NBC News' Janet Shamlian reports on a construction site fire that left a construction worker dangling from a balcony.» Read More
JACKSON, Miss.— Southern Co. says it has signed a deal with a state-owned Chinese coal and energy company to work together to develop coal technologies, based in part on the coal gasification and carbon capture technology that Southern subsidiary Mississippi Power Co. is deploying at the $5 billion Kemper County power plant.
HOUSTON— Noble Energy CEO Charles Davidson is retiring in the fall after more than a decade leading the oil and gas producer. Stover, 56, joined Noble Energy in 2002. Before that, he worked at oil companies BP, Vastar Resources and Atlantic Richfield.
Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say, just like Singapore and South Korea overtook the United States and Europe in the 1990 s.
NEW YORK— Shares of Goodrich Petroleum climbed Monday after the oil and gas company reported results from a new oil well in eastern Louisiana. The well is in the Tuscaloosa Marine Shale, which spans parts of Louisiana and western Mississippi. Goodrich Petroleum Corp. stock rose $5.11, or 27.8 percent, to $23.51 in afternoon trading.
LONDON, April 14- When BG Group Plc announced last week it was shifting the headquarters of its oil and liquefied natural gas trading operation to Singapore from Britain, it said the aim was to get closer to its customers. "Singapore has already attracted some people from Geneva," he added.
NEW YORK, April 11- U.S. crude oil rose to near a six-week high on Friday, steered by stronger gasoline demand and a positive consumer confidence report, but gains were capped by profit taking and a declining demand outlook.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 13 this week to 1,831.. Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.
CARACAS, April 10- Asia overtook North America last year as the main destination for Venezuelan exports of crude oil and processed fuels, according to preliminary data submitted to parliament by state oil company PDVSA. Asia received an average of 1.04 million barrels per day from Venezuela in 2013, up a fifth compared with the previous year.
April 10- Rite Aid Corp, the third-largest U.S. drugstore operator, forecast fiscal 2015 sales above analysts' estimates as it benefits from the launch of new generic drugs and enrolls more customers in its loyalty programs.
April 10- Rite Aid Corp forecast 2015 earnings above analysts' estimate, after reporting a higher-than-expected quarterly profit due to strong pharmacy same-store sales, sending its shares up about 10 percent before the bell. Rite Aid estimated full-year earnings of 31- 42 cents per share and sales of $26 billion- $26.5 billion.
*China now looking at using fuel to make petrochemicals. BEIJING, April 10- A deal between China's top refiner Sinopec Corp and Phillips 66 could be a game changer that signals the United States is on track to become one of the top suppliers of liquefied petroleum gas to the world's second-biggest economy.
The Coast Guard closed part of the river where it was searching for the two people, whose names hadn't been released. The barge overturned and sank at a terminal on the Arkansas side of the river near Blytheville, said Coast Guard spokesman Lt.
*IRS does not say how long delays will last. Lawyers specializing in the oil and gas sector have said the IRS wants to review the scope of assets that can qualify as tax-free for master limited partnerships, which have lured hundreds of billions of dollars from investors seeking high yields.
NEW YORK, April 8- Magellan Midstream Partners, the U.S. In a presentation made to investors on Tuesday, Magellan said of the $950 million it plans to spend between 2014 and 2016, 80 percent will go to crude oil projects primarily in and around Texas and its shale oil plays.
April 6- An unexplained blast this week at a liquefied natural gas facility in rural Washington state, which injured workers, forced an evacuation and raised alarm about a potentially large second explosion, could focus attention on the risk of storing massive gas supplies near population centers.
But at Rutgers University, the humanities study— already recognized as a strong point for the university— is getting a major boost with donations totaling $3 million to endow a faculty chair in the subject.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by nine this week to 1,818.. Louisiana lost six, Alaska fell by three, Kansas lost two and California, Colorado and Wyoming lost one each. Arkansas, North Dakota, Ohio, Utah and West Virginia were unchanged.
April 4- Oil and natural gas company Memorial Resource Development Corp filed with U.S. regulators on Friday to raise up to $700 million in an initial public offering of common stock. Citigroup was underwriting the IPO, Memorial Resource told the U. S Securities and Exchange Commission in a preliminary prospectus.
April 4- Kentz Corporation Ltd, a British engineer focused on the energy sector, said Meg Lassarat would replace Ed Power as chief financial officer. Lassarat was most recently the CFO of Houston- based engineering and field services company UniversalPegasus International. Power would stay on through August to facilitate a smooth transition, Kentz said.
BILLINGS, Mont.— Montana's Crow Tribe is pursuing a scaled-down proposal to build a plant converting coal and natural gas to liquid fuels after an earlier project stalled because of its high price tag, tribal leaders said Thursday.