U.S. crude output rises to highest since 1980s on shale boom
U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence. More »
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Cheniere’s Sabine Pass terminal nearing finish line
As companies scramble to announce new plants and expansion projects to capitalize on abundant supplies of cheap, natural gas, Cheniere Energy is nearly finished with the first phase of its liquefaction export terminal. More »
Plaintiffs accuse Exxon of stifling Arkansas oil spill case
In 2013, the Pegasus pipeline ruptured in central Arkansas, spilling thousands of gallons of oil in a Mayflower neighborhood. More »
Feds set ground rules for ConocoPhillips project in Alaska
ConocoPhillips’ plans for the first oil production facilities from federal lands in Alaska moved one step closer to reality on Wednesday, as the Interior Department released a critical environmental study on the project. More »
South Dakota poll: 60 percent support Keystone pipeline
The TransCanada Corp. project would transport oil from Canadian tar sands through Montana and South Dakota to Nebraska, where it would connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to refineries along the Gulf Coast. More »
Murray adds 100M tons to Illinois’ coal holdings
Murray Energy Corp., a privately held company with a dozen mines in Illinois and five other states, is among the nation’s most vocal coal producers. More »
Statoil suffers first loss on oil-sands project, crude drop
Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices. More »
Hess officials coy about what falling crude prices means for spending
On a week in which many executives have tried to downplay concerns about declining crude oil prices, the message provided one of the clearest pictures yet of how, exactly, the latest slide would affect earnings. More »
Anadarko CEO: Lower oil prices could bring more acquisitions
A decline in oil prices may offer up discounts for key acquisitions in Colorado and elsewhere, Anadarko CEO Al Walker said. More »
Hess profits increase 140 percent amid asset sale
Hess Corp.’s third quarter profits increased 140 percent to $1 billion, the New York-based exploration and production company announced, as the company enjoyed the proceeds of a massive asset sale. More »
Phillips 66 profits double on crude price plummet
Plummeting crude prices worldwide doubled Phillips 66′s profits in the third quarter, providing the company with a cheaper feedstock to run its refineries. More »
OPEC head tells oil market to stop panicking about prices
Crude collapsed into a bear market this month as Saudi Arabia and other producers deepened price discounts for their oil. More »
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