Oil & Gas News

Abraxas Petroleum Corporation and Abraxas Energy Partners, L.P. are pleased to announce that they have executed a definitive merger agreement , pursuant to which Abraxas Energy will merge with and into Abraxas Petroleum, and that holders of 96% of the common units of Abraxas Energy not held by a wholly-owned subsidiary of Abraxas Petroleum have ...

TEHERAN: Iran plans to invest around US$70 billion in two major offshore natural gas fields in the 2010-15 period, a senior official said in comments broadcast yesterday.

Police said a transient man is a person of interest in the homicide of an elderly woman.

BG International will exercise its right to buy a 45 per cent stake in a natural gas property off the coast of Trinidad from Canadian Superior Energy Inc.

TEPPCO Partners, L.P. today announced that it has suspended the opportunity for investors to acquire additional limited partner units under the TEPPCO Partners, L.P. Distribution Reinvestment Plan.

QuikTrip Corp. and Magellan Midstream Partners LP have purchased much of bankrupt SemGroup LP's SemFuel refined petroleum unit for a combined $37 million, reported The Tulsa World .

Iraq's hopes for an oil-revenue fueled postwar recovery suffered a sharp blow Tuesday as the foreign oil companies it counted on to help develop its vast reserves greeted the country's first oil auction in over 30 years with grumbles and just one deal.

Santos Ltd has taken a large stake in New South Wales-based coal seam gas explorer Eastern Star Gas Ltd.

The number of rigs actively exploring for oil and natural gas in the United States rose by 11 this week to 928, the third consecutive week for an uptick after months of declines.

A pro-Palin Web site has accused Rep. Jay Ramras of a conflict of interest for owning BP stock.

A spokeswoman for EnCana says a gas leak in northern B.C., not far from the site of four pipeline bombings, appears to have been caused by an explosion.

Stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios.

On Monday, Exxon Mobil Corporation made public that it will not challenge a court ruling to pay $470 million in interest to Alaska fishermen and businesses harmed by the 1989 Exxon Valdez oil spill in Prince William Sound.

New Delhi, June 30 : Inaugurating the golden jubilee celebrations of Indian Oil Corporation , President Pratibha Patil Tuesday hoped the state refiner would continue to expand production to increase the country's energy security.

As the world's second-largest and fastest-growing consumer of oil, China is showing increasing interest in oil fields in a country that had seemed until very recently to be firmly in the American sphere of influence for natural resources: Iraq.

Oklahoma royalty owners said Tuesday they oppose a plan to let producers drill longer horizontal oil and natural gas wells, suggesting it would further complicate royalty payments and make it easier for producers to drain minerals from adjacent lands.

More than 30 international firms have started bidding for development rights for Iraqa s massive oil and gas fields.

KTUU: Rep. Jay Ramras said Monday he bought 5,000 shares of TransCanada stock after a pro-Palin blog accused him of having a conflict of interest for, in part, owning 5,000 shares of BP stock.

LeTourneau Technologies is resuming construction of a third 240C class jackup rig at its Warren County yard south of Vicksburg.

On April 19, 1775, a call went out to militiamen all across Massachusetts to rally in Lexington to halt British soldiers headed to confiscate Patriot weapons stores in Concord.