3 Energy Stock Stories To Spark Investment Interest

Enbridge Energy Partners (NYSE:EEP): Closing price $30.44

Enbridge reports that it could be forced to shut down an 80,000 barrel-per-day oil-loading rail terminal in North Dakota, unless it can find a way to reduce the amount of potentially deadly hydrogen sulfide in crude oil delivered to the facility. Last week, the company requested a ruling in one day from the United states Federal Energy Regulatory Commission to restrict the amount of hydrogen sulfide in the delivered crude. That request came subsequent to a very large concentration of the gas was found in a tank at Berthold, North Dakota, on May 5th.

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EEP

Petrobras – Petroleo Brasileiro (NYSE:PBR): Closing price $18.55

The Brazilian state-run energy major Petroleo Brasileiro revealed late Tuesday that it had been advised of a court order that suspended environmental licenses for its Comperj refinery project in Rio de  Janeiro state. Petrobras said that the order implied “an immediate work stoppage,” but that no further details concerning the order were available. The firm  said that it was studying all possible measures connected with the halt, which would block work on one of its biggest projects, and that the Comperj refinery will have installed capacity to process 165,000 barrels of  crude oil per day when it enters operation in April 2015.

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PBR

Royal Dutch Shell (NYSE:RDSA): Closing price $67.56

Shell insists that Egypt “remains an important country” for it, in the face of an agreement to divest some downstream assets to its competitor Total (NYSE:TOT). The Anglo-Dutch major will sell its retail and commercial fuels activities in the country to the French oil giant, but it is holding onto the lubricants unit. Shell Marketing Egypt is being divested for an unreported amount, with the staff in the entity not being involved in the lubricants activities which are transferring to the new ownership. But, Shell was quick to deny any suggestion that it is exiting Egypt which continues to languish in the midst of economic, political and social uncertainty in the wake of the Arab Spring.

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RDSA

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