Oil & Gas News

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.

Woodside Petroleum chief executive Peter Coleman says competition is about to heat up in the domestic gas market in Western Australia.

WOODSIDE Petroleum is trying to sell gas from its proposed Browse project to Japan, only months after deciding to process the gas offshore.

Kinross Gold Corp. . Miner. Up three cents, or 0.62 per cent, at $4.86 on 5.04 million shares.

Prosecutors charged the company with paying more than $6 million in bribes, in violation of the U.S. Foreign Corrupt Practices Act.

Spokesman Shawn Howard says the company began filling the US$2.3-billion line with oil Saturday morning in Cushing, Okla.

The crew of the GSF Grand Banks are being commended by the rig owner for their work in handling the semi-submersible, after the rig lost its tow and spent two unplanned days on its own in the North Atlantic last week.

Energy companies trying to raise almost $50 billion for Canada's first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them.

Residents of La Vega, Guatemala, try out the new well, constructed last year with the help of a team of Fort Wayne City Utilities volunteers.