Oil and Gas Storage
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LONDON, April 5- Britain's biggest gas storage site ran dry of normal supply on Friday and is using gas usually reserved for the technical operation of the site, National Grid data showed.
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*Britain's stored gas reserves at record lows. *See more stories in Britain's gas market squeeze:. LONDON, March 22- Britain's wholesale gas prices surged to a record high on Friday after one of its main gas import pipelines shut down unexpectedly, exposing the country's vulnerability to foreign supplies.
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BUDAPEST, March 21- Hungary's government wants to buy a 51 percent stake in gas storage company MMFB which is now majority owned by oil and gas group MOL, the government said on Thursday.
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Russian state oil giant Rosneft closed today worth around $55 billion to take over TNK-BP and become the world's largest listed oil producer by output, with CNBC's Sharon Epperson.
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LONDON, March 21- British wholesale gas prices remained near record highs on Thursday morning, with high demand resulting from cold weather depleting storage sites to levels that would cover less than two days of demand. Traders said that the high prices were largely a result of low gas storage levels in Britain.
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*Entered into agreement to provide pipeline and terminaling services to the proposed Athabasca Oil Corporation. *Will construct a new 50- kilometre, 16- inch diameter pipeline from the hangingstone project to Enbridge's Cheecham terminal.
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*Gazprom signs Czech gas storage deal. Czech day ahead rose 2 percent to 46.75 euros, with the discount to neighbouring Germany widening to around 5 euros. signed a deal with Czech oil and gas company MND Group to build a $128 million gas storage facility in the European Union country that relies almost entirely on imported natural gas.
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*Enbridge Energy Partners agreed to three-year deal for railcar loading of. *Agreement with Enbridge Energy begins May 2013, with volumes ramping up to. *Magellan Midstream signed agreement to transport advantaged crude on.
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PRAGUE, March 20- Russia's Gazprom signed a deal with Czech oil and gas company MND Group on Wednesday to build a $128 million gas storage facility in the European Union country that relies almost entirely on imported natural gas. "Gazprom is a strategic partner for us," MND chairman Karel Komarek said. "
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March 19- PAA Natural Gas Storage LP:. *On March 18, 2013, co entered into an equity distribution agreement- SEC. aggregate offering price of up to $75 million.
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CALGARY, Alberta, March 18- Imperial Oil Ltd. said on Monday its expects its C $12.9 billion Kearl oil sands project to begin operating within the next two weeks, more than three months past its original target, but the company cannot yet say how much oil the plant will initially produce.
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March 18- CB&I:* Announces contract in Asia. procurement, construction of lng storage tanks on project in Asia. *Source text: CB&I announced today that it has been awarded a contract valued in excess of US $180 million for the engineering, procurement, construction and commissioning work for LNG storage tanks on a project in Asia.
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LONDON, March 18- British spot gas prices rose nearly 25 percent from pre-weekend closing levels as colder-than-expected weather boosted demand and storage facilities supplied their remaining gas at high prices. They fell back to 80 pence by 0950 GMT as more supply became available, mainly from Norway.
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One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
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LOS ANGELES, March 14- ENN Group Co Ltd, one of China's largest private companies, is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
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Although oil hit its highest level in nearly two weeks on Tuesday, some professional traders don't think it will last.
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*Deutsche Bank warns that low storage could cause price spike. *UK gas storage sites 18 pct full, down from 86 pct in Jan. Gas demand was expected to be around 305.2 million cubic metres on Friday, 8.5 percent above the seasonal norm, according to data from National Grid.
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ConocoPhillips is banking on shale as investors are banking on a growing company and a growing dividend, with Ryan Lance, ConocoPhillips Chairman & CEO and CNBC's Maria Bartiromo.
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Venezuela is in mourning for its late president Hugo Chavez. With Chavez's passing, there is a lot of uncertainty about the future of Venezuela's massive oil supply, reports CNBC's Bertha Coombs. Risa Grais-Targow, Eurasia Group, weighs in.
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Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
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The latest hunt for black gold is happening in California, with CNBC's Jane Wells.