Oil & Gas News

Gas jumps nearly three cents to record; oil crosses US$124 (Oil-Prices)
NEW YORK - Gasoline and crude oil jumped to new records Thursday, with gas rising three cents US to an average U.S. price of nearly US$3.65 a gallon and oil crossing $124 a barrel for the first time. Oilweek

Goldman Sachs
LONDON - An oil price "super-spike" to $150-$200 a barrel is increasingly likely within the next six to 24 months, Goldman Sachs says. " Rigzone.com

Calgary's Saxon Energy sold for $592 million
CALGARY - Schlumberger Ltd , the world's largest oil field service company, and private equity firm First Reserve Corp are buying Saxon Energy Services Inc for C$592 million ($586 million) to add rigs in North and South America, the firms said. Edmonton Journal

TransCanada Pipeline Expansion
VIDEO REPORT- TransCanada used its AGM to unveil more details about expansion on its Keystone pipeline project. Find out how CEO, Hal Kvisle is trying to sell investors on the extra expense. TheEnergyNews.com

No U.S. Carbon Policy
VIDEO NEWS - A senior U.S. energy regulator says uncertainty over carbon policy in the States will continue for years, but gas demand will grow. TheEnergyNews.com