oil and gas

crude oil rail terminal

Crude Oil Rail Terminal Operator Files for IPO

Transporting crude oil from the Bakken field in the Upper Midwest and the oil sands of Alberta has become a big business for railroads. As long as pipeline transportation remains ...
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Kinder Morgan pipeline

New Technology Could End the Debate Over Pipeline Safety

By James Stafford of Oilprice.com Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ...
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Blue flames of gas stove

Slower Natural Gas Inventory Growth Gives Prices a Boost

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 75 billion cubic feet for the week ending August 22. That compared with an ...
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4-Year Low on Tap for Labor Day Gas Prices

The average pump price of a gallon of gas is expected to reach $3.41 by the Labor Day weekend, down more than a penny from Wednesday’s price and down more ...
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Price Reaction Muted on Crude Oil Inventory Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.1 million barrels last week, maintaining a total U.S. commercial ...
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Offshore drill rig

Seadrill Sinking on Weak Outlook

Offshore drilling company Seadrill Ltd. (NYSE: SDRL) posted second-quarter 2014 results before markets opened on Wednesday. The company posted diluted earnings per share (EPS) of $1.24 on revenues of $1.22 ...
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Gas pipeline

CONE Midstream Files for IPO — Sponsored by CONSOL and Noble

CONE Midstream Partners L.P. filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on Tuesday. The total filing was $350 million for common units ...
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thumbs up

Kinder Morgan Receives Ultra-Fast FTC Merger Clearance

Kinder Morgan Inc. (NYSE: KMI) has already announced that the Federal Trade Commission (FTC) approved an early termination for the Hart-Scott-Rodino waiting period. This waiting period started on August 10, ...
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sunset empy road

Labor Day Travel to Rise as Gasoline Prices Plunge

A gallon of gasoline costs less today than at any time since last February, and the price is expected to continue dropping as U.S. motorists head into the Labor Day ...
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Crude Oil Inventory Drops Sharply, Driving Prices Higher

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.5 million barrels last week, maintaining a total U.S. commercial ...
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Blue flames of gas stove

Natural Gas Inventory Growth Slows

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 78 billion cubic feet for the week ending August 8, compared with an expected ...
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153715598

Crude Oil Inventory Continues to Drop, Prices Drop Too

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.4 million barrels last week, maintaining a total U.S. commercial ...
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Fuel pump in fuel tank

8 States Where Gas Costs Less than $3.25 a Gallon

Gasoline prices in the United States fell an average of $0.17 a gallon from July 1 to July 31. Since then, the average price has fallen nearly another $0.05 per ...
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Oil Tanker

IEA Chops Oil Demand Growth Estimate

The International Energy Agency (IEA) in its July release projected 2014 oil demand growth of 1.2 million barrels a day. It also projected at the time that demand would rise ...
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oil rig and tanker

Is Cal Dive Now Even Further At-Risk?

Cal Dive International, Inc. (NYSE: DVR) is finding itself in the soup yet again, after its chart resembles a staircase that has only gone down. Its stock has fallen by ...
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