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Exxon gets U.S. sanctions reprieve to shut Arctic oil well

IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. said the U.S. government is giving the company more time to shut its Russian Arctic well beyond the deadline for sanctions aimed at halting the $700 million project. Exxon asked Washington for an extension to allow it to continue performing shut-down work on the Universitetskaya-1 (University-1) well in Russia’s Kara Sea to make sure the well was safe before it’s temporarily abandoned. The Irving, Texas- based company already had ceased drilling the offshore well after U.S. sanctions set a Sept. 26 deadline for ending the work.

19 Sep 2014 | 5:01 pm EDT

Keystone pipeline cost may soar to $10 billion, TransCanada says

CALGARY, Alberta (Bloomberg) -- The cost of building the Keystone XL oil pipeline, which is awaiting approval from the U.S. after an initial rejection, may climb 85% to $10 billion, according to developer TransCanada Corp. The new estimate, confirmed by Calgary-based company spokesman Shawn Howard Sept. 18 after comments made by CEO Russ Girling to the Wall Street Journal, increases the project cost from the current $5.4 billion.

19 Sep 2014 | 7:02 am EDT

Exxon, Rosneft said to halt Arctic drilling on sanctions

IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. and OAO Rosneft halted drilling on an offshore oil well intended as the first step in unlocking billions of barrels of crude in Russia’s remote Arctic, according to people familiar with the project. Work stopped just a few days after the U.S. and European Union barred companies from helping Russia exploit Arctic, deepwater or shale-oil fields, said three people with knowledge of the rig’s operations who asked not to be named since they weren’t authorized to speak about the project.

19 Sep 2014 | 2:52 am EDT

Exxon, LINN Energy agree to swap more assets

HOUSTON -- LINN Energy has signed a definitive agreement to trade a portion of its Permian basin properties to Exxon Mobil for operating interests in California' s South Belridge field. The transaction is expected to close in the fourth quarter of 2014 with an effective date of June 1, 2014.

18 Sep 2014 | 11:08 pm EDT

.xyz on Net Neutrality

All the buzz these days is something near and dear to our hearts – and that’s the topic of Net Neutrality. Here at .xyz, our core mission to provide the most affordable and flexible domain extension is rooted in the same principles as Net Neutrality. Regardless of age, location, or interests, everyone should have equal access to the internet.

The internet is one of the world’s greatest inventions that allows us to connect, share ideas, conduct business, and even spur social change from our living room or a cafe. Here in the US, the Federal Communications Commission (FCC) is trying to set new rules that essentially give Internet Service Providers (like AT&T, Verizon, and Comcast) the ability to charge HUGE amounts of money in order to get faster internet. Equal access – the backbone of Net Neutrality – is taken away if this ruling goes through.

What does that mean for you, #GenXYZ? Say you’re ready to take your amazing new venture online. Today, you register your .xyz domain, build an awesome website, and start promoting your business. That’s the beauty of the internet – it makes it easy for individuals like Nader.xyz to showcase his portfolio, build his business, and get found online.

Now, if the new FCC rules are put into place, individuals and businesses will all of a sudden be asked to pay a premium for the bandwidth and service they already signed up for. That’s like waiting in line at the buffet and watching people cut in front of you because they tipped the server.

What do you do when a website doesn’t load for even 15 seconds?




….Exactly. You’ll move on. Unless you can shell out potentially big bucks, visitors will turn away from your site because the faster internet speeds will be reserved for the guys that are willing to pay more for it.

The FCC accepted public comments and almost 3.7 million poured in (that’s equal to the entire population of Los Angeles)! And the majority are in support of Net Neutrality. Join us, #GenXYZ, in fighting for Net Neutrality. First step? Visit SaveTheInternet.com to learn more and take action.

We promise to continue to offer .xyz as the most affordable and flexible domain extension for every website, everywhere, so YOU have the power to shape and grow your place on the internet. As the only global domain extension that gives unlimited choice to individuals and businesses alike, Net Neutrality is what we strive for.

In support of Net Neutrality,
Team XYZ

18 Sep 2014 | 9:14 pm EDT

Mediterranean Urals crude differentials under pressure as arbitrage booms

Platts editors discuss the recent weakness in the Med Urals market, where crude differentials have dropped relative to the Northwest European market as incoming arbitrage barrels from the Persian Gulf and Latin America work to divert demand.

18 Sep 2014 | 6:30 am EDT

Lee Company introduces zero leak check valve

WESTBROOK, Connecticut -- The Lee Company' s new 375 Zero Leak Chek is a miniature check valve featuring a seat with an elastomeric seal to achieve zero leakage. Weighing only 11 grams, the .375-in. diameter check valve is capable of flowing 1.9 GPM at 25 psid.

