Oil & Gas News

Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.

The SPDR S&P BRIC 40 ETF is seeing unusually high volume in afternoon trading Friday, with over 375,000 shares traded versus three month average volume of about 57,000.

Valero Energy Corp. Board Chairman Bill Klesse is expected to make a gift to the Children's Hospital of San Antonio through his Klesse Foundation.

The National Energy Board has ordered Enbridge Inc. to stop work along its Line 3 oil pipeline in Manitoba after an inspection earlier this month revealed numerous environmental and safety concerns.

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 1,871.

Protesters gather for a rally to show opposition to the Enbridge Northern Gateway pipeline in Vancouver on June 17, 2014.

Statoil ASA, Norway's biggest energy company, said profit fell 12 percent in the second quarter as gas prices slid and output sank on maintenance and asset sales.

Bombardier Inc. . Aerospace. Down four cents, or 1.07 per cent, to $3.70 on 10.1 million shares.

By the end of the year, Alaska will have 55 percent of seats on domestic flights operating from Seattle-Tacoma International Airport, its executives say.

Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange Commission.

Oil executive Jiang Jiemin rose to power in Communist China in time-honored fashion: by hitching his star to a mighty mentor.

Michigan officials are ordering Enbridge Energy Partners LP to install additional support structures beneath two oil pipelines at the bottom of the Straits of Mackinac, the waterway linking Lakes Huron and Michigan.

Encana Corp. says strong performance in 2014 has led it it to hike its cash flow targets for the year.

Husky Energy says it earned $628 million in its latest quarter, up from $605 million a year ago as production increased about eight per cent.

STEER President Omar Garcia and former San Antonio Mayor Henry Cisneros pause for a photo at last year's Eagle Ford Excellence Awards.

Wall Street is optimistic about Cabot Oil & Gas , which is slated to report its second quarter results on Thursday, July 24, 2014.

Sir Robert Smith MP last week called on the Prime Minister to reconfirm the Government's commitment to the North Sea oil and gas industry.

Its easy to find precedent that supports your side. But your case will not be exactly like that case.

A multibillion-dollar deal in the telecom sector and a potential purchase in the Canadian oilpatch helped push the Toronto stock market higher Wednesday.

TransCanada Corp. says its $800-million Northern Courier pipeline proposal has been given the green light by the Alberta Energy Regulator.