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Oil producers make crude export pitch

The oil industry stepped up its campaign to export crude on Thursday, releasing a report tying the foreign sales to new jobs nationwide. But convincing motorists that selling oil overseas will lead to lower gasoline prices inside the U.S. may be a tougher political sell.  More »

Phillips 66 says court supports Sweeny takeover from PDVSA

The International Chamber of Commerce’s Court of Arbitration last month upheld Phillips 66’s right to exercise a call option in 2009 and assume PDVSA’s interest in Merey Sweeny LP, Rich Johnson, a spokesman for the Houston-based refiner, said in an e-mail Wednesay.  More »

Nabors defends two board members targeted by proxy advisers

Nabors Industries defended the records of two directors, saying shareholders should ignore recommendations from two proxy advisers that they be voted off the board at the next election.  More »

Ted Cruz calls for close look at Exxon Mobil deal in Russian Arctic

U.S. Sen. Ted Cruz, traveling in Israel and Eastern Europe to meet foreign leaders, said Wednesday that the U.S. should review a planned Exxon Mobil Corp. oil exploration project with the Russian state-controlled company Rosneft as the West looks for ways to apply more pressure over the Ukraine crisis.  More »

EPA Proposes new “residual risk” rule for refineries

Cross Posted from Center for Progressive Reform Blog: On May 14, 2014, the EPA proposed new rules to control “residual risk” from hazardous air emissions (such as from benzene) at the nation’s petroleum refineries.     The Clean Air Act requires the EPA to calculate whether or not residual risk to human health exists after […]  More »

Want to transition into the oil & gas industry? Here’s how

Every week