Friday, February 24, 2017

U.S. rig count jumps by 10

U.S. drillers posted another week of double-digit rig gains last week after adding 10 rigs. According to data published by Baker Hughes, the U.S. rig...

EIA: U.S. crude production climbed for second straight month in November

U.S. crude production posted a second straight month of gains late last year, according to the U.S. Energy Information Administration (EIA). The EIA said on...

Five Enbridge lines reopen after Alberta spill

Several Enbridge pipelines were temporarily shut on Friday following a pipeline release in Alberta. Enbridge confirmed that it responded to a third-party strike on Friday at Line...

Transcanada files Nebraska application for Keystone XL

TransCanada said on Thursday that it has filed a route application for a stretch of the Keystone XL. The Calgary-based company has filed an application with the...

Richmond council member proposes fracking ban

A Richmond city council member has proposed a citywide fracking ban despite a lack of oil or gas development in the area. According to Richmond...

One dead, three injured after Saudi Aramco pipeline spill

One worker was killed and several others were injured on Saturday after a leak at a Saudi Aramco pipeline. Saudi Aramco confirmed in a social...

FTC approves $28 billion Enbridge, Spectra Energy merger with conditions

The U.S. Federal Trade Commission has approved the $28 billion merger between Enbridge and Spectra Energy after agreeing to a proposed consent decree. The Commission said...

Marathon Petroleum Q4 earnings beat expectations

Marathon Petroleum reported improved fourth quarter results although full year earnings tumbled year-over-year. Marathon reported 2016 fourth quarter earnings of $227 million, or $0.43 per...