Oil & Gas News

President Barack Obama is exploring ways to prevent American businesses from moving their tax domiciles overseas, but the current spate of such occurrences really took off 15 years ago within the Houston energy sector, legal experts said.

The Pittsburgh Post-Gazette reported Tuesday that the energy company has delayed a final decision on the office project for the foreseeable future.

Oil executives had dinner at Logan Brown, a sail on Wellington Harbour and a four night stay at the Intercontinental - all on the taxpayer.

The Vickers ranch is crossed by a steel pipe as thick as a man's calf. It delivers crude oil from a cluster of south Texas oilfields known as the Vicksburg Fault Zone to refineries in the subtropical waterfront city of Corpus Christi.

The investigation of Zhou had been rumored for months, but was officially confirmed Tuesday by Xinhua, China's state-run news agency.

China's Huawei Technologies Co Ltd said smartphone shipments in the first half rose 62 percent year-on-year, as it targets the more expensive smartphone sector dominated by Samsung Electronics Co Ltd and Apple Inc. Shenzhen-based Huawei has shipped 34.27 million smartphones globally in the first six months ending June 30 - about 43 percent of its ... (more)

Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.

The Toronto stock market looked set for a higher open Tuesday as traders digest earnings news and await U.S. data on home prices and consumer confidence.

Talisman Energy, which has been approached by Spain's Repsol for a potential deal, reports a second-quarter loss of net loss of US$237 million, or 23 cents per share.

Exxon Mobil Corp. reportedly is considering a major expansion of its Beaumont refinery in response to the U.S. shale boom, according to Reuters.

A 12-storey LNG storage tank. A rolled steel and double-walled, perlite-insulated cryogenic tank that can keep 1.5 billion cubic feet of natural gas in compressed liquid form, chilled to -160 C at the Mt.

Kerr Mines Inc. . Miner. Down 0.5 cents, or 16.67 per cent, to 2.5 cents on 7.1 million shares.

The relative slow-down in Cabot's production growth due to take-away constraints should not overshadow continued strong operating results in the Marcellus and Eagle Ford.

Australia-based Liquefied Natural Gas Ltd. announced Monday it is purchasing a potential natural gas export site in Nova Scotia from a subsidiary of Anadarko Petroleum Corp. for $11 million.

China imported 1.87 billion cubic meters of gas through the China-Burma gas pipeline in its first year of operation, China National Petroleum Corp said on Monday, as the pipeline slowly ramps up to full capacity.

Petron Corp. and Pilipinas Shell will roll back the price of gasoline by P1.20 per liter; diesel by P0.25 per liter; and kerosene by P0.20 per liter effective 12:01 a.m. on Tuesday.

Stover added that the current Tamar pipeline has on several occasion reached its full capacity due to high demand in Israel.

From the major multinational oil companies to small independent operators, rivers of campaign contributions have flowed to the state Capitol.

Traders will have plenty to occupy themselves this week as major players in the Canadian gold mining and energy sectors - the two biggest advancers on the Toronto stock market so far this year - are set to report second-quarter results.

The battle over a project proposed by the Richmond Chevron oil refinery is coming down to the wire.