Oil and Gas Storage

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• Chevron to realign its gas and midstream business

  SAN RAMON, Calif.-- Chevron Corp. said Thursday that it will realign its gas and midstream business by consolidating its supply and trading functions into a single group. Joseph Geagea, 53, will lead the new organization and remain a corporate vice president and president for gas and midstream.

• UPDATE 2-Two hurt in explosion, fire at Texas saltwater facility

  Jan 29- Two people were hurt in an overnight explosion and fire at a private oil and gas firm's saltwater disposal facility in east Texas on Tuesday, an executive at the company said. Terry Blackmon, the fire marshal for nearby Van, Texas, said the explosion and fire occurred at 3 a.m. CDT.

• UPDATE 3-Hess exits storage, refining; fund may seek board seats

  *Elliott Associates may nominate directors to Hess board. Jan 28- Hess Corp on Monday announced plans to sell its oil storage terminal network and exit the oil refining business, after activist hedge fund Elliott Associates said it was considering nominating directors to the Hess board.

• UPDATE 2-Hess exits storage, refining; Elliott may seek board seats

  *Hess to close New Jersey refinery. Jan 28- Hess Corp announced plans to sell its oil storage terminal network and exit the oil refining business, after activist hedge fund Elliott Associates said it was considering nominating directors to the Hess board.

• Airgas profit rises on higher gas sales, tank rentals

  Jan 24- Industrial gas supplier Airgas Inc reported a 14 percent higher third-quarter profit as gas sales and storage tank rental revenue rose by 6 percent. Profit rose to $82.9 million, or $1.05 per share, in the quarter ended Dec. 31, from $72.6 million, or $0.93 per share, a year earlier. Revenue rose 5 percent to $1.21 billion.

• Nigeria's NNPC taps 10 banks in move to clear fuel debts-source

  *BNP Paribas, Standard Chartered, Natixis among lenders. LAGOS, Jan 8- Nigeria's state-owned oil company NNPC is borrowing from at least 10 banks and using revenue from oil production to help clear a long-overdue $3.5 billion debt owed to foreign fuel traders, a banking source close to the deal said on Tuesday.

• UPDATE 7-Oil firm, Brent's premium to U.S. narrowest since Sept

  NEW YORK, Jan 7- Brent crude oil prices were steady above $111 a barrel on Monday while U.S. crude futures edged higher, cutting the spread between the two benchmarks by a penny to its narrowest since September as a U.S. pipeline expansion project neared completion.

• UPDATE 6-Oil slips, Brent's premium to U.S. narrowest since Sept

  NEW YORK, Jan 7- Brent crude oil prices slipped toward $111 a barrel on Monday while the U.S. futures contract held firm, narrowing the spread between the two benchmarks to the lowest level since September as traders eyed the anticipated start-up of a Midwest pipeline.

• Why Low 2013 Gas Prices Will Soon Evaporate

  

  Gasoline prices are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.

• Iran sidesteps sanctions to export its fuel oil

  *Iran average monthly exports higher in Jul-Oct vs H1. DUBAI/ GENEVA, Dec 20- Iran is becoming increasingly creative in dodging Western sanctions, managing to sell a rising volume of fuel oil to generate revenue equal to up to a third of its crude exports, which have been badly hit by restrictions.

• COLUMN-Frack on Your Majesty, you may be a shale gas winner:Kemp

  LONDON, Dec 14- Her Majesty Queen Elizabeth II could be in line for a windfall now that her government is prepared to start granting licences to frack for shale gas again.

• Natural Gas Inventory Down 73 BCF 

  

  CNBC's Sharon Epperson breaks down the latest data from the EIA Inventory Report.

• FACTBOX-History of major U.S. energy accidents

  NEW YORK, Nov 16- A fire at an offshore oil platform run by Black Elk Energy Offshore Operations LLC on Friday, which injured at least four people, is the latest accident to hit the U.S. energy industry.

• How Shareholders Are Squeezing the Fracking Industry

  

  Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.

• UPDATE 3-US natgas futures end up, front posts 1-yr high on weather

  NEW YORK, Nov 14- Most U.S. natural gas futures ended higher on Wednesday for the third straight day, with chilly Northeast and Midwest weather this week and expectations for the season's first weekly storage draw driving the front-month contract to a one-year high.

• New Jersey's Port Newark Opens 

  

  CNBC's Jackie DeAngelis reports the latest details on recovery progress in New Jersey, as the Garden State continues to implement a gas rationing system in 12 counties.

• Unlocking Gas Gridlock in Garden State 

  

  CNBC's Kate Kelly reports on restoring the fuel supply in New Jersey; and John Eichberger, National Association of Convenience Stores, discusses the drop in oil prices, as tempers flare on long lines at gas pumps.

• Sandy Leaves NY & NJ Area in Fuel Chokehold 

  

  CNBC's Kate Kelly reports storage facilities that gather and distribute gasoline and jet fuels are handicapped by flooding and power shortages.

• Alleviating the Gas Shortage 

  

  When will relief come to those impacted by the aftermath of Hurricane Sandy? CNBC's Kate Kelly reports the outlook.

• Hurricane Sandy Causes 'Gasmageddon' 

  

  CNBC's Mary Thompson reports diminishing fuel supplies are causing gas lines to grow at the pump. And CNBC's Kate Kelly reports how a lack of terminals is choking off gas supplies to the New York City area.