Crude oil and natural gas company Murphy Oil Corp. on Monday said it discovered “significant natural gas pay” off the shore of Sabah, Malaysia.
The company’s Rotan No. 1 exploration well made the discovery in Block H, a region where Murphy Oil acts as operator and controls an 80 percent working interest. Working interest is an [...]

Enterprise Products Partners L.P. announced that the Independence Hub production platform set sail today from Corpus Christi, Texas, for a five-day trip to Mississippi Canyon Block 920 where it will be installed. The hub, which is owned 80 percent by Enterprise and 20 percent by Helix Energy Solutions Group, Inc., will be located approximately 150 [...]

Royal Dutch Shell Plc said on Monday it was selling its Los Angeles refinery and related assets to Tesoro Corp., as the oil major further reduces its exposure to the refining industry.
Separately, Tesoro said the purchase price was $1.63 billion, plus the value of oil inventory at closing. Chief Executive Bruce Smith said the purchase [...]

Calumet Specialty Products Partners, L.P. will report earnings for the quarter ended December 31, 2006 on Thursday, February 15, 2007.
As previously announced, the Board of Directors of the Partnership’s general partner approved an increase in its quarterly cash distribution to $0.60 per unit ($2.40 per unit on an annualized basis) for the quarter ended December [...]

The oil refiner Tesoro Corp. will buy a Los Angeles-area refinery and 250 Southern California retail sites from a division of Royal Dutch Shell PLC for $1.63 billion.
The company said Monday its board approved the deal with Shell Oil Products US. The sale is subject to regulatory clearance. The price does not include the value [...]

ANR Pipeline Company, a subsidiary of El Paso Corporation, announced the expiration of the consent period in connection with ANR’s previously announced tender offer to purchase all of its 8 7/8% Notes due 2010 (CUSIP No. 001814 AV4) and the related solicitations of consents to the proposed amendments to the indenture governing such notes.
As of [...]

Williams Cos. said Monday its board approved a regular dividend of 9 cents per share on the company’s common stock.
The dividend is payable on March 26 to holders of record at March 9.
Williams, through its subsidiaries, primarily finds, produces, gathers, processes and transports natural gas. The company also manages a wholesale power business.

ONEOK, Inc. announced that it has been named to the Forbes Platinum 400, an annual listing of “America’s Best Big Companies.” This is ONEOK’s fifth year on the list.
ONEOK ranked 134 out of 400 on the overall list. According to the publication, ONEOK posted a 45 percent average sales growth, followed by a 35 percent [...]

Smith International Inc., which provides products and services to the oil and gas industry, said Tuesday it expects to post fiscal 2007 profit in line with Wall Street expectations.
“We believe 2007 will be a solid growth year for Smith and the recent surge in seismic survey sales and exploratory drilling provides further evidence that demand [...]

Weatherford International Ltd. said Tuesday its fourth-quarter profit rose 12 percent on higher sales from increased rig activity.
Net income grew to $272 million, or 78 cents per share, from $243.8 million, or 69 cents per share, during the same period a year ago.
Excluding a one-time exit and restructuring charge of $18.1 million and $26.4 million [...]