Oil & Gas News for energy industry professionals.
Latin American Markets: Petrobras shares up as oil-rights deal moves ahead
Sao Paulo-traded shares of Brazilian oil giant Petroleo Brasileiro SA rose Thursday, outperforming the broader market in the wake of the company's long-awaited oil-rights agreement that paves the way for a massive share sale likely to take place later this month.
Business Highlights
This year's back-to-school season isn't as big a bust for retailers as they feared - or as last year's - but it's not great either.
All Workers Aboard 'Vermillion 380' Rig Rescued; Coast Guard Reports Oil Sheen at Explosion Site
ABC26 News has confirmed that 13 workers were rescued from the 'Vermillion 380' oil rig after an explosion Thursday morning.
Temporary cap removed from BP well; oil not expected to leak into Gulf
Engineers removed a temporary cap Thursday that stopped oil from gushing into the Gulf of Mexico from BP's blown-out well in mid-July. No more oil was expected to leak into the sea, but crews were standing by collection vessels just in case.
Workers evacuated from burning oil rig in US Gulf
An oil and gas platform owned by Mariner Energy Inc was on fire off the coast of Louisiana on Thursday, but no oil was visible in the water and the 13 workers aboard the facility were rescued.
Mariner Energy Shares Fall After Platform Blast
Mariner Energy, Inc. shares dropped more than 4 percent Thursday following news that one of its production platforms exploded in the Gulf of Mexico.
Man killed in Okla. crane accident identified
Authorities have released the name of a man who was killed in a crane accident at the campus of Chesapeake Energy Corp.
Gulf oil platform explodes, burning off La. coast
An offshore petroleum platform exploded and was burning Thursday in the Gulf of Mexico about 80 miles off the Louisiana coast, west of the site where BP's undersea well spilled after a rig explosion.
Husky buys natural gas lands in Alberta foothills from Talisman Energy
Husky Energy Inc. has agreed to buy natural gas lands in west-central Alberta that could be worth as much as half a billion dollars, doubling its operations in the region as it focuses on boosting near-term production growth.
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