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Businesses, Families Considering Contingency Plans for Pipeline Accidents

cold hands

By: Archie Ingersoll, INFORUM FARGO – A Canadian pipeline explosion that created a shortage of natural gas and prompted calls to curb usage over the weekend in the Fargo-Moorhead area has put a focus on the region’s preparations for a widespread outage of a heating source during a cold spell. The pipeline explosion south of Winnipeg led Xcel Energy to ask ...

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FIG Tree Capital Ventures Commits $10 Million to the Bakken /Three Forks Shale

fig tree

McKinney, Texas (PRWEB) January 27, 2014 The Bakken shale is known as one of the most prolific oil discoveries in the last 50 years. The Bakken/Three Forks Shale formations are responsible for producing over 1,000,000 barrels of oil per day and that number it is expected to increase substantially over the next few years. FIG partners with publicly traded operators, ...

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Crude Weekly Update


Oil Inventories This week, WTI and Brent crude oil prices diverged in movement.  Brent rose for a 4th consecutive day as US distillate inventory declined more than expected; while WTI was pressured by disappointing Chinese PMI data and comments from the Iranian President that the Middle East country would have a compelling new model for oil investment by September. The ...

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Exclusive: World buyers line up to buy US natural gas – Reuters

world buyers

By Oleg Vukmanovic and Edward McAllister LONDON/NEW YORK (Reuters) – Countries across the world have been quietly signing deals in recent months to import natural gas from the United States, revealing a growing appetite for the fuel overseas as domestic output soars. Up to a dozen long-term deals, each worth billions of dollars, have been penned behind closed doors with ...

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Oil jumps above $96; natural gas soars 6 percent


NEW YORK (AP) — The price of oil rose nearly 2 percent Wednesday as oil started flowing through a new pipeline to the Gulf Coast and traders anticipated another decline in U.S. supplies. Meanwhile, natural gas futures shot up almost 6 percent as temperatures in many parts of the Northeast dropped into the single digits, and strong demand tapped the ...

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Oil heads towards $108, IEA says demand to accelerate

oil money

By Elizabeth Dilts NEW YORK, Jan 21 (Reuters) – Brent oil futures rose on Tuesday as the global energy watchdog forecast strong demand and as continuing instability in Libya fed doubts about when supply from that country would rebound. U.S. crude oil futures jumped early as traders bought contracts to cover positions ahead of the expiration of the February contract. But U.S. oil ...

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Oil price holds near $94


The price of oil rose slightly Friday and finished the week 2 percent higher on signs of rising demand in the U.S., the world’s biggest oil consumer. Benchmark crude for February delivery rose 41 cents to close at $94.37 in New York. Oil is up 2 percent since closing last Friday at $92.72. Brent crude for March delivery was up ...

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