Oil and Gas Exploration and Drilling
TransCanada announces new Western Canada gas pipeline
Jan 09, 2013 12:52 EST
TransCanada announced Wednesday it plans to build a Can$5 billion (US$5.06 billion) natural gas pipeline from the North Montney gas-producing region in Western Canada to a Pacific Coast port.
TransCanada to build Western Canada gas pipeline
Jan 09, 2013 11:34 EST
TransCanada announced Wednesday it plans to build a Can$5 billion (US$5.06 billion) natural gas pipeline from the North Montney gas-producing region in Western Canada to a Pacific Coast port.
Oil exec warns taxes could sink US energy rebirth
Jan 08, 2013 16:38 EST
A top US oil industry figure warned Tuesday that the country's energy renaissance could be threatened by "punitive" tax policies on oil and gas exploration.
Statoil, partners plan $10 bn Norwegian Sea investment
Jan 08, 2013 12:49 EST
Norwegian oil and gas group Statoil and its partners presented plans Tuesday to develop a Norwegian Sea gas field and build a pipeline at a cost of 57 billion kroner (8.0 billion euros, $10 billion).
Grounded Alaska oil rig refloated, no pollution seen
Jan 07, 2013 18:08 EST
An oil rig which ran aground in Alaska has been refloated and is being towed to a nearby harbor, with no signs of pollution seen, officials said Monday.
US fines Transocean $1.4 bn over Gulf oil disaster
Jan 04, 2013 05:22 EST
The United States hit drilling rig operator Transocean with $1.4 billion in criminal and civil fines for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
US fines Transocean $1.4 bn over Gulf oil disaster
Jan 03, 2013 20:50 EST
The United States hit drilling rig operator Transocean with $1.4 billion in criminal and civil fines for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
US salvage team boards grounded Alaska oil rig
Jan 03, 2013 09:40 EST
A six-member salvage team was lowered Wednesday onto an oil rig that ran aground in Alaska to assess options as the US Coast Guard vowed to prevent any ecological threat, officials said.
US to place salvage team on grounded oil rig
Jan 02, 2013 18:47 EST
US Coast Guards vowed Wednesday to prevent any environmental threat from an oil rig that ran aground in Alaska, as experts prepared to board the the structure to help decide how to salvage it.
US seeks to prevent spill from grounded oil rig
Jan 02, 2013 13:58 EST
US Coast Guard vowed Wednesday to prevent fuel from leaking from a Shell oil rig that grounded in Alaska after breaking free from tugboats towing it in heavy seas.
Argentina's YPF, Bridas to exploit shale
Dec 28, 2012 20:04 EST
Argentina's state-owned energy giant YPF said Friday it has signed an agreement with Bridas to exploit oil shale deposits with an initial investment of $1.5 billion over two years.
Taiwan plans oil, gas exploration in South China Sea
Dec 28, 2012 02:43 EST
Taiwan plans to start exploring for oil and gas in the South China Sea from next year, according to an official and local media, in a development that could increase tensions in the contested waters.
Struggling Sudan opens new oil field
Dec 27, 2012 11:02 EST
Sudan on Thursday opened its second new oil field in a week, as the country struggles to make up for the loss of billions of dollars in oil revenues lost when South Sudan separated.
S.Korea's Daewoo wins $1.8 bln order from Norway
Dec 25, 2012 01:53 EST
South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had secured a 1.9 trillion won ($1.8 billion) order to build a fixed platform for Norway's Statoil ASA.
Rosneft secures $16.8 bn for TNK-BP purchase
Dec 24, 2012 11:26 EST
Russian oil firm Rosneft said Monday it had signed two loan agreements worth $16.8 billion to finance the acquisition of British giant BP's 50-percent stake in the TNK-BP joint venture.
Iran warns of cancelling $5 bn China gas deal: media
Dec 24, 2012 08:22 EST
Iran has warned China it could cancel a much-delayed $5-billion offshore gas exploration contract in the Gulf, a news agency said on Monday.
Judge clears BP's $7.8 bn settlement in US oil spill
Dec 22, 2012 10:26 EST
British oil giant BP won approval from a US federal judge of a $7.8 billion settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.
World Bank to hear YPF takeover complaint
Dec 21, 2012 19:44 EST
The World Bank's arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina's expropriation of the company's former energy affiliate YPF.
ConocoPhillips sells off Nigerian operation
Dec 20, 2012 18:29 EST
US energy giant ConocoPhillips has agreed to sell its Nigerian operations to growing African group Oando for 1.79 billion dollars (1.35 billion euros), the Houston-based firm said Thursday.
BP says sells stake in China gas field to Kuwait
Dec 19, 2012 07:51 EST
British oil giant BP said on Wednesday that it had agreed to sell its stake in China's Yacheng gas field to the state-owned Kuwait Foreign Petroleum Exploration Company (KUFPEC) as part of a divestment programme.
