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Oil Gains As China Manufacturing Improves

July 1, 2014 10:33 am | by Associated Press | News | Comments

The price of oil rose Tuesday on expectations for stronger demand following an improvement in manufacturing activity in China, the world's biggest oil importer.                              

Supreme Court To Hear Natural Gas Price-Fixing Claims

July 1, 2014 10:31 am | by Associated Press | News | Comments

The U.S. Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.                         

Fracking Study Finds New Wells Leak More

July 1, 2014 10:28 am | by SETH BORENSTEIN, AP Science Writer | News | Comments

In Pennsylvania's gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells.                             

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Leaking Oil Pipeline Burns, Evacuates Thousands

July 1, 2014 10:23 am | by Associated Press | News | Comments

A leaking oil pipeline caught fire in the northeastern Chinese port city of Dalian, forcing the evacuation of nearly 20,000 residents, according to a government oil company.                              

Devon Energy Sells Assets For $2.3B

June 30, 2014 11:37 am | by Associated Press | News | Comments

Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.                                

Court Rules For Fracking Bans In New York

June 30, 2014 11:15 am | by MICHAEL HILL, Associated Press | News | Comments

New York's top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders.                          

BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

BP Seeks Restitution For Overpayments

June 30, 2014 11:02 am | by KEVIN McGILL, Associated Press | News | Comments

BP wants a federal judge to order restitution — plus interest — of what it says are hundreds of millions of dollars in overpayments to some businesses that claimed losses due to the 2010 Gulf oil spill.                      

Lawsuit Challenges Oklahoma Drilling Tax Cut

June 27, 2014 10:41 am | by SEAN MURPHY, Associated Press | News | Comments

A bill approved by the Legislature to adjust Oklahoma's tax on oil and gas production is unconstitutional because it passed in the final days of the session and didn't receive a three-fourths vote in the House and Senate, according to a lawsuit filed with the state Supreme Court.

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Pipeline Blast Kills 15

June 27, 2014 10:22 am | by OMER FAROOQ, Associated Press | News | Comments

A state-owned gas pipeline exploded and burst into flames Friday, killing at least 15 people, destroying homes and forcing the evacuation of neighboring villages in the southern Indian state of Andhra Pradesh, authorities said.

North Dakota Regulators Approve Portion Of Midwestern Pipeline

June 26, 2014 4:52 pm | by Associated Press | News | Comments

North Dakota regulators have approved the construction of a portion of a $2.6 billion pipeline that would move North Dakota oil to Minnesota and Wisconsin.                         

Natural Gas Sinks After Weekly Storage Report

June 26, 2014 4:44 pm | by Associated Press | News | Comments

Natural gas prices were falling to four-week lows after the U.S. government reported a sharp buildup in the country's natural gas storage levels.                             

Oil Boom Fuels Age Drop In Great Plains States

June 26, 2014 10:22 am | by JESSE J. HOLLAND, Associated Press | News | Comments

The United States is still growing older, but the trend is reversing in the Great Plains, thanks to a liberal application of oil.                                     

North Dakota Discloses Oil Train Details

June 26, 2014 10:17 am | by Associated Press | News | Comments

Dozens of mile-long trains loaded with crude are leaving western North Dakota each week, with most shipments going through the state's most populous county.                             

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States Confront Worries About Fracking & Earthquakes

June 25, 2014 4:41 pm | by EMILY SCHMALL, KRISTI EATON, Associated Press | News | Comments

In recent years, earthquakes have become commonplace in Texas, Kansas and Oklahoma. Most were too weak to cause serious damage, but they've rattled nerves and raised suspicions that the shaking might be connected to oil and gas fracking, especially the wells in which the industry disposes of its wastewater.

Putin: U.S. Is Trying To Derail Pipeline Plan

June 25, 2014 10:45 am | by Associated Press | News | Comments

The U.S. is trying to derail a project to build a gas pipeline that bypasses Ukraine to supply Europe, according to Russian President Vladimir Putin, after Russian and Austrian energy firms agreed to build the pipeline's western end.

North Dakota Pushes For More Pipelines

June 25, 2014 10:33 am | by JAMES MacPHERSON, Associated Press | News | Comments

Gov. Jack Dalrymple urged industry and government officials to build more pipelines to keep pace with the breakneck speed of North Dakota's oil production.                               

Oil Train Data Reveals Heavy Traffic

June 25, 2014 10:20 am | by MATTHEW BROWN, Associated Press | News | Comments

Disclosures from railroads about volatile oil shipments from the Northern Plains show dozens of the trains passing weekly through Illinois and the Midwest and up to 19 a week reaching Washington state on the West Coast.                 

Reserves & Profits Abound For U.S. Oil & Gas

June 24, 2014 3:18 pm | by Ernst & Young Global Limited | News | Comments

The annual study looks at US exploration and production (E&P) spending and performance data over the past five years for the largest 50 companies based on end-of-year oil and gas reserve estimates.                                   

50th Anniversary Of The LNG Tanker

June 24, 2014 10:57 am | by U.S. Energy Information Administration | News | Comments

The world's first purpose-built liquefied natural gas (LNG) carrier, the Methane Princess, entered service 50 years ago, in June 1964. Since then, the global LNG carrier fleet has grown to include 357 ships, with an average capacity of 150,000 cubic meters of LNG per ship (approximately 3,300 million cubic feet (MMcf) of natural gas), more than five times larger than the capacity of the Methane Princess.

Hi-Crush Partners LP Announces Long-Term Frac Sand Purchase Agreement

June 24, 2014 10:39 am | by Associated Editor | News | Comments

Hi-Crush Partners LP, or Hi-Crush, announced the entry into a new long-term frac sand purchase agreement between Hi-Crush Operating LLC, a subsidiary of Hi-Crush, and Halliburton Energy Services, Inc., or Halliburton, which amends and restates the existing supply agreements between Hi-Crush and its affiliates and Halliburton.

Oil Price Steady As Investors Eye Iraq

June 24, 2014 10:27 am | by Associated Press | News | Comments

The price of oil was steady Tuesday as investors monitored the insurgency roiling Iraq for any signs it could affect its oil production and exports.                                     

Significant Hydrocarbon Discovery In Siberia

June 24, 2014 10:25 am | by Associated Press | News | Comments

Spanish energy company Repsol has announced what it says is a significant hydrocarbon discovery in a relatively unexplored part of West Siberia.                                  

Pipeline Eruption Causes Concern

June 24, 2014 10:17 am | by Associated Press | News | Comments

Kansas health officials on Monday were at the site of natural gas pipeline eruption in eastern Kansas, where crops and trees have withered since a dark, oily plume burst from the line while crews were trying to perform maintenance.                

Exporatory Drilling Planned In Idaho

June 23, 2014 11:02 am | by Associated Press | News | Comments

The U.S. Forest Service has given an Australia-based mining company permission to conduct exploratory drilling at eight locations at Hall Mountain in northern Idaho to search for rare earth elements.                                

Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Fishermen Reject Shell's $50M Oil Spill Payout

June 23, 2014 10:58 am | by MICHELLE FAUL, Associated Press | News | Comments

Thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for "some of the largest oil spills in history," their British lawyers said after winning a landmark court ruling.                  

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