Drivers risk $13B gas-price hike as ethanol charge grows
Refiners are pushing the EPA to reduce the amount of ethanol they’re required to add to gasoline to avoid what they say will be a sharp spike in prices at the pump just as the summer driving season begins. More »
Rowan says it’s open to tax-advantaged partnership for its rigs
Rowan Companies Plc (RDC), the shallow- water rig contractor building four new ultra-deepwater vessels, is “open minded” to forming a tax-advantaged partnership for some of its rigs. More »
Schlumberger cuts Venezuela work over unpaid bills
PDVSA has slowed payments off and on for years. More »
Apache looking at all options for $2 billion of asset sales
Apache Corp., the fourth-largest U.S. independent oil and natural gas producer by market value, said its entire portfolio is up for review as it pursues at least $2 billion in asset sales. More »
As odds grow long, critics move to stop Keystone XL
An unusual coalition of environmentalists, property rights advocates and ranchers is attempting to find new ways to derail the Keystone XL pipeline, which seems to be headed for approval in a nation eager for jobs and energy development. More »
Transocean board opposes Icahn proposals
Transocean Ltd. (RIG), the offshore rig contractor criticized by billionaire investor Carl Icahn, said the board wants investors to vote against his dividend proposal and three director nominees. More »
Statoil, Exxon make third ‘high-impact’ gas find off Tanzania
Statoil ASA (STL), Norway’s largest energy producer, reported a third “high-impact” natural-gas find off Tanzania and increased its resource estimate for the block to as much as 17 trillion cubic feet. More »
Russia adopts Texas drilling to revive Soviet oil fields
Fracking isn’t just for shale. In Russia, producers are importing techniques from the U.S. to squeeze billions of dollars of extra oil from Soviet-era fields. More »
Japan’s bid to enter trade talks opens route for U.S. LNG
Japan’s bid to join negotiations for the Trans-Pacific Partnership trade agreement may make it easier for the nation to import U.S. liquefied natural gas, a prospect that is raising the hackles of environmental groups. More »
Rosetta buys Permian land from Comstock for $768M
Rosetta Resources Inc. agreed to buy 53,306 net acres in West Texas from Comstock Resources Inc., which will use the proceeds to reduce debt and double drilling rigs in the Eagle Ford Shale. More »
Hercules wins ruling in ‘say on pay’ lawsuit
A judge said the suit was based on “flawed premises.”
More »
FERC lacks power on futures contracts, court rules
Congress intended to centralize oversight of futures contracts in the CFTC, the court said. More »
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