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Oil & Gas News

Oil & Gas news continually updated from thousands of sources around the net.

2 hrs ago | Business Journal

a Sunoco Logistics Partners launches public offering and it could reach $385M

Sunoco Logistics Partners L.P. , has launched a public offering of 7.7 million units of common stock. At Tuesday's closing stock price of $49.96 per unit, the offering would generate close to $385 million for the Philadelphia-based company.

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Related Topix: Energy, Sunoco Logistics Partners LP, Philadelphia, PA

6 hrs ago | The Washington Post

Chevron's Search for Plant-Based Alternative Fuels Flounders

The second-largest U.S. oil company by market value spent "significant sums" and assigned some of its best scientists to evaluate more than 100 kinds of feedstock and 50 techniques for converting them into fuels without success, Chevron Chairman and Chief Executive Officer John Watson said during an address to the Economic Club of Minnesota in Minneapolis today. "The smartest minds in my company and others haven't yet cracked the code on pairing the right feedstock conversion technology and logistics in an economic and scalable package," Watson said.

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Related Topix: Chevron Corporation, Energy, Alternative Energy, Exxon Mobil, Agriculture, Science, Science / Technology

Tue Sep 16, 2014

KOTA-TV Rapid City

Lakota man wants name of Harney Peak changed

The 7,242-foot-high peak is the highest point in the Black Hills and also billed as the highest point in North America east of the Rocky Mountains. It was named for Army Gen.

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Related Topix: Black Hills, Energy

WGBH

With U.S. Oil Supply Climbing, Some Call For End To Export Ban

Pump jacks are seen in an oil field over the Monterey Shale formation near Lost Hills, Calif. Much of the U.S. oil industry wants to lift an export ban that followed the 1970s energy crisis.

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Related Topix: Lost Hills, CA, Energy, Sunoco

Reuters

UPDATE 1-Morgan Stanley takes stake in Magnum Hunter natgas pipelines

Magnum Hunter Resources Corp said on Tuesday it will sell a stake in a natural gas gathering unit in U.S. Marcellus and Utica shale fields to the infrastructure investment unit of Morgan Stanley, giving the two co-ownership in the business valued at $1 billion. In addition, Morgan Stanley Infrastructure will also buy about 41 percent in Eureka Hunter from a unit of ArcLight Capital Partners LLC, a U.S. private equity company, for an unspecified amount.

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Related Topix: Stanley, Investment Banking, Morgan Stanley European Fund, Financial Services, Morgan Stanley, Magnum Hunter Resources, Energy

Berkshire Eagle

Kinder Morgan seeks federal OK for pipeline

Kinder Morgan has begun the process of seeking federal approvals for a natural gas pipeline project through northern Massachusetts that has already garnered significant local opposition. The Houston-based energy company on Monday filed a request with the Federal Energy Regulatory Commission seeking to use its so-called "pre-filing procedures."

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Related Topix: Kinder Morgan Management, Financial Services, Energy, Kinder Morgan, Dracut, MA

WHTC

Keystone XL pipeline's cost in South Dakota more t...

The cost of the South Dakota portion of TransCanada Corp's Keystone XL pipeline has more than doubled to $1.974 billion in the last four years the project has awaited federal approval, the company said in a petition filed with the state Public Utilities Commission on Monday. The leap in costs from the previous 2010 estimate of $921.4 million is due to factors including the protracted regulatory process, inflation, currency changes, labour cost increases and materials storage, TransCanada spokesman Shawn Howard said.

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Related Topix: South Dakota, Energy, TransCanada, Natural Gas, Harding County, SD, Tripp County, SD

The Washington Post

China rig finds gas after Vietnam sea standoff

The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday. The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam's exclusive economic zone to far less-contested waters closer to China.

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Related Topix: China, Asia, World News, Energy, Chevron Corporation

The Bennington Banner

BP Alaska plans layoffs following Hilcorp sale

BP Alaska, a major player in the state's oil industry, on Monday announced plans to lay off 275 employees and direct contractors early next year. BP's business in Alaska will be smaller because of the previously announced sale of its interests in four North Slope oil fields to Hilcorp, spokeswoman Dawn Patience said.

