Energy Sector

Shell unit inks ‘Purchase Agreement’ to acquire Enspire Energy

Shell Energy North America, a subsidiary of Shell Oil Company, has entered into a purchase agreement to buy the assets of Enspire Energy, LLC, a Virginia-based energy marketing company that serves customers throughout the Mid-Atlantic United States.

OPEC oil price hits lowest point for four years

Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) hit its lowest point for four years, the organization's secretariat in Vienna reported Wednesday.

One barrel (159 litres) of OPEC-produced crude oil stood at 34.49 dollars on Tuesday, down from 36.92 dollars at the start of the week, the cartel said.

OPEC oil price inches below 37 dollars

OPEC oil price inches below 37 dollarsVienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) slid to 36.92 dollars Monday, just above this year's record low price, which was set earlier this month.

Chaparral Energy terminates ‘Merger Pact’ with Edge Petroleum

Chaparral Energy terminates ‘Merger Pact’ with Edge PetroleumChaparral Energy, an

Obama to announce environment, energy team

According to President-elect Barack Obama's transition office, Obama will hold a news conference on Monday to talk about "the nation's energy and environmental future," and is expected to announce cabinet picks to head the US agencies tasked with making America more energy efficient and ecologically friendly.

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