Business

MDU Delaying Sale of Fidelity E&P Until Market Improves

MDU Delaying Sale of Fidelity E&P Until Market Improves

Bismarck, ND-based MDU Resources Group Inc. plans to keep Fidelity E&P Co., the exploration and production (E&P) unit, off the sales block this year and instead plans to work to strengthen its value, CEO David Goodin said.

February 5, 2015

Gasfrac Files For Protection on Reduced Activity, Limited Access to Markets

Calgary-based Gasfrac Energy Services Inc., a developer of waterless hydraulic fracturing technology, is seeking protection from creditors as it attempts a restructuring.

January 16, 2015
S&P Lowers Southwest Gas Ratings on Recent Purchase

S&P Lowers Southwest Gas Ratings on Recent Purchase

Standard & Poor’s Ratings Services (S&P) gave a thumbs-down Thursday to Las Vegas, NV-based Southwest Gas Corp.’s ratings based on the natural gas-only utility’s purchase of some Canadian pipeline construction companies for more than $200 million.

October 3, 2014

Encana’s PrairieSky Climbs 30% in Initial Trading

Canada’s biggest public offering in 14 years, Encana Corp.’s PrairieSky Royalty Ltd., beat back all contenders on the Toronto Stock Exchange Thursday in its debut, closing more than 30% higher than at the open.

May 29, 2014

BP Captures Natural Gas Price Upside on Cold Winter

Extreme winter weather during the first three months of this year helped BP plc grab the upside in domestic natural gas prices, which offset lower returns elsewhere in the group.

April 29, 2014

BP Writing Off Utica on ‘Disappointing Appraisal Results’

BP plc is taking a $521 million impairment on its Utica Shale acreage in Ohio and will not proceed with development in the play, top management said Tuesday.

April 29, 2014
BP to Separate Lower 48 Onshore Business

BP to Separate Lower 48 Onshore Business

To improve its innovation and react more swiftly, BP plc plans to separate its U.S. onshore Lower 48 business.

March 4, 2014

GE Oil & Gas Bolting on Horsepower with Cameron Deal

GE Oil & Gas is buying Cameron’s reciprocating compression business for $550 million in a deal intended to leverage the expansion of shale gas development worldwide.

January 21, 2014
Hess Continues Transformation With Plans for Retail Spinoff

Hess Continues Transformation With Plans for Retail Spinoff

Continuing it’s transformation into a pure-play oil and natural gas exploration and production company, Hess Corp. has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) for the formation of Hess Retail Corp., a subsidiary containing convenience stores and gasoline refueling stations that the New York-based energy company said it will then seek to sell.

January 9, 2014

EIA Reports Will Be Released Despite Shutdown

Despite the shutdown of the federal government, all of the Department of Energy’s Energy Information Administration (EIA) reports should be released on schedule this week and next, the agency said Tuesday. FERC also was conducting business as usual Tuesday for an unspecified time until its reserve funds run out. The Commodity Futures Trading Commission (CFTC) had only key personnel continuing to work.

October 2, 2013