Apache Corp. attaches growth to West Texas boom
Soaring oil production in the United States will drive the company's growth for at least the next four years, Apache Corp. leaders said at its annual investor day meeting Thursday.
View ArticleChesapeake shuns gas, shrinks rig count
Chesapeake Energy Corp., which calls itself America’s Champion of Natural Gas, said Tuesday it is basically giving up on gas drilling this year because it is not attractive to pursue new reserves of...
View ArticleNatural gas hinders Chesapeake’s gains
Beleaguered Chesapeake Energy Corp. posted $940 million loss in 2012, as low natural gas prices dragged down its results throughout the year, the company reported Thursday. Its year-end results showed...
View ArticleWorkers’ unsafe behavior triggers most terminal accidents, expert says
More training, standards and evaluation of workplace performance are needed to prevent accidents at bulk liquid storage terminals that handle crude oil, chemicals and other products, a safety expert...
View ArticleShale overload pushing exports to Asia to new highs
U.S. exports of natural gas liquids, already at a record amid surging output from shale deposits, are poised to quadruple by 2020 as the expansion of the Panama Canal cuts shipping costs to Asia.
View ArticleMore Eagle Ford pipeline expansion
A joint venture of Kinder Morgan Energy Partners LP and Magellan Midstream Partners LP has entered into a long-term agreement to move Eagle Ford Shale liquids for Anadarko Petroleum Corp.
View ArticleMacquarie fund buys terminals business in American expansion
A fund managed by Macquarie Group Ltd. agreed to take full control of a U.S. bulk liquid terminals operation for $1.03 billion in cash and stock as Australia’s largest investment bank expands its North...
View ArticleShell beats estimates, takes gas writedown
Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas...
View ArticleEIA: Eagle Ford to cross 1.5 million daily barrels in September
The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily...
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