TransCanada CEO says pipeline debate may persist

The chief executive of a company trying to build a pipeline to carry oil through six states from Canada to Texas said the national debate over the plan has “gone off on tangents” that touch on larger issues of U.S. energy and environmental policies.  More »

GOP leaders: Pipeline stays in payroll tax bill

Senate Minority Leader Mitch McConnell won’t back a compromise payroll tax cut extension unless the bill includes language aimed at forcing construction of a Canada-to-Texas pipeline, his spokesman said Friday, as top congressional Republicans insisted on the controversial provision.  More »

Brazil lawsuit against Chevron may scare investors

A business analyst says the nearly $11 billion lawsuit filed by Brazilian prosecutors against San Ramon, Calif.-based Chevron Corp. because of an offshore oil leak could scare away foreign capital needed to develop Brazil’s huge offshore oil deposits.  More »

Canada oil pipeline into US gets extension support

TransCanada Corp. said it has received customer support to undertake an extension of its stalled Canada-to-Texas Keystone XL oil pipeline pending regulatory approval in the U.S.  More »

Schwarzenegger says Solyndra debate ‘narrow minded’

In a rare public appearance since leaving office, former Republican California Gov. Arnold Schwarzenegger called the debate over bankrupt solar panel maker Solyndra narrow-minded in a world moving ever-faster toward renewable energy.  More »

Official: Test results encouraging from shale

Energy companies are reporting encouraging test results from the Tuscaloosa Marine Shale across the span of central Louisiana, the state’s natural resources chief says.  More »

New report predicts fewer drilling jobs in Ohio

A study led by an Ohio State University professor predicts oil and natural gas drilling in Ohio will create far fewer jobs than the industry has forecast.  More »

BP settles with maker of failed blowout preventer

BP PLC says it will be paid $250 million by the maker of the blowout preventer that failed to halt oil spewing from BP’s busted well in the Gulf of Mexico.  More »

Oil rising on signs of improving US economy

Oil prices rose above $94 a barrel today in Asia amid signs the U.S. economy is slowly improving, which could boost demand for crude.  More »

Houston firm pays $93K for fouling W. Pa. stream

The Pittsburgh Post-Gazette says Houston-based EOG Resources, Inc., will also pay $65,000 toward a yet-to-be-determined environmental project in the watershed of the Little Laurel Run creek in Clearfield County near Parker Dam State Park.  More »

Pipeline protest held outside Ohio Boehner office

Protesters upset over U.S. House Speaker John Boehner’s support for a proposed continental oil pipeline have demonstrated outside his office in southwest Ohio.  More »

Exxon, API spend millions on lobbying this quarter

Exxon Mobil Corp. spent $3.21 million and the American Petroleum Institute spent $1.9 million in the third quarter to lobby the federal government on offshore oil drilling, hydraulic fracturing and other issues, according to a disclosure report.  More »

Oil near $96 amid Europe debt, economy concerns

Oil prices rose to near $96 a barrel Thursday in Asia after plunging the previous session on investor pessimism that Europe’s debt crisis will trigger a recession on the continent next year.  More »

Oil falls on OPEC results and European concerns

The Organization of the Petroleum Exporting Countries said Wednesday that it will keep oil production targets at 30 million barrels per day.  More »

Oil price dropping on concerns about Europe

Growing concerns about the European debt crisis on today pulled oil prices down to their lowest level this month.  More »