The Labor Department's Occupational Safety and Health Administration fined Freedom Industries $7,000 for keeping storage tanks containing crude MCHM behind a diked wall that was not liquid tight. OSHA also fined Freedom Industries $4,000 for failing to have standard railings on an elevated platform.» Read More
Nat gas prices are set to go higher, according to the chairman and CEO of energy-focused investment firm BP Capital.
April 28- Williams Partners LP said Monday it plans to return to service the four undamaged units at its natural gas processing plant in Opal, Wyoming, which shut last week after an explosion and fire damaged one of the facility's five units.
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.
U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
LONDON, March 13- Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another sign that oil majors are struggling to profit from the booming U.S. shale sector.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tries to export oil from a rebel-controlled port east of Tripoli, in a major escalation of a standoff over the country's petroleum wealth.
LUSBY, Md., March 2- Maps of Indian and Japanese ports paper the walls of a Dominion Resources Inc conference room in a small Maryland town, population 1,835, known more for crabbing and bird watching than global trade and the U.S. natural gas revolution.
PARIS, Feb 27- GDF Suez took a 15 billion euro writedown in 2013, mainly for gas storage and gas power plants whose value was hit by a price slump, but new dividend and profit guidance for the years ahead lifted its share price.
SINGAPORE/ MELBOURNE, Feb 26- Australia is turning into a playground for global oil traders, who are snapping up storage tanks and terminals as they bet on it to become Asia's top importer of oil products as demand rises and old, inefficient refineries close.
The autonomous region's prime minister and top energy official travelled to Baghdad earlier this week, intensifying efforts to settle the long-running dispute over exports of oil from Kurdistan via a new independent pipeline to Turkey.
BAGHDAD, Feb 19- Iraqi Kurdistan has agreed to export crude via the country's main oil marketing body, Deputy Prime Minister for energy Hussain al-Shahristani said on Wednesday, potentially removing a major sticking point in a row with the central government.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Feb 17- China's record imports of crude oil in January have largely, and correctly, been dismissed by the market as being artificially boosted by restocking ahead of the Lunar New Year holidays.
*U.S. crude for March delivery fell 13 cents to $100.23 by 0030 GMT after closing at $100.35 on Thursday. *Libya's oil output dropped to 460,000 barrels per day on Thursday after protesters shut down pipelines from the El Wafa and El Sharara oilfields, the National Oil Corporation said on Thursday.
Feb 7- Antero Resources Midstream LLC filed with U.S. regulators to raise up to $500 million in an initial public offering of its common stock. Antero Resources Midstream, formed by Antero Resources Corp, owns, operates and develops midstream energy assets including pipelines, compressor stations and fresh water distribution systems.
LOS ANGELES, Jan 31- Blu LNG, one of the biggest names in the move to wean U.S. trucks off diesel onto natural gas, has laid off 20 percent of its staff, ousted several senior executives and slowed down development of fueling stations as it waits for more truckers to embrace the switch to the cheap and cleaner-burning fuel.
*Baghdad hires law firm after Kurds open new pipeline to Turkey. LONDON, Jan 30- The Iraqi government has hired a law firm to target any buyer of what it considers illegally exported Kurdish crude oil, a Baghdad official said, toughening its tactics in a struggle to halt the northern region's drive for economic independence.
NEW YORK/ WASHINGTON, Jan 14- The U.S. In a 19- page document that included two dozen questions, the Fed offered a host of reasons for imposing new restrictions in the interests of protecting the safety and soundness of the banking system, invoking incidents among which were BP's Deepwater Horizon disaster and last summer's oil-train tragedy in Quebec.