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Oil and Gas Storage

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  • 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.

  • UPDATE 1-Magellan shifts focus to crude oil pipelines Tuesday, 8 Apr 2014 | 12:13 PM ET

    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.

  • Oil heads lower as Libya resolution appears near Wednesday, 2 Apr 2014 | 3:57 PM ET

    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.

  • US oil boom takes punch out of Putin on crude Tuesday, 1 Apr 2014 | 12:00 PM ET

    The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.

  • Washington, tear down this (oil export) wall: API Monday, 23 Dec 2013 | 1:20 PM ET
    Work at a fracking site.

    The oil industry's lobbying arm said it will push lawmakers to consider lifting a ban on crude exports in the new year.

  • Russia to cut Ukraine gas price by one-third Tuesday, 17 Dec 2013 | 10:37 AM ET
    Gas control valves on pipework bringing gas from Russia in Kiev, Ukraine.

    To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.

  • Rising fortunes of Asia's energy sector     Monday, 28 Oct 2013 | 8:20 PM ET

    Vandana Hari, Asia Editorial Director at Platts talks about the changing face of global energy landscape and highlights the upcoming key players.

  • Coast Guard Responds to Leaking Well in Gulf Tuesday, 9 Jul 2013 | 7:22 PM ET

    The US Coast Guard on Tuesday said it was responding to a leak from a natural gas and crude oil platform owned by Energy Resources Technology Gulf of Mexico LLC.

  • Road Trip! Summer May Bring Cheaper Gas Prices Wednesday, 10 Apr 2013 | 7:09 PM ET

    Gas prices are expected to slide this summer, delivering some relief to consumers. How low they go depends on where you live.

  • GE to Buy Oil & Gas Giant Lufkin for $3.38 Billion Monday, 8 Apr 2013 | 8:45 AM ET

    General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.

  • Pipeline Spills Stir New Criticism of Keystone Plan Wednesday, 3 Apr 2013 | 7:20 AM ET
    A weld inspector during construction of the Gulf Coast pipeline in Prague, Okla.

    Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.

  • Rosneft Becomes World's Largest Oil Producer     Thursday, 21 Mar 2013 | 2:15 PM ET

    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.

  • Chinese Firm Looks to Tap US Natural Gas Market Thursday, 14 Mar 2013 | 12:26 PM ET

    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.

  • Crude Climbs, but Traders Cast Doubt on Rally Tuesday, 12 Mar 2013 | 3:03 PM ET

    Although oil hit its highest level in nearly two weeks on Tuesday, some professional traders don't think it will last.

  • 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.

  • Venezuela Mourns Hugo Chavez     Wednesday, 6 Mar 2013 | 2:25 PM ET

    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.

  • Hess to Exit Retail to Focus on Oil, Gas Exploration Monday, 4 Mar 2013 | 10:26 AM ET

    Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.

  • California: Next Oil Frontier?     Thursday, 21 Feb 2013 | 2:45 PM ET

    The latest hunt for black gold is happening in California, with CNBC's Jane Wells.

  • Why Low 2013 Gas Prices Will Soon Evaporate Saturday, 5 Jan 2013 | 9:43 AM ET

    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.