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Shell CEO says U.S. should export oil to stabilize markets

talkin shell

NEW YORK (Reuters) – U.S. policymakers should gradually lift the country’s decades-old ban on crude oil exports because allowing the shipments would make the global energy system and fuel prices more stable, the head of Royal Dutch Shell Plc <RDSa.L> said on Tuesday. “Policymakers here in the United States should embrace a truly liberalized, diverse and global energy market,” Shell ...

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Bakken boom births high class club

Zachary Toliver | Shale Plays Media Ten years ago, the last place a suit would be required to enter an establishment would have been Williston North Dakota, let alone paying a $5,000 members fee. But times have changed and now, on Main Street in Williston, a business-minded individual (who is properly dressed for the occasion) can escape the presence of ...

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Pembina buys pipeline to tap into Bakken shale production

Reuters Pembina Pipeline Corp, which operates regional pipelines in western Canada, said on Tuesday it has agreed to pay $650 million to acquire Vantage pipeline system, which carries up to 40,000 barrels per day of natural gas liquids from North Dakota’s Bakken shale field to southern Alberta. Pembina is also buying Mistral Midstream Inc’s interest in a Saskatchewan ethane processing ...

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Algeria’s In Amenas gas plant returning to normal after attack

Joachim Dagenborg and Lamine Chikhi | Reuters OSLO/ALGIERS – A major gas plant in Algeria where 40 employees were killed by Islamist militants last year is returning to normal operations following a big step up in security, one of the plant’s operators said on Monday. Norway’s Statoil said the In Amenas plant, which accounted for about 11.5 percent of Algeria’s ...

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U.S. coal stocks could gain on Russia tension

Akane Otani NEW YORK (Reuters) – Beaten-down U.S. coal company stocks may receive a lift in coming weeks if deteriorating relations between Russia and the West push President Vladimir Putin to shut off Europe’s natural gas supply. The crisis in eastern Ukraine has emboldened Europe and the United States to impose broad sanctions on Russia. But Europe finds itself in ...

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Radiant Oil & Gas acquires 1,000 acres in Louisiana

Houston-based Radiant Oil & Gas has decided to jump on the new trend of re-drilling abandoned oil wells. As part of the business strategy associated with the recent acquisition of 1,000 acres in St Mary Parish in Louisiana, Radiant has identified 21 places where the company can re-drill abandoned wells in addition to drilling new ones. In today’s press release ...

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Chevron seeks up to $1.5 billion for Canadian oil project

Mike Stone NEW YORK (Reuters) – Chevron Corp <CVX.N> has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including private equity firms, according to people familiar with the matter. Chevron’s subsidiary, Chevron Canada Limited, has exploration leases for approximately 330,000 net acres (1,335 square ...

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Dynegy to spend $6.25B on power plant acquisitions

The Associated Press  Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners. Shares of the Houston power producer soared Friday before markets opened and after it announced the deals. The company plans to spend $2.8 billion on Duke’s retail business and ownership interest in several ...

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