Oil & Gas News

Iraq's prime minister says his Cabinet has approved a deal with a consortium led by U.S.-based Exxon Mobil to develop a prized oil field in the country's south.

Tesoro Corp. 's earnings plummeted in the third quarter of 2009 in response to the poor economy.

Several oil companies agreed to pay San Diego $700,000 to settle a lawsuit filed by the city seeking damages for petroleum contamination in Barrio Logan caused by above ground fuel tanks, it was announced Monday.

Quicksilver Resources Inc. reported third quarter 2009 net income of $0.7 million compared to the 2008 third quartera TMs net loss of $3.8 million.

Oil companies are evacuating workers from operations in the Gulf of Mexico as Tropical Storm Ida approaches.

Share + Nov 5, 2009 8:22 am US/Pacific 1 of 2 Authorities were searching for three other suspects believed to be involved in the same robbery at a Chevron gas station's convenience store on Nov.

Independent oil refiner Sunoco Inc. posted a steep third-quarter loss Thursday, tallying the damage from a recession-ravaged fuel market and the high cost of shuttering operations to cope with a tough marketplace.

Black Hills Power customers will shell out more for electricity if a rate increase goes into effect.

The cost of transporting natural gas eastward from Alberta is expected to rise significantly next year for producers, but that does not necessarily mean consumers will notice a difference on their home-heating bills.

Kuwait: 46 minutes ago Chevron executives hosted Saudi Arabian Minister of Petroleum and Mineral Resources His Excellency Ali Al-Naimi and Sheikh Ahmad Al-Abdullah Al-Sabah, Minister of Oil and Minister of Information in the state of Kuwait, at an event today marking the successful start-up of Chevron's Large-Scale Pilot steamflood project at the ...

Oil refiner Frontier Oil Corp. on Thursday posted a third-quarter loss driven by continued weak demand and squeezed refining margins.

NATHAN VANDERKLIPPE CALGARY - A steep increase in pipeline tolls could result in curtailed natural gas production and delayed drilling plans, says one of Canada's biggest gas producers.

OKLAHOMA CITY Devon Energy Corp., which trades as DVN, said Wednesday its profit fell for the third quarter of 2009, caused by lower product prices and a 64-percent drop in quarterly revenue.

A consortium grouping U.S. and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC on Thursday signed a $50 billion deal to develop one of Iraq's most prized oil fields, as the Organization of the Petroleum Exporting Countries looks to revamp its battered energy sector.

UOP LLC, a Honeywell company, announced today that it signed a memorandum of understanding with China National Petroleum Corp.

Four Colorado veterans are the latest to file "burn pit" lawsuits against military contractors accused of exposing soldiers to toxic fumes and ash.

Filed under: Deals , Berkshire Hathaway , Burlington Northern Santa Fe Warren Buffett's decision to buy the 77.4% shares of Burlington Northern Santa Fe that he did not already own, for $100 each in cash and stock, is like an early holiday present for BNI shareholders.

A CONSORTIUM including Royal Dutch Shell has bagged a $50billion deal to develop one of Iraq's most prized oil fields, The oil giant will join rival BP in the country after the consortium, led by US oil major Exxon Mobil, won the 20-year contract for West Qurna, which has reserves of 8.7billion barrels.

The move comes because of decreased activity and difficult economic conditions with Chevron's oil assets in Cook Inlet.

Enbridge Energy Partners LP has closed on the sale of 12 natural gas pipeline assets to American Midstream Partners LP for $151 million.