Oil & Gas News

The shareholders of Lundin Petroleum AB are hereby given notice of the Annual General Meeting of Shareholders to be held on Thursday 15 May 2014 at 1 p.m. .

A customer purchases gas Tuesday at the Mobil station at the corner of Diamond Bar Boulevard and Golden Springs Drive in Diamond Bar, where a gallon of regular unleaded sells for $4.79.

CARLSBAD >> A lawsuit over the county's ability to assess taxes against the oil and gas industry is awaiting an appellate court's decision.

Encana Corp. has advanced its plans for spinning off a portion of its assets in Western Canada into a separate publicly traded business, to be called PrairieSky Royalty Ltd .

Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners, has designed a 500,000-pound rig for the oil and natural gas industry that can walk, rotate 360 degrees, be operated with a remote control, and load pipe automatically.

Salvage operations for a barge that overturned and sank last week in the Mississippi River in northeast Arkansas are expected to begin.

Tulsa-based energy company Unit Corporation has announced it will contribute $3 million for the city's newest park planned along the Arkansas River.

MGM Energy Corp. announced today that, further to its March 11, 2014 press release, it has entered into a formal arrangement agreement with Paramount Resources Ltd. whereby Paramount would acquire all of the common shares of MGM Energy not currently owned by Paramount.

Hess Corp. is alerting its South Florida and Treasure Coast customers after more than a dozen of its gas stations were targeted by "skimming."

ConocoPhillips says it will resume exports of liquefied natural gas from a Kenai Peninsula facility.

The Toronto stock market was higher Monday amid a strong reading on U.S. retail sales and major deal-making in the resource sector.

Encana Corp. will sell substantially all the assets of a Denver-based liquefied natural gas unit to Texas-based Stabilis Energy under an agreement announced Monday.

Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks.

Chief Executive Elon Musk is reportedly visiting China this month for talks with China Petroleum & Chemical Corp. -- better known as Sinopec -- one of China's largest refiners, to build charging units in Sinopec's nationwide service-station network, according to a Chinese media report Monday.

Opponents of a proposed pipeline to carry Canadian oil south to the U.S. Gulf Coast have carved a message of resistance into a Nebraska field in the project's path.

2 on the list of Alaska oil ports. Last week, Skagway Mayor Mark Schaefer announced that officials from Northern Cross Yukon are interested in using the port of Skagway to export crude oil to a refinery in Washington state.

ConocoPhillips is one of those blue chips that has managed to post gains in the last month and continues to be a safe dividend play in the market.

Kuwait began importing LNG in 2009 and signed deals for Shell and Swiss-based trader Vitol to supply it during the peak power demand period from April to October over the last four summers.

There was an overflow crowd today at the Southport Congregational Church for the funeral service for Susan Walton Wynkoop, former FBI special agent and former president of the Westport Historical Society who died Monday at age 60. Terrance Cox, Wynkoop's supervisor at the FBI when they worked on the New York bank robbery task force, said, "It was ... (more)

US energy major Chevron, shielded by barbed wire, under police protection and under fire from egg throwers, is in trouble in Romania with villagers angry at its drive to drill for shale gas.