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Oil industry wants 7-10 years to phase out tank cars

Leading oil industry trade groups on Tuesday told federal regulators that proposed regulations to boost the safety of transporting crude by trains need to be phased in more slowly and should not mandate tank cars with extra-thick shells.  More »

Democrats to Obama: Get tough on oil companies drilling on public land

At issue is the Interior Department’s proposed rule to tighten standards for wells on federal and Indian lands, including new mandates for the hydraulic fracturing process used to coax oil and gas out of dense rock formations.  More »

Autumn brings fall in gasoline prices

Gasoline prices are about a dime lower as September ends than at the beginning of the month.  More »

New pipelines to end Midland crude discount in coming months, analyst says

The BridgeTex pipeline began its first shipments of oil from the Permian Basin to the Gulf Coast, in what could be an important step toward bringing oil prices in the Midland region back toward parity with the U.S. benchmark set in Cushing, Oklahoma.  More »

Kinder, Duncan family move up on Forbes list of richest energy tycoons

Thanks to Texas’ energy boom, several Houston residents rose on Forbes’ annual list of the richest people in the United States.  More »

CEO says oil industry cedes its message to opponents

Chris Faulkner of Breitling Energy says the oil and gas industry does a poor job of getting its message to the public, and he’s trying to change that.  More »

Eagle Ford continues to gush despite rapid well declines

Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.  More »

McClendon lures Chesapeake exec for new energy venture

Shale gas wildcatter Aubrey McClendon has lured away a top executive from the company that ousted him last year, as McClendon works to build a new U.S. energy producer.  More »

Encana buying Permian-focused Texas company for $5.9 billion

Calgary-based Encana Corp. will buy Fort Worth’s Athlon Energy in a deal worth $7.1 billion that will give the Canadian company’s a sizable footprint in the Permian Basin.  More »

NiSource joins utility trend in forming MLP

NiSource has announced plans to spend about $8 billion to $10 billion over the next five to 10 years to expand and upgrade pipelines serving the Marcellus and Utica shale formations.  More »

West Virginia opens bids on drilling under Ohio River

Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two.  More »

Lawmakers fear voters won’t approve of easing export ban

Some Republican congressional leaders and lawmakers from oil states have been reluctant to say much on the topic of easing the federal ban on oil exports.  More »

Progress for long delayed energy efficiency program

A long-delayed program intended to deliver high-tech energy savings to low-income Texans may finally be getting back on track. But questions remain — including whether large numbers of low-income Texans will avail themselves of the new technology. The devices included in the program — including programmable communicating thermostats — work with digital smart meters already […]  More »

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »

BHP Billiton to cut petroleum capital spending by $279 million

BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report Thursday.  More »
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