Oil Gas Prices

University of Michigan team wins BP Ultimate Field Trip 2014 U.S. competition

HOUSTON -- BP has announced that Team RECon of the University of Michigan has won the firm’s Ultimate Field Trip (UFT) 2014 U.S. competition, designed to identify top students in the fields of science, technology, engineering and mathematics (STEM).

23 Apr 2014 | 9:20 am EDT

Canada to require stronger tank cars to move crude by rail

OTTAWA, Canada (Bloomberg) -- Canada will require railways shipping crude oil to use stronger tank cars and reduce the speed of trains carrying dangerous goods. The Canadian government will ban the “least crash-resistant” of tanker cars known as DOT-111s from carrying dangerous goods, Transport Minister Lisa Raitt said.

23 Apr 2014 | 8:31 am EDT

Gulfport Energy names new CEO, COO

OKLAHOMA CITY, Oklahoma -- Gulfport Energy Corporation has announced that its Board of Directors has concluded its search for a CEO. Michael G. Moore has been promoted to CEO and has joined the company' s Board of Directors and J. Ross Kirtley has been promoted to COO. In addition, Michael S. Reddin has been appointed to the company' s Board of Directors.

23 Apr 2014 | 7:55 am EDT

Jee awarded major subsea contract

TONBRIDGE, United Kingdom -- Jee Ltd has been awarded a contract in support of a $14,000 million seven-year development. The contract, with a major offshore pipelay and subsea construction company, is as a result of recent oil field operations in Canada.

23 Apr 2014 | 6:10 am EDT

Kemira appoints Schlumberger exec as it seeks U.S. shale work

HELSINKI, Finland (Bloomberg) -- Kemira Oyj, Europe’s largest supplier of water-treatment additives, appointed Tarjei Johansen from Schlumberger Ltd. to lead its oil and mining unit as the Finnish company seeks to boost work on U.S. shale projects.

23 Apr 2014 | 3:05 am EDT

BP to sell four Alaska North Slope interests to Hilcorp

LONDON -- BP has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 50% interest in each of the Liberty and the Milne Point fields. The sale also includes BP’s interests in the oil and gas pipelines associated with these fields.

23 Apr 2014 | 2:32 am EDT

Halliburton to build drilling, testing and training facility in Texas

Halliburton to build drilling, testing and training facility in Texas CAMERON, Texas Halliburton reported plans for a drilling, testing and training facility near Cameron that will include testing and training wells, a workshop for tool preparation and inspection, offices, classrooms,

22 Apr 2014 | 10:03 pm EDT

NEOS GeoSolutions appoints Global Sales VP

NEOS GeoSolutions appoints Global Sales VP HOUSTON, Texas NEOS GeoSolutions reported that it has appointed Larry Scott as VP of Global Sales. Larry will report to Chris Friedemann, EVP, Sales & Marketing and Chief Commercial Officer. Mr. Friedemann commented, “We

22 Apr 2014 | 8:13 pm EDT

WTI falls most in three months on supplies; Brent premium grows

NEW YORK (Bloomberg) -- West Texas Intermediate oil dropped the most in more than three months, widening the discount to Brent, on projections that a government report will show U.S. crude stockpiles climbed last week. WTI fell as much as 2.4%.

22 Apr 2014 | 11:10 am EDT

Aker Solutions, Baker Hughes form subsea production alliance

OSLO and HOUSTON -- Aker Solutions ASA and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields.

22 Apr 2014 | 6:20 am EDT

Trendsetter Engineering promotes Ron Downing to President

Trendsetter Engineering promotes Ron Downing to President HOUSTON, Texas As part of its long term strategic vision of growth and innovation, Trendsetter Engineering, has promoted Ron Downing to the position of President. Downing assumes this responsibility from Mario Lugo who remains

21 Apr 2014 | 9:01 pm EDT

Nebraska says Keystone route ruling should be overturned

Nebraska says Keystone route ruling should be overturned ANDREW HARRIS LINCOLN, Nebraska (Bloomberg) A court challenge holding up TransCanada’s Keystone XL pipeline should be dismissed, Nebraska’s governor said, urging his state’s high court to allow the project to move forward.

21 Apr 2014 | 7:53 pm EDT

Students aim to beat 3,587 miles per gallon

HOUSTON -- As Shell Eco-marathon Americas 2014 fast approaches, more than 1,000 innovative high school and university students from across the Americas are entrenched in efficiency tests, safety checks and practice runs to ensure their super-mileage vehicles are ready for the competition taking place in Houston April 25-27.

21 Apr 2014 | 10:05 am EDT

Halliburton CEO sees recovery in hydraulic fracturing market

HOUSTON (Bloomberg) -- Dave Lesar sees better days ahead for Halliburton Co. in North America’s oversupplied fracing market. The more than two-year glut in pressure-pumping equipment used to shoot water, sand and chemicals underground to release trapped oil and natural gas is easing “much faster” than expected, the CEO said.

21 Apr 2014 | 9:51 am EDT

Veolia awarded water treatment contract for Shell’s Carmon Creek heavy oil project

PARIS -- Veolia has been awarded the contract by Shell Canada to design and supply a water treatment facility to recycle the water used for steam generation at Shell’s Carmon Creek heavy oil project in Alberta, Canada.

21 Apr 2014 | 6:00 am EDT

Exxon rejected by Supreme Court on $105 million New York award

NEW YORK (Bloomberg) -- The U.S. Supreme Court rejected Exxon Mobil Corp.’s appeal of a $105 million jury verdict it was ordered to pay for contaminating underground water in New York City with a gasoline additive.

21 Apr 2014 | 5:56 am EDT

Halliburton expects second-quarter earnings to grow by 25%

HOUSTON (Bloomberg) -- Halliburton Co. expects to boost earnings per share in the second quarter by 25% as the world’s largest hydraulic fracturing service provider overcomes bad weather and lower pricing in North America.

21 Apr 2014 | 4:20 am EDT

Fate of Keystone pipeline shifts to Nebraska

LINCOLN, Nebraska (Bloomberg) -- The focus of the Keystone XL debate has shifted from a fierce lobbying war in Washington to Lincoln, Nebraska, where the state Supreme Court has been asked to weigh a legal challenge to the pipeline.

21 Apr 2014 | 3:15 am EDT

Employee fatality at Suncor’s oil sands site

FORT MCMURRAY, Alberta -- Suncor Energy has reported an employee fatality at its oil sands site on Sunday, April 20, 2014.

21 Apr 2014 | 2:44 am EDT

Vanguard Energy reports sale of Batson Dome Field

Vanguard Energy reports sale of Batson Dome Field HOUSTON, Texas Vanguard Energy reported that it has entered into an agreement with an unrelated third party to sell all of Vanguard' s working interests and related equipment at its only operating field,

21 Apr 2014 | 12:28 am EDT


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