Phillips 66 to spend $700M more next year
The company said it will spend $4.6 billion next year, with more than two-thirds of that investment earmarked for boosting its midstream assets. More »
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Dover’s $430m purchase shows appeal of specialty oil field service firms
Oil field service companies will have to be far more frugal as crude prices fall. More »
U.S. rig count grows despite oil price slump
Future output in the U.S. is at risk with oil trading below $80 a barrel. More »
Harold Hamm’s ex-wife appeals $1 billion divorce ruling
Divorce attorneys expressed surprise after the ruling that a billionaire’s spouse didn’t get at least 25 to 30 percent of the couple’s assets when the marriage was formally dissolved last month. More »
Kinder Morgan may include condensate exports in revived West Coast line
The line, dubbed the Freedom Pipeline Oil Project, was originally planned to ship as many as 400,000 barrels of crude per day to refineries on the West Coast. More »
Do gasoline prices affect home values?
Researchers say their study, based on the sales more than 900,000 homes, is the first to examine the direct impact of gasoline prices on home values using data for specific properties. More »
Brent heads for 5-year low as Saudi discounts spur competition
Futures slid as much as 1.1 percent in London and are headed for a second weekly decline. More »
Halliburton, Baker Hughes name leaders for merger planning team
The integration process is expected to begin after the deal closes in 2015. More »
U.S. has enough shale gas for petrochemical expansions
Gas prices collapsed two years ago had have remained low since, prompting some drillers to turn their focus to more lucrative regions rich in oil and other liquids. More »
Ford’s aluminum body F-150 makes its debut
Ford says it’s the first truck to have an aluminum body, and as a result, it weighs about 700 pounds less than previous models. More »
Oil prices go back on the decline
WTI for January delivery dropped 57 cents, or 0.9 percent, to end at $66.81 a barrel. More »
Bird’s fate shaping energy development in US West
The grouse’s huge range, covering portions of 11 states and an area more than four times as big as New England, includes vast oil, gas and coal reserves and the best type of windy, open country for developing wind power. More »
Man pleads guilty in oil spill fraud case
Charlie English worked as a claims adjuster for the Gulf Coast Claims Facility. More »
Lawsuit filed in deadly offshore explosion
Separate lawsuits say the companies did not ensure equipment was cleared of all flammable materials and gases. More »
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