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Petsec Energy Ltd. has agreed to pay 35% of the costs to drill at least one well and as many as three others in a shale oil project in Alberta in exchange for a 24.5% working interest in shale oil leases covering 17,280 acres, the Sydney, Australia-based independent said. The seller was not disclosed.

Enbridge Energy Partners LP (EEP) said Tuesday that for at least the next three years, it plans to rely on rail facilities to transport crude oil from the Bakken Shale and Three Forks formations while it launches long-term plans to expand pipelines in the region.

At least one knowledgeable handicapper in the liquefied natural gas (LNG) export race in the United States thinks one longshot, the Jordan Cove LNG Project along the south-central Oregon coast, may prove to be a big winner.

At least one knowledgeable handicapper in the liquefied natural gas (LNG) export race in the United States thinks one upcoming long shot, the Jordan Cove LNG Project along the south-central Oregon coast, may prove to be a big winner.

Chesapeake Energy Corp. has completed the sale of $750 million of perpetual preferred shares of its newly formed entity CHK Utica LLC, the Oklahoma City-based producer said Monday.

The oil and natural gas industry can breathe easier — at least for the time being — now that the joint House-Senate super committee has conceded defeat in reaching a bipartisan agreement to cut the federal deficit.

The oil and natural gas industry can breathe easier — at least for the time being — now that the joint House-Senate super committee has conceded defeat in reaching a bipartisan agreement to cut the federal deficit.

Chesapeake Energy Corp. plans to sell stakes in at least three more onshore U.S. shale plays, CEO Aubrey McClendon told energy analysts Friday, and at the same time he claimed a leadership position for the company in the new natural gas age.

Colder-than-normal temperatures will dominate the Northeast through at least January, but current conditions indicate that the cold “will not be as extreme as it was during the last two winters,” according to Andover, MA-based Weather Services International (WSI).