Closing Bell Story‎

From Bloomberg: Barack Obama belittled the Keystone XL pipeline debate even as he brought it to a close. The project, which would have delivered heavy, oil-sands crude from Western Canada to the Gulf Coast, “has occupied what I, frankly, consider an overinflated role in our political discourse,” he said Friday. “It became a symbol too often used as a campaign

HOUSTON, Nov. 09, 2015 (GLOBE NEWSWIRE) — Marathon Oil Corporation (MRO) announced today that the Company has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fields in the Gulf of Mexico for $205 million. The buyer will assume all future abandonment obligations

From Bloomberg Star Petroleum Refining Pcl, a Thai refining unit of Chevron Corp., plans an initial public offering of as much as 15.6 billion baht ($434 million) to repay some loans and fulfill its obligation to the government for a stock listing. Star Petroleum, owned 64 percent by Chevron at present, will raise about 3.1 billion baht from the sale

HOUSTON, Nov. 09, 2015 (GLOBE NEWSWIRE) — Energy XXI (EXXI) today announced financial and operating results for the three months ended September 30, 2015 (fiscal 2016 first quarter), and provided an operations update. Highlights include: Production continues to be stable 1Q 2016 net oil production averaged 42,200 barrels per day 1Q 2016 total net production averaged 58,900 barrels equivalent per day

DALLAS–(BUSINESS WIRE)–Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) announced that effective today, Marshall (Mackie) S. McCrea, formerly President and Chief Operating Officer of ETP, has been promoted to Group Chief Operating Officer and Chief Commercial Officer for ETE. Also effective today is the appointment of long-time ETE board member, Matthew S. Ramsey as President

HOUSTON, Nov. 9, 2015 /PRNewswire/ — Energy Water Solutions (“EWS”) today announces the culmination of a six-month project to irrigate a cotton crop in Pecos, Texas, using recycled produced water from nearby oil and natural gas activity in the Delaware Basin.  This cotton-growing project is the first of its kind in Texas and required a groundbreaking coalition of partners to make

Hercules Offshore, Inc. (Nasdaq: HERO) (the “Company” or “Hercules”) announced today that it has completed its financial restructuring and emerged from Chapter 11, and funding of the Company’s new $450 million senior secured credit facility has been completed. “Today marks the beginning of a new chapter for Hercules. Proactively restructuring our balance sheet early in the cycle generated significant benefits for

Commentary by Richard Zoellick, Special to The Wall Street Journal Secretary of State John Kerry’s new diplomatic process for dealing with Syria’s harrowing civil war involves convening a series of talks in Vienna. The effort is probably well-intentioned. But I cannot conceive of what he expects to accomplish. Does anyone really believe that Syria can be put back together again

Story by The Calgary Herald Rejection of the Keystone XL pipeline will complicate and add cost to getting western Canadian oil to U.S. markets but it isn’t expect to actually prevent any shipments reaching south of the border, observers say. The decision announced Friday by U.S. President Barack Obama was greeted with disappointment by Calgary oil producers, industry insiders and local businesspeople

Story by the Financial Post While TransCanada Corp. has been cooling its heels on its Keystone XL proposal for the past six years, the oil pipeline business has been booming in the United States. Crude oil pipeline mileage rose 9.1 per cent last year alone to reach 66,649 miles, according to data from the Washington, D.C.-based Association of Oil Pipe