Illinois may be part of the answer.
New York's highest court is expected to decide by the Fourth of July whether municipalities can use local zoning laws to ban shale gas development using hydraulic fracturing within their borders.
A porous material invented by the Rice lab of chemist James Tour sequesters carbon dioxide, a greenhouse gas, at ambient temperature with pressure provided by the wellhead and lets it go once the pressure is released. The material shows promise to replace more costly and energy-intensive processes.
North Dakota oil companies must submit a gas capturing plan with their drilling permits beginning this month in an attempt to cut down the amount of natural gas that is burned off and wasted as a byproduct of oil production.
Kentucky is not seeking to collect a $20 million judgment the state won in court from a now-bankrupt oil company found to have bilked its customers in a drilling scam.
Marathon Oil is selling its Norwegian business to Det Norske Oljeselskap ASA in a deal valued at about $2.7 billion as it streamlines operations and hones its focus on the U.S.
North Carolina lawmakers have given preliminary approval to a measure that would allow fracking for natural gas to begin in the state next year.
U.S. sanctions over Russia's annexation of Crimea have targeted close associates of Russian President Vladimir Putin, including the president of Russia's largest oil company, Rosneft, but not the company itself. Exxon has an exploration and production agreement with Rosneft in the Russian arctic and Siberia.
The amount of explosive gas tainting a North Texas neighborhood's water supply has increased in recent years, but the state's oil and gas regulator says it can't link the methane to drilling activity nearby, according to a report it released yesterday.
A Japanese oil tanker exploded off the country's southwest coast near Himeji port, leaving one of the eight people aboard missing, the coast guard said. Four others were severely injured.
In 2013, the United States exported 527,000 bbl/d of petroleum products to Mexico, including motor gasoline, distillate fuel oil, and liquefied petroleum gases.
KBR has announced that it has been awarded a contract by Maersk Oil for topsides front end engineering and design (FEED) for the Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production (UK) Limited and Britoil (BP) have chosen a new standalone facility to develop the Culzean discovery.
Koch Industries is buying PetroLogistics in a deal valued at approximately $2.1 billion, including debt. PetroLogistics makes propylene, a widely used building block material that goes into everything from paint and building materials to clothing and automotive parts.
An ethanol plant in Hopewell that sat idle since 2010 has begun operations under its new owner.
A House committee has approved a plan to speed up hydraulic fracturing for oil and gas in Illinois. The Executive Committee voted 7-4 Monday to advance the plan by Rep. John Bradley despite protests from environmentalists.
Safety regulators have quietly placed two extra conditions on construction of the Keystone XL oil pipeline after learning of potentially dangerous construction defects involving the southern leg of the Canada-to-Texas project.