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Associated Press

(Jennifer A. Dlouhy/Houston Chronicle)

Investigation of coal exports to Asia launched

The U.S. Department of Interior is investigating whether mining companies are skirting royalty rules as they increase exports of coal to Asia.
Commercial oil tanker AbQaiq readies itself to receive oil at Mina-Al-Bkar Oil terminal (MABOT), an off shore Iraqi oil installation.(U.S. Navy)

Energy exports boosting US trade position

A brighter outlook for trade also illustrates how a boom in oil and gas production is reducing crude oil imports and making the U.S. a leader in the export of fuels. And it shows that higher domestic sales of fuel-efficient cars are lowering dependence on oil.
A scene from "Promised Land", the 2013 movie about the debate around hydraulic fracturing. Star Matt Damon said he was disappointed by the film's reception in the U.S.

‘Promised Land’ fracking film bids for Berlin prize

Matt Damon, star of “Promised Land”, hopes the movie will win over international critics, despite a disappointing showing in the U.S. “It didn’t get the reception that I would have hoped for,” he told reporters.
This image provided by the U.S. Coast Guard shows the Shell drilling rig Kulluk aground off a small island near Kodiak Island  Jan. 1, 2013. (AP Photo/U.S. Coast Guard)

Stranded Shell drill vessel won’t face state tax

A stranded Royal Dutch Shell PLC drilling barge will not be subject to an Alaska state property tax obligation, according to revenue officials.
Categories: Crude oil
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND bill cuts exemption for wasting natural gas

A Fargo Democrat has introduced arguably the toughest legislation to date aimed at curbing the oil industry’s practice of burning and wasting natural gas as an unwanted byproduct of oil production.
Categories: Crude oil
Drivers fill up at an Exxon Mobil gasoline station. (Eric Thayer / 2008 Getty Images)

ExxonMobil donates $2.5M to UW for energy research

Another major corporate gift from the oil and gas industry, this time from ExxonMobil, seeks to boost hydrocarbon deposit research at the University of Wyoming School of Energy Resources.
Categories: General
The Trans-Alaska pipeline (Photo: BP)

Panel: Tax likely contributed to continued decline

A Senate panel said Thursday that Alaska’s oil tax system likely helped advance the decline of oil production in the state, but it expressed misgivings with Gov. Sean Parnell’s approach to addressing the issue.

Statoil profits halved in Q4 on lower oil prices

Norwegian oil company Statoil ASA says its fourth-quarter profits plunged 50 percent as revenue dropped because of lower oil and gas prices.
Categories: Crude oil
A liquefied natural gas tanker arrives in Houston in 2008, shortly after the Freeport LNG terminal began operations. (Steve Campbell / Houston Chronicle)

Japan’s TEPCO gears up for US shale gas imports

Tokyo Electric Power Co., operator of the devastated Fukushima Dai-Ichi nuclear power plant, plans to buy liquefied natural gas from the LNG terminal in Cameron Parish, Louisiana, raising expectations Japan will tap into the U.S. shale gas boom.
Categories: Natural gas
Rep. Ed Markey, D-Mass. (AP Photo/Nathan Bilow)

Dem. US Rep. Markey: End oil company subsidies

U.S. Rep. Edward Markey is calling for the repeal of roughly $7 billion in annual tax subsidies and free drilling that he said benefits the nation’s largest oil companies.