The fatal explosion came nearly six months after federal drilling regulators warned that the facility had failed to maintain all equipment in a safe condition so as to ensure the protection of the lease and associated facilities. More »
Henrik Madsen, the CEO of Norway’s international shipping and oil field equipment classifier DNV GL, says oil’s best value is as a chemical feedstock, and that eventually natural gas will replace it as a motor fuel. More »
The delay, announced Friday by the U.S. Environmental Protection Agency, follows months of fighting between refiners and ethanol producers over a proposal by the agency to lower the quotas for ethanol, biodiesel and cellulosic fuels. More »
The joint ventures will support the construction of a pipeline and rail terminal aimed at providing long-term and cheaper options to transport crude from a region that produces 1.2 million barrels per day of oil. More »
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