(Oil and Gas News) Will Quebec be a gas, gas, gas? – Globe and Mail

Will Quebec be a gas, gas, gas? The Quebec shale play, which involves drilling for gas by fracturing dense rock, focuses on an area south of the St. Forest Oil said its Quebec assets may hold as much as four trillion cubic feet of gas reserves, and that the Utica shale has similar rock properties [...]

(Oil and Gas News) When will oil and gas mergers begin? – Globe and Mail

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Controlling cholesterol, BP reduces cardiovascular risk by 42 percent- Topic: Oil and Gas News

Detwiler professor of cardiology, professor of medicine and chair, department of medicine, UMDNJ-Robert Wood Johnson Medical School, conducted the five-year Treating to New Targets (TNT) study that involved 10,001 patient. The analysis of the study showed that intensive low-density lipoprotein (LDL) cholesterol-lowering in patients with stable coronary heart disease (CHD) whose systolic blood pressure was [...]

(Oil and Gas News) Nigerian firefighters douse oil pipeline blaze: official

LAGOS (AFP) — Nigerian firefighters Friday managed to douse the flames from a burst oil pipeline a day after a huge explosion triggered a blaze that lasted more than a day. The Nigeria Red Cross said some 100 people were killed when an excavator accidentally pierced the pipeline, creating a lake of petrol that ignited [...]

Oil and Gas News – UPDATE 1-Canadian Arctic gas pipeline faces new delay

CALGARY, Alberta, May 16 (Reuters) – A key regulatory report for the C$16. The Joint Review Panel report into the environmental and social impacts into the Mackenzie Valley pipeline will not be published until next year, an official with the panel’s administrative arm said on Friday. The pipeline’s backers have also been locked in lengthy [...]

UPDATE 1-Norway trims 2008 oil and gas output forecast – Reuters- Topic: Oil and Gas News

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UPDATE 1-Atlas Pipleline posts Q1 loss on derivative losses(Oil and Gas News)

Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. [...]

Williams Reports First-Quarter 2008 Financial Results- Topic: Oil and Gas News

Consolidated results include segment profit for Williams’ businesses — Exploration & Production, Midstream Gas & Liquids, Gas Pipeline and Gas Marketing Services as well as results reported in the Other segment. Quarterly Average Daily Production 1Q Amounts in million cubic feet 2008 2007 Growth rate equivalent of natural gas (MMcfe) Piceance Basin 607 [...]

Topic: Oil and Gas News – Obama wants windfall profits tax on oil companies – guardian.co.uk

Democratic presidential hopeful Barack Obama today called for a windfall profits tax on oil companies, which he said would be used to ease the burden of rising energy costs on poor and middle-class Americans. Speaking at a gas station in Indianapolis, Indiana, where Democrats go to the polls in a hotly contested primary election on [...]

(Oil and Gas News) Gas prices jump, but increase could level off; oil falls – The Associated Press

NEW YORK (AP) — Gasoline prices shot up to yet another record at the pump Thursday, while some analysts said the sharp price increases of recent days could soon level off although gas will continue to rise. Retail gas prices have also been following oil futures’ record rally, although prices hasn’t risen as steeply as [...]