Low oil prices send chills through oil patch
Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S. More »
Feds up Arctic oil estimates to satisfy court
The Obama administration is quadrupling its estimate of how much crude could be harvested from Arctic drilling leases it sold oil companies six years ago. Regulators also think there is a 75 percent chance of at least one large spill occurring in the area. More »
Shell says lower oil prices could affect pace in Permian
European oil giant Royal Dutch Shell saw its profits slide 4.6 percent in the third quarter as it began to feel the dip in crude oil prices. More »
Oil companies want more time for Arctic drilling
Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical. More »
Antero Resources’ midstream IPO looks for $788 million
Antero Resources Corp. launched its master limited partnership with a Monday initial public offering, as the company looks to become the latest producer to show its midstream assets to investors More »
Shell seeks five more years for Arctic oil-drilling drive
Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.” More »
Shell Midstream launches IPO
Royal Dutch Shell’s midstream partnership launched its initial public offering in New York Monday, the company announced Monday. More »
Oil slump means canceled projects as investment declines
With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts. More »
Shell Pipeline begins second open season for Westward Ho pipeline
The line will accommodate an anticipated increase in U.S. Gulf of Mexico crude oil coming into Louisiana. More »
Ethanol companies raided in EU benchmarks antitrust case
The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts. More »
Lego to scrap Shell deal after Arctic protest
Environmental activists Greenpeace launched in July a video showing an Arctic landscape with a Shell drilling platform made of Lego bricks covered in oil. More »
Houston startup raises $700M to tap aging Permian fields
The months-old company wants to pump money into the Permian Basin’s aging wells that could prosper again with carbon dioxide injections. More »
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