The Hebron project will include a gravity-based concrete structure which will be able to store up to 1.2 million barrels of oil within its cylindrical base. (Source: Exxon Mobil Corp.)

Exxon to spearhead $14 billion oil project in Canada

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Exxon Mobil Corp. is leading a $14 billion project to produce oil off of Canada’s northeast coast, the company announced Friday.

US jobs gains calm investor nerves

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A solid US non-farm payrolls figure of 155,000 calms investors earlier unnerved by a new hawkish tone among some Federal Reserve policy makers
Categories: Uncategorized
Nebraska Gov. Dave Heineman. (AP Photo/Nati Harnik)

Report on Nebraska pipeline route goes to governor

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The State Department has federal jurisdiction because the pipeline begins in Canada.

SEC drops probe into ex-Buffett lieutenant

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Decision brings to a close an affair that exposed a rare lapse of judgment by the 82-year old Warren Buffett, who misjudged shareholder reaction
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Biden faces key role in second term

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The US vice-president’s long experience in the Senate means that he is in demand pushing through President Barack Obama’s ambitious legislative agenda
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Coast Guard to probe stranded Shell rig

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Investigation in Alaska could add to pressure from regulators to prevent company from resuming its Arctic exploration programme this summer
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Construction under way of Caspian platform vessel

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Lukoil says assembly has started in Baku, Azerbaijan of a transport and installation barge (TIB) for offshore platforms at the Vladimir Filanovsky field in the Caspian Sea.
Categories: Offshore

Fresh bid for Faroese offshore license

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Faroese petroleum administration Jarðfeingi has received an application for an offshore license for exploration and production of hydrocarbons.
Categories: Offshore

US shrugs off fiscal concerns

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The US economy shrugged off concerns about the fiscal cliff as it started 2013 with 155,000 new jobs and rising confidence in the services sector
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keystone protester

New Keystone XL tree protesters descend

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Two protesters who climbed onto tree platforms late Wednesday to block work on the Keystone XL pipeline have descended, a spokesman for the activists confirmed Friday.
Categories: Keystone XL