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Oil and Gas Storage

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  • With energy boom, Philly becomes the new Houston Sunday, 16 Nov 2014 | 9:00 AM ET
    The Philadelphia Energy Solutions refinery in Philadelphia, Pennsylvania.

    Philadelphia is developing a new reputation as a nexus of oil and gas transportation, which bodes well for its economy.

  • LONDON/ PARIS, Nov 3- European equities retreated from a four-week high on Monday, with a survey showing sluggish euro zone factory growth hurting market sentiment and gas transport group Snam leading the utilities sector lower following a gas storage ruling. The European utilities index fell 1.7 percent, the top sectoral decliner, on an 11 percent drop in Snam...

  • HOUSTON, Oct 31- Tesoro Corp doesn't expect to add stabilizers that remove flammable natural gas liquids from crude in North Dakota's prolific Bakken shale, where the company is expanding its pipeline infrastructure, Chief Executive Officer Greg Goff said on Friday. North Dakota plans to issue new rules for the treatment of crude on Nov. 13 to address the...

  • HOUSTON, Oct 29- U.S. refiner Phillips 66 said on Wednesday its third-quarter net profit more than doubled to $1.14 billion as margins benefited from the North American onshore oil boom. Earnings per share after certain items were $2.02, up from $0.85 a share in the year earlier period. Although profits at the company's chemical, midstream, and marketing units...

  • Oct 28- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19- $21 per unit. Shell Midstream owns stakes in four onshore and offshore pipelines in Texas and Louisiana. This includes a 43 percent stake in a crude...

  • Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.

  • Pickens: Natural gas prices are ready to rise Tuesday, 29 Apr 2014 | 1:23 PM ET
    Boone Pickens

    Nat gas prices are set to go higher, according to the chairman and CEO of energy-focused investment firm BP Capital.

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

    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
    Oil fracking

    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 on 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
    Rising fortunes of Asian energy sector

    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
    Rosneft Becomes World's Largest Oil Producer

    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 CEO: 'Dividend Underpins Our Performance'

    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.