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Related Topix: Financial Services, BP Prudhoe Bay Royalty Trust, Energy, Alaska, Prudhoe Bay, AK, Sean Parnell, US Governors

Mon Sep 15, 2014

Yorkton This Week & Enterprise

CNRL gets go-ahead to use low-pressure steam at troubled oilsands site

Canadian Natural Resources Ltd. has been given the go-ahead to resume work at part of an oilsands project in eastern Alberta where a bitumen-water mixture was found oozing to the surface last year. But CNRL will be using a different extraction technique at Area 1 of its Primrose East oilsands site: low-pressure steamflood rather than high-pressure cyclic steam stimulation.

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Related Topix: Energy, Canadian Natural Resources

Brandon Sun

Most actively traded companies on the TSX

B2Gold Corp. . Miner. Down seven cents, or 2.99 per cent, to $2.27 on 7.4 million shares.

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Related Topix: Microfinancial, Food, Leasing, Financial Services, Maple Leaf Foods, Smart and Final, Retail, Insurance, Manulife Financial, Canadian Natural Resources, Energy

CFRA

Alberta woman loses fracking case appeal, wants to take case to Supreme Court

An Alberta woman has lost her appeal to sue the province's energy regulator over hydraulic fracturing on her property. Jessica Ernst launched a $33-million lawsuit against the Alberta government, the province's energy regulator and energy company Encana .

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Related Topix: Energy, EnCana

Business Journal

EQT Midstream Partners to be added to energy index

EQT Midstream Partners LP will be added to the Alerian Energy Infrastructure Index Friday after market close, replacing Genesis Energy Partners LP. The 30 constituents of the index, which is a composite of North American energy infrastructure companies, will be rebalanced in accordance with the existing index methodology, Dallas-based Alerian said.

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Related Topix: Energy, Equitable Resources

ArkansasBusiness.com

South Arkansas Formation Proves Disappointing So Far

After the booming success of the Fayetteville Shale Play, it was easy to get excited about the prospect of exploiting another geological formation deep under Arkansas soil.

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Related Topix: Arkansas, Smackover, AR, Energy, Southwestern Energy

Channelnewsasia.com

China Sinopec unit to sell 30% stake

Chinese oil giant Sinopec will sell a 30 per cent stake in its marketing arm to outside investors for more than US$17 billion, the company said, as the government pushes key economic reforms. File photo: A worker walks past an oil refinery of China's Sinopec, in Wuhan, central China's Hubei province.

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Related Topix: Sinopec Shanghai Petrochemical Company, World News, China, Asia, Marketing,

Sun Sep 14, 2014

WAFB-TV Baton Rouge

Suspects wanted for a shooting a N.O. police officer

Job opportunities are available if you want to work to protect the Louisiana coastal wetlands. Erosion is eating away at the coast, and though billions of dollars are being spent to restore it, there are more jobs than qualified workers to fill the positions.

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Related Topix: Chevron Corporation, Energy, New Orleans, LA

Switched

Gas Pipeline Accident Kills 1, Injures 2 In Louisiana

The Henry Gas Processing Plant, a refinery and storage facility operated by Chevron Corp. subsidiary Sabine Pipe Line LLC, stands in Erath, Louisiana, U.S., on Thursday, Aug. 26, 2010. Natural gas futures fell to an 11-month low after an Energy Department report today showed that U.S. stockpiles rose more than forecast last week.

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Related Topix: Energy, Chevron Corporation, Erath, LA

NewsOK.com

Chevron draining natural gas after worker death

Authorities say that Chevron is still releasing natural gas from a pipeline off the Louisiana coast where a Saturday incident killed a maintenance worker. Col. Mike Edmonson, the superintendent of the Louisiana State Police, said Sunday his agency and the U.S. Coast Guard intend to send a joint team to the platform Monday to start an investigation.

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Related Topix: Chevron Corporation, Energy, US Coast Guard, US Military, US News

WWTC-AM Eagan

Contractor Dead In Louisiana oil Pipeline Accident

One person is dead and two others suffered minor injuries after a natural gas pipeline accident off the Louisiana coast. A Chevron spokesman said a contractor was killed in the accident that took place Saturday morning.

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Related Topix: Energy, Chevron Corporation

KNDO

US, EU levy sanctions on Russia despite cease-fire

Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects. But the restrictions on Russia's energy sector were carefully crafted to avoid impacting the country's current production of oil and gas, a move that would raise global energy prices at time of weak economic growth.

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Related Topix: World News, OPEC (Organization of the Petroleum Exporting Countries), Vladimir Putin, Exxon Mobil, Energy

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