18 Sep 2014 | 4:58 am EDT

Wild Well Control adds new subsea capping stack in Singapore

Wild Well Control adds new subsea capping stack in Singapore HOUSTON – Wild Well Control, Inc., a Superior Energy Services company and a global leader in firefighting and well control, has unveiled its new subsea capping stack for response to

18 Sep 2014 | 3:42 am EDT

Continental Resources appoints Jack Stark as President, COO

OKLAHOMA CITY, Oklahoma -- Continental Resources has announced that Jack Stark has been appointed President and COO. Stark joined the company in 1992 and has served as Continental' s senior V.P. of Exploration since 1998.

17 Sep 2014 | 11:49 pm EDT

Cheniere shareholders revolt against highest U.S. executive pay

Cheniere shareholders revolt against highest U.S. executive pay ZAIN SHAUK HOUSTON (Bloomberg) Cheniere Energy Inc. shareholders delivered a rebuke to the best paid U.S. executive, saying in a vote that they opposed his $142 million pay package. Shareholders of Cheniere,

17 Sep 2014 | 11:43 pm EDT

Rowan Companies makes management changes

HOUSTON -- Rowan Companies has reported that J. Kevin Bartol, executive V.P., CFO and treasurer, has decided to leave the company to pursue other opportunities. The company also announced that Melanie M. Trent has been promoted to executive V.P., general counsel and chief administrative officer.

17 Sep 2014 | 9:47 pm EDT

Suncor Energy sells share of Pioneer Energy assets

Suncor Energy sells share of Pioneer Energy assets CALGARY, Alberta Suncor Energy along with The Pioneer Group Inc., has reached an agreement to sell the assets of Pioneer Energy to Parkland Fuel Corporation for $378 million. Suncor, as one of

17 Sep 2014 | 9:36 pm EDT

U.S. crude output surges to highest since '86 on shale boom

WASHINGTON, D.C. (Bloomberg) -- U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence. Output rose 248,000 bpd to 8.838 million, the most since March 1986, according to Energy Information Administration data. The combination of horizontal drilling and hydraulic fracturing has unlocked supplies from shale formations in the central U.S., including the Bakken in North Dakota and the Eagle Ford in Texas.

17 Sep 2014 | 8:24 am EDT

WTI crude trades near two-week high on OPEC target, Brent steady

WTI crude trades near two week high on OPEC target, Brent steady BEN SHARPLES and GRANT SMITH NEW YORK (Bloomberg) West Texas Intermediate traded near the highest price in almost two weeks after OPEC’s secretary general said the group may

17 Sep 2014 | 12:13 am EDT

Apache said to seek up to $840 million for Alberta energy assets

Apache said to seek up to $840 million for Alberta energy assets SCOTT DEVEAU HOUSTON (Bloomberg) Apache Corp., the oil producer under investor pressure to shed its international assets, is seeking to raise as much as $840 million from the

17 Sep 2014 | 12:06 am EDT

Vanguard to acquire NGLs properties in the Piceance basin, Colorado

Vanguard to acquire NGLs properties in the Piceance basin, Colorado HOUSTON, Texas Vanguard Natural Resources, LLC (Vanguard) has entered into a definitive agreement to acquire natural gas, oil and natural gas liquids (NGLs) assets in the Piceance Basin in Colorado

16 Sep 2014 | 11:13 pm EDT

Fracing study spurs call for stricter gas drilling regulation

Fracking study spurs call for stricter gas drilling regulation JIM SNYDER, JIM POLSON and BRADLEY OLSON WASHINGTON, D.C. (Bloomberg) A study that found natural gas drilling polluted drinking water is fueling calls for stricter standards for well construction that could

16 Sep 2014 | 11:02 pm EDT

Bill Barrett sells Powder River, Piceance basin assets

DENVER, Colorado -- Bill Barrett Corp. has signed purchase and sale agreements with several undisclosed purchasers for the sale of the majority of its Powder River basin acreage and its remaining position in the Gibson Gulch natural gas program in the Piceance basin. The transactions include an acreage exchange whereby Bill Barrett acquires 7,856 net acres and 390 boed net production within the southern block of its operated Northeast Wattenberg area in exchange for acreage in the Powder River basin.

16 Sep 2014 | 8:59 am EDT

Technip sells North American diving assets to Ranger Offshore

PARIS -- Technip has signed an agreement to sell 100% of its North American diving assets to Ranger Offshore. Technip’s strategy focuses on high technology and ultra-deepwater products and services.

16 Sep 2014 | 4:39 am EDT

Kurds ask judge to deny Iraq’s second bid to seize Texas tanker

Kurds ask judge to deny Iraq’s second bid to seize Texas tanker LAUREL BRUBAKER CALKINS HOUSTON (Bloomberg) The Kurdistan Regional Government asked a U.S. judge to reject the Iraqi Oil Ministry’s bid to use new legal theories to seek a

16 Sep 2014 | 12:11 am EDT


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