Oil & Gas News

DALLAS: Separate auctions were held Thursday in Dallas: One featured Texas native Farrah Fawcett's jewelry and other memorabilia, while another had as its centerpiece the gray wool suit worn by Gene Kelly in "Singin' in the Rain."

Cenovus Energy Inc. will focus in 2014 on developing the oilsands properties it already has in the hopper rather than seeking regulatory approvals to add new ones to its portfolio.

Anadarko Petroleum Corp. and its Kerr-McGee unit acted improperly in the 2005 spinoff of Tronox Inc. and may have to pay as much as $14 billion related to environmental cleanup and health claims, a judge ruled.

Mexico's sweeping away of seven decades of nationalist protections and letting foreign companies back into its oil fields is crucial to bringing the expertise and money needed to rejuvenate its sclerotic energy industry, supporters say.

A tailings pond is picture at ythe Syncrude oilsands facility seen from a helicopter near Fort McMurray, Alta., July 10, 2012.

The U.S. Geological Survey says a small early morning earthquake rumbled in the Black Hills.

The bank has started circulating preliminary information about the assets it could sell, which include the general partner of master limited partnership TransMontaigne Partners LP , whose executives have proudly defended the bank's J. Aron commodity division, has recently renewed talks to sell its metals warehouses and uranium desk.

The Toronto stock market tumbled almost 200 points Wednesday as investors remained focused on whether the U.S. Federal Reserve might start to claw back its stimulus measures as early as next week.

Australia's largest gas project Gorgon has suffered a multi-billion dollar cost blow-out and delay, the latest in a string of industry overruns.

Exxon Mobil says the drive for higher living standards around the world will keep demand for electricity and transportation fuels growing even as economies get more efficient and governments put a price on pollution.

A spokesman for TransCanada says the company is looking to address concerns raised by the mayor of Edmundston, N.B. about the route for the EnergyEast pipeline project.

Fortis Inc., a Canadian utility company, said Wednesday that it plans to buy power provider UNS Energy Corp. for $2.5 billion, expanding its business into Arizona.

Three U.S. senators have asked a federal agency to check on the safety of an oil pipeline that runs beneath Great Lakes waters.

Encana plans to derive three-quarters of its cash flow from oil and natural gas liquids in 2017 by focusing on areas that can offer higher returns Encana Corp. says it wants to increase its production of natural gas liquids by 30 per cent next year, as it focuses on spending in five resource areas across North America.

Will climate change leave your investment portfolio stranded like a polar bear on melting ice floe? If your pension fund or 401 manager invests in fossil-fuel companies, it just might.

Dominion Resources will ship 500 million cubic feet of West Virginia natural gas per day to pipeline connections in Ohio, while the company will also lease 100,000 acres of Marcellus Shale drilling rights to Consol Energy.

Exxon Mobil Corp.'s massive footprint north of Houston is going to be even larger - and a portion of it will be tax free.

Corry Micronics' Safe-Guard is an RF switch designed for use in the oil and gas industry.

That's the message from analysts at Simmons and Co., an outfit specialized in the energy industry.

Talisman Energy Inc. said Tuesday it has reached a deal to sell its stake in a Colombian pipeline for about US$595 million, in an ongoing effort to better focus its operations.