The pump price for regular unleaded gasoline in the US was $2.24/gal on Aug. 29, according to the US Energy Information Administration. This was the lowest price on the Monday before Labor Day since 2004, and 27¢/gal lower than the same time last year. Labor Day typically marks the last weekend that American consumers take […]

Subsidiaries of Lucid Energy Group II LLC, Dallas, have bought assets of Agave Energy Co., a natural gas gatherer and processor, and all outstanding stock of Agave Energy Holdings Inc. Source: News

OJSC Rosneft, BP PLC, and Schlumberger Ltd. have signed collaboration agreements on seismic research and development. Source: News

Williams Partners LP’s Transcontinental Gas Pipe Line Co. LLC (Transco) applied with the US Federal Energy Regulatory Commission for authorization to build its Gulf Connector project, a 475-MMcfd expansion in Texas and Louisiana to connect US natural gas supplies with global LNG markets. Source: News

A lackluster week for crude oil prices appeared to be ending with some upward movement following release of data showing smaller-than-expected US job growth. Source: News

Eni SPA reported that the Zohr 5x well, which was drilled to a TD of 4,350 m in 1,538 m of water offshore Egypt, has proved the presence of a carbonatic reservoir and natural gas accumulation in the southwestern portion of the Zohr megastructure. Source: News

Christine Shinnie has been named chief financial officer of Sterling Resources Ltd., Calgary, where she succeeds David Blewden, who left the firm at the end of August. Source: News