Oil and Gas Storage
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Britain came within six hours of running out of natural gas in March, highlighting the risk of supply shortages amid declining domestic production, the FT reports.
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DUBAI, March 24- Three big Qatari liquefied natural gas deliveries should help replenish vital heating supplies for snow-covered Britain this week, but UK gas stocks remain uncomfortably tight with weeks of abnormally cold weather still to come.
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March 22- A Williams Cos natural gas gathering pipeline ruptured in Marshall County, West Virginia, a spokesman confirmed on Friday. At approximately 12:20 p.m. on Friday, company personnel "detected a possible line rupture on a 24- inch natural gas pipeline near Cameron on Fish Ridge Road," the spokesman told Reuters in an emailed statement.
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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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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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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.
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*Saudi Arabia to produce more crude in Q2-sources. *West to make "substantial and serious" offer to Iran. Expectations that Saudi Arabia intends to raise production in the second quarter added pressure, while a Western diplomat said major powers are ready to make "a substantial and serious offer" to Iran during talks on its nuclear program next week.
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SAN JUAN IXHUATEPEC, Mexico, Feb 4- As Mexico waits for news of what caused a deadly blast at the headquarters of state oil giant Pemex last week, survivors of the worst explosion in the company's history three decades ago still wonder what exactly happened then and what became of their friends.
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*Ownership disputed between Sudan and South Sudan. GENEVA/ KHARTOUM, Feb 4- Sudan has sold a cargo of oil of disputed ownership from South Sudan oilfields, a minister and trading sources said, in what is likely to be seen by the south as a provocation after security and oil transport talks between the two countries fell apart.
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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.
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*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.
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*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.
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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.
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*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.
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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.
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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.