News
Spectra purchase ‘hugely strategic,’ Enbridge CEO says
Spectra Energy, one of Houston’s biggest pipeline and energy infrastructure firms, has agreed to sell itself to Canada’s Enbridge for $28 billion in a stock-for-stock transaction that would create the largest company of its kind...
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New York considers raising ethanol blend limit
State officials in New York are considering whether to allow the sale of E15, gasoline blended with up to 15 percent ethanol, for model cars 2001 and newer. The rule change was proposed by the New...
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Shell begins production at Stones deepwater development
Shell said Tuesday that has started production at a its ultra deepwater oil fields in the Gulf of Mexico, about 200 miles southwest of New Orleans. The Stones development is expected to produce 50,000 barrels...
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Market Currents: Production freeze hopes fizzle
After yesterday’s accord between Saudi Arabia and Russia ignited an effervescent oil rally, we have now seen these hopes fizzle out once more. As the ‘task force’ agreement references no crimping of production levels, prices...
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EOG acquires Yates, expands Permian holdings
The Houston energy exploration and production company EOG Resources said Tuesday that it would buy Yates Petroleum to expand its holdings in the Permian and Powder River basins. The deal is valued at about $2.5...
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