Keystone Pipeline Operator to Buy Columbia Pipeline
TransCanada, the company behind the controversial Keystone XL oil pipeline project, agreed to buy Columbia Pipeline Group Inc. for $10.2 billion. View full article at www.wsj.com
No more Gulf drilling, advocates say
As the Obama administration pulls the Atlantic Ocean off a drilling list, activist backers on the southern U.S. coast said they’re wary of Gulf of Mexico plans. A consortium of Continue Reading
$2 Billion Loss for Generators as a Million U.S. Roofs Get Solar
Rooftop solar is casting a $2 billion shadow over power generators across the eastern U.S. With more than a million U.S. houses set to have solar panels by the end Continue Reading
Gazprom Neft expects more oil from Arctic
Russian oil company Gazprom Neft said it revised a production schedule to dramatically boost output from a field in the Arctic north of the country. Revised by a factor of Continue Reading
Russia has less than three decades of oil remaining
“Our recoverable oil reserves are about 29 billion tons. These are the ones that could theoretically be extracted from the subsoil. Crude oil production (without condensate) preliminarily amounted to about Continue Reading
Oil Advances as U.S. Output Falls Amid Slowing Stockpile Growth
Oil gained for a second day after climbing the most in more than three weeks as U.S. output fell and stockpile growth slowed. Futures advanced as much as 2.4 percent Continue Reading
Oil extends strong gains after supplier meeting agreed
Oil futures extended strong gains on Thursday, continuing to gather support after the world’s biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers, including Gulf Continue Reading
Oil Prices Rise on Producers’ Plan to Discuss Output Limits
Oil prices surged Wednesday on word from OPEC officials that Saudi Arabia and other leading exporters will limit their output even if Iran doesn’t cooperate. The market shrugged off mildly Continue Reading
Oil rises as producers announce meeting on output freeze
Oil prices edged up on Wednesday on an upcoming meeting in Qatar to discuss an output freeze and on expectations of U.S. production declines, but analysts warned that neither the Continue Reading
Natural Gas Rallies on Hopes for Falling Production
Natural-gas prices rebounded from earlier losses and gained for the eighth time in nine sessions as traders keep anticipating a tighter market in the months to come. Futures for April Continue Reading