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Oil & Gas News

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

2 hrs ago | ABC News - Brian Ross

Iraqi Cabinet Approves Exxon Mobil-Shell Oil Deal

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.

6 comments

Related Topix: Exxon Mobil, Energy

6 hrs ago | San Antonio Business Journal

Tesoro posts 87 percent drop in third-quarter earnings

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

Comment?

Related Topix: Construction, Tesoro Petroleum, Energy, 9, Marketing

Mon Nov 09, 2009

KSWB-TV San Diego

Oil companies to pay $700K for Barrio Logan contamination

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.

Comment?

Related Topix: San Diego, CA, Barrio Logan (San Diego, CA), San Diego Metro, Energy, Chevron Corporation

Fort Worth Business Press

Quicksilver shows profit, expects record production

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.

Comment?

Related Topix: Quicksilver Resources, Energy, Fort Worth, TX, Dallas Metro, 9, Tarrant County, TX

Seattle Post-Intelligencer

Oil companies evacuate workers as Ida approaches

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

Comment?

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

KCBS-TV Los Angeles

Police Say They Shot, Wounded Robbery Suspect

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.

Comment?

Related Topix: Energy, Chevron Corporation, West Los Angeles (Los Angeles, CA), Los Angeles, CA

MarketWatch

Sunoco swings to loss on weak margins, deep cuts

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.

Comment?

Related Topix: Energy, Sunoco, Sunoco Logistics Partners LP, 9

KOTA

Electric bills could increase for Black Hills Power customers

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

Comment?

Related Topix: Black Hills, Energy, Lead, SD

Sun Nov 08, 2009

Madison Publishing

Producers to feel the pinch from higher tolls, but effect unclear on consumers

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.

Comment?

Related Topix: Energy, TransCanada, Natural Gas

AME Info

Chevron hosts Saudi and Kuwaiti senior petroleum officials at onshore ...

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 ...

Comment?

Related Topix: Chevron Corporation, Energy, Kuwait, World News, Middle East, Saudi Arabia

Clover Herald

Frontier Oil posts 3rd-quarter loss

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

Comment?

Related Topix: Energy, Frontier Oil Corporation

The Globe and Mail

Gas producer warns of rising toll 'death spiral'

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.

Comment?

Related Topix: Energy, Canadian Natural Resources, TransCanada, Natural Gas

The Journal Record

Devon Energy reports fall in 3Q profits

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.

Comment?

Related Topix: Energy

Sat Nov 07, 2009

Washington Times

Exxon, Shell land Iraqi oil contract

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.

Comment?

Related Topix: Exxon Mobil, Energy, Iraq, World News, Middle East, OPEC (Organization of the Petroleum Exporting Countries)

TurboMachinery International

Honeywell's UOP and China National Petroleum Corp. to Collaborate on Biofuels Projects in China

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

Comment?

Related Topix: Chemicals, Honeywell International, Aerospace-Defense, Energy, Alternative Energy, Science / Technology, Renewable Energy (Green Energy)

R & D

4 Colo. vets sue Halliburton, KBR

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

Comment?

Related Topix: Energy, Halliburton

Blogging Stocks

Buffett's railroad move: A win for BNI shareholders

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.

Comment?

Related Topix: Berkshire Hathaway, Insurance, Construction, Investment Services, Railroads, Burlington Northern Santa Fe, Financial Services, Santa Fe Energy Trust, Energy, Warren Buffett

Daily Express

Shell lands Iraq deal

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.

Comment?

Related Topix: Exxon Mobil, Energy

KTVF Fairbanks

Chevron announces Cook Inlet layoffs

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

Comment?

Related Topix: Energy, Chevron Corporation

Fri Nov 06, 2009

WTOK

Denver Company Buys Mississippi, Alabama Pipelines

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

Comment?

Related Topix: Enbridge Energy Partners LP, Energy

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