Oil Gas Prices

ArcLight reports agreements to construct and operate new crude oil gathering, storage and transmission systems in the core of the Eagle Ford Shale

ArcLight reports agreements to construct and operate new crude oil gathering, storage and transmission systems in the core of the Eagle Ford Shale BOSTON ArcLight Capital Partners, LLC (ArcLight) reported that Republic Midstream, LLC (Republic Midstream), a newly formed portfolio


31 Jul 2014 | 12:34 am EDT

RKI reports exchange agreement with Chesapeake Energy for Powder River basin, Wyoming Properties

RKI reports exchange agreement with Chesapeake Energy for Powder River basin, Wyoming Properties OKLAHOMA CITY RKI Exploration & Production, LLC (RKI) reported that it has entered into an Exchange Agreement with Chesapeake Energy Corporation (CHK), for properties located in the


31 Jul 2014 | 12:23 am EDT

Chiyoda, CB&I JV bags FEED contract for Golden Pass LNG export project

Chiyoda, CB&I JV bags FEED contract for Golden Pass LNG export project YOKOHAMA, China Chiyoda Corporation (Chiyoda) reported that it has been awarded the continuing Front End Engineering Design (FEED) services contract by Golden Pass Products, LLC (GPP), a joint


30 Jul 2014 | 10:14 pm EDT

Quicksilver files NEB application for exports from Discovery LNG

FORT WORTH, Texas -- Quicksilver Resources' wholly-owned subsidiary, Quicksilver Resources Canada Inc. (QRCI), has filed an application with the Canadian National Energy Board to export up to 20 mtpa of LNG from its Discovery LNG site located near Campbell River, British Columbia.


30 Jul 2014 | 10:30 am EDT

Newfield to sell Granite Wash assets for $588 million

THE WOODLANDS, Texas -- Newfield Exploration Company has announced the signing of a $588 million purchase and sale agreement for its Granite Wash assets to Oklahoma City-based Templar Energy LLC (operating through Le Norman Operating LLC). Newfield' s assets in the Granite Wash include approximately 42,000 net acres and current net daily production is nearly 65 MMcfed, of which approximately 60% is natural gas. Proved net reserves at year-end 2013 were approximately 38 MMboe.


30 Jul 2014 | 7:30 am EDT

Sanctions for Russia spread pain from Putin to Halliburton, BP

WASHINGTON, D.C. (Bloomberg) -- U.S. and European Union sanctions against Russia’s Vladimir Putin threaten to shut off some of the world’s largest energy companies from one of the biggest untapped energy troves on the planet. As violence escalates in eastern Ukraine between government and separatist forces, the EU sought to punish Russia for its involvement by restricting exports of deep-sea drilling and shale-fracturing technologies. The U.S. followed suit, with President Barack Obama announcing a block on specific goods and technologies exported to the Russian energy sector.


30 Jul 2014 | 6:42 am EDT

SM Energy acquires Baytex Bakken assets for $330 mn

SM Energy acquires Baytex Bakken assets for $330 mn CALGARY, Alberta Baytex Energy Corp (Baytex) reported that it has entered into an agreement to sell its North Dakota assets (the Assets) to SM Energy Company, effective July 1, 2014, for


29 Jul 2014 | 11:48 pm EDT

Anadarko boosts 2014 growth plans in domestic output surge

THE WOODLANDS, Texas (Bloomberg) -- Anadarko Petroleum Corp., the global explorer under investor pressure to grow after paying almost $10 billion in legal claims since 2011, beat second quarter profit estimates and raised growth forecasts as output rose to a record.


29 Jul 2014 | 3:14 pm EDT

U.S. DOE announces steps to reduce methane emissions by modernizing natural gas infrastructure

U.S. DOE anounces steps to reduce methane emissions by modernizing natural gas infrastructure WASHINGTON D.C. – The White House and the Department of Energy hosted the fifth in a series of meetings on reducing methane emissions from natural gas systems.


