BNSF moving more crude oil across eastern Nebraska

BNSF said it is moving about a dozen oil trains through eastern Nebraska each week. That’s up from three trains a week last summer.  More »

Alaska faces lean budget times as oil prices plunge

Alaska heavily relies on oil revenue to fund the cost of state government, but the fall in prices has contributed to an estimated 80 percent decline in the state’s share of production taxes from last year.  More »

State Dept. gives agencies 2 weeks to comment on Keystone

Federal agencies have been given a Feb. 2 to provide advice on whether to move forward with the hotly debated Keystone XL pipeline.  More »

Mexico considers delaying some oil exploration bidding

Global oil prices have plummeted, including Mexican crude.  More »

BP cuts 200 North Sea staff, 100 contractors

Union officials fear other oil-related jobs will be cut by other firms soon as prices continue to soften.  More »

Former Petrobras executive held in Brazil corruption probe

Nestor Cervero is the third former Petrobras executive to be detained as part of a probe into allegations of kickbacks, inflated contracts and bribery.  More »

U.S. aims to cut methane emissions by nearly half

A preliminary plan — expected to be unveiled this week — aims to cut emissions 40-45 percent by 2025.  More »

Alberta likely to face recession because of low oil prices

Alberta has the world’s third-largest oil reserves after Venezuela and Saudi Arabia, and Canadian oil is the single largest source of U.S. oil imports  More »

Despite declining oil prices, $45 billion Alaska LNG export project moves forward

The project aims to extract North Slope natural gas and move it through an 800-mile pipeline for loading onto tankers bound for Asia.  More »

Idea for gas terminal off East Coast rankles fracking foes

Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.  More »

Venezuela, Saudi leaders meet and talk oil prices in Riyadh

The official Saudi Press Agency reported that the leaders discussed areas of cooperation between the two OPEC-member countries and ways to promote bilateral ties  More »

KiOR says Miss. seeks to destroy it in court ploy

Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company.  More »

Jindal appeals ‘Big Oil’ suit to high court

A fight over whether oil companies may be sued over damage to Louisiana’s coastal marshes has been appealed to the state’s high court.  More »

Oil could drive down ethanol profits, but industry shielded

Oil prices may have dipped below $50 a barrel for the first time since April 2009, but ethanol plants across the nation continue to operate at a brisk pace in order to satisfy a domestic and export demand that hasn’t weakened.  More »

Iran and Venezuela seek oil price stability

Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon  More »
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