EIA: US gasoline prices over Labor Day holiday lowest since 2004

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 […]


Lucid Energy buys gas gatherer, processor

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


Rosneft, BP sign seismic R&D agreements

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


Transco files FERC application for Gulf Connector gas pipeline

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


Eni: Fifth well further confirms Zohr field’s potential

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