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Oil & Gas

US oil and gas rig count down 12

June 2, 2008
According to the Associated Press, the number of rigs actively exploring for oil and natural gas in the United States fell by 12 this week to 1,877.Of the rigs running
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DOE says natural gas supplies rose last week

May 30, 2008
The Associated Press is reporting that natural gas in storage in the U.S. rose last week but is 0.5 percent below the five-year average for this time of year, a
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BP in pipeline deal with Panama company

May 27, 2008
According to the Associated Press, a unit of BP PLC said recently it signed a deal with a Panamanian company to transport crude oil via pipeline from the Atlantic side
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Monitor: BP improving safety after deadly accident

May 21, 2008
According to the Associated Press, oil giant BP PLC, criticized for a poor safety culture after a deadly 2005 plant explosion, is making substantial progress in improving safety of its
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More support for Exxon Mobil dissidents'' proxy fight

May 19, 2008
The Associated Press is reporting that four U.K.-based investors and a British proxy advisory firm publicly joined a group of dissident shareholders calling for an independent chairman at Exxon Mobil
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Judge rejects Imperial Oil request for permit

May 16, 2008
According to the Associated Press, Imperial Oil Ltd. failed recently to get a judge to reinstate a key water permit to build a $8 billion oil sands mine in Northern
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EU probes Statoil-ConocoPhillips deal

May 14, 2008
The Associated Press is reporting that the European Union opened an antitrust investigation recently into ConocoPhillips''s proposed sale of hundreds of gas stations in Scandanavia to Norway''s state-controlled oil company.The
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Alaska''s Prudhoe Bay oil output halted out by power outage

May 12, 2008
According to the Associated Press, oil production at Prudhoe Bay, the nation''s most prolific oil field, halted recently when a vehicle clearing snowdrifts damaged the power supply to processing centers.Prudhoe
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Agency to develop rules for investigating oil, gas markets

May 5, 2008
Under pressure from members of Congress upset about high gas prices, the Federal Trade Commission said recently it would begin developing rules allowing it to investigate alleged manipulation of the
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Crosstex to build $80M natural gas processing plant

May 1, 2008
The Associated Press is reporting that Crosstex Energy LP, which operates a natural gas pipeline and processing plants, said recently that it intends to build an $80 million natural-gas processing
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