"Apache Resumes Oil Output as Australia Cyclone Eases"
Apache has restarted production from two oil fields with combined output of 13,200 barrels per day off Australia's western coast after a cyclone no longer posed a danger to operations....Complete Story
"Magellan Says Port Arthur Project Costs Now Halved To $120 mil"
Magellan Midstream Partners said Monday it has dropped plans to build an 80-mile-long pipeline from Motiva Enterprises' refinery in Port Arthur, Texas, to Houston and will instead link with Explorer Pipeline....Complete Story
"NYMEX Crude Rallies On Geopolitical Tensions"
NYMEX February crude futures on CME's Globex system were $2.30/barrel higher at $40.01/b Monday, paring overnight gains that were fueled by geopolitical considerations as well as a retreat in the US dollar....Complete Story
"Ecuador To Trim Foreign Cos' Oil Production To Comply With OPEC"
Ecuador's government will reduce the volume produced by a number of foreign companies operating in Ecuador in order to comply with OPEC's recent oil production cut....Complete Story
"Tight Credit Threatens Pipeline Expansion"
Steady expansion for pipeline companies is grinding to a halt as tight credit makes it harder to raise construction money, potentially limiting their ability to bring new supplies of natural gas to market....Complete Story
"Oil Companies Bullish on Shale Oil"
The recent drop in oil prices is not likely to derail the push to develop shale oil deposits in the western United States, an oil executive says. Despite sagging crude prices and growing concern....Complete Story