29 Jul 2014 | 12:00 pm EDT

Chesapeake expands Rockies shale, retires costly payouts

OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash. Chesapeake will repurchase $1.26 billion of preferred shares of its CHK Utica unit that burned through $75 million a year in dividends, enough to drill more than a dozen shale wells, the Oklahoma City-based company said in a statement.


29 Jul 2014 | 9:34 am EDT

Variable Bore Rams opens second distribution center in Texas

LAFAYETTE, Louisiana -- Variable Bore Rams has expanded with a new distribution center in Midland, Texas, President Hines M. “Chip” Marshall Jr. announced.


29 Jul 2014 | 7:21 am EDT

WTI trades near 2-week low before supply data; Brent steady

NEW YORK (Bloomberg) -- West Texas Intermediate crude traded near the lowest level in almost two weeks before data on fuel supplies and economic strength in the U.S., the world’s biggest oil consumer. Brent was steady in London.


29 Jul 2014 | 6:30 am EDT

Cameron to supply 20,000-psi BOP stack for Freeport McMoRan Oil & Gas

HOUSTON -- Cameron announced that it has received an order from Freeport-McMoRan Oil & Gas LLC to supply a 20,000-psi blowout preventer stack.


29 Jul 2014 | 5:47 am EDT

Sam Moharir joins FairfieldNodal as senior director, system sales

SUGAR LAND, Texas -- FairfieldNodal has announced that Sam Moharir has joined the company as the senior director of system sales, reporting to Walter Pharris, FairfieldNodal’s president and CEO.


29 Jul 2014 | 5:30 am EDT

Iraq gets U.S. court order seizing Kurdish crude off Texas

GALVESTON, Texas (Bloomberg) -- The Iraqi Oil Ministry persuaded a U.S. judge to issue an order for the seizure of more than $100 million of oil in a tanker waiting off Galveston, Texas, that it claims was illegally pumped from wells in Kurdistan. Kurdish officials “misappropriated” more than 1 MMbbl of oil from northern Iraq and exported it through a Turkish pipeline, according to a complaint filed on July 28 in federal court in Houston.


29 Jul 2014 | 2:42 am EDT

FortisBC awards Tilbury LNG expansion project to Bechtel

FortisBC awards Tilbury LNG expansion project to Bechtel SURREY, British Columbia FortisBC Energy Inc. (FortisBC) reported that it has selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (the Project). The


29 Jul 2014 | 12:11 am EDT

BP’s second quarter profit rises on U.S. oil output boost

BP’s second quarter profit rises on U.S. oil output boost NIDAA BAKHSH LONDON (Bloomberg) BP Plc, reported a 34% increase in second quarter profit while warning that increasing sanctions against Russia could “adversely impact” business. Earnings adjusted for one time


28 Jul 2014 | 11:32 pm EDT

Turbines Inc names Natalie Hampton as General Manager of its Odessa, Texas operations

Turbines Inc names Natalie Hampton as General Manager of its Odessa, Texas operations ODESSA, Texas  Turbines Inc, has appointed Ms. Natalie Hampton to the position of General Manager at Turbinesinc Odessa, LLC, the company’s sales distribution facility located in West


28 Jul 2014 | 7:59 pm EDT

Post Oak Energy Capital commits $150 mn to CP Exploration II, LLC

Post Oak Energy Capital commits $150 mn to CP Exploration II, LLC HOUSTON, Texas Post Oak Energy Capital, LP (Post Oak), through investment partnerships it manages, reported that it committed to a $150 million line of equity to CP Exploration


28 Jul 2014 | 7:08 pm EDT

Schramm names Bobby Bryan as COO

Schramm names Bobby Bryan as COO WEST CHESTER, Pennsylvania Schramm Inc, reported that industry veteran Bobby Bryan has been appointed to the newly created position of Chief Operating Officer (COO) based in West Chester, PA. The position was created to


28 Jul 2014 | 6:52 pm EDT

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