4 Top Energy Stock Stories Investors Must Know

TransCanada Corporation (NYSE:TRP): Closing price $48.03

The Nebraska Department of Environmental Quality has released its final evaluation report to Governor Dave Heineman in regards to the proposed re-route of the Keystone XL crude oil pipeline. TransCanada, in a release, said in part that, “This report is the culmination of a rigorous and comprehensive review by the Nebraska Department of Environmental Quality, which included extensive public input gathered during a seven month public comment period. The re-route ensures Keystone XL will have minimal environmental impact by avoiding the area defined as the Nebraska Sandhills, crossing fewer miles of threatened and endangered species habitat and considerably fewer miles of erodible soils.”


Exxon Mobil Corporation (NYSE:XOM): Closing price $87.93

The huge Hebron oil field offshore Newfoundland is not a new discovery, but until this week no one has gotten serious about developing it. Now, ExxonMobil and its partners Chevron Corporation (NYSE:CVX) and others are now chugging ahead to get the field online, as they intend its output by 2017 to be 150,000 barrels of heavy oil per day.


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Royal Dutch Shell (NYSE:RDSA): Closing price $68.99

Shell’s Kulluk drillship was refloated overnight, and towing was set to begin possibly on Monday. A statement by the joint command center said that a towline was attached that should allow the ship to be removed from the rocks and shore on an island of Alaska. However, weather is still a great challenge, with the National Weather Service issuing a gale warning through Sunday night and forecasting rain, snow and winds between 15 and 30 miles per hour.


Statoil (NYSE:STO): Closing price $25.15

Statoil and its partners will move ahead with the $5.8 billion development of the Aasta Hansteen field in the Norwegian Sea. The decision to go with their plan was to have been made by the end of 2012, and has been a difficult one for the project participants, since a new 480-kilometer gas export pipeline from the field to the Nyhamna processing plant near Molde will have to be built. A plan for development and operation  for the field must be submitted to the Petroleum & Energy Ministry early 2013, so as to gain the official green light in the spring session of parliament.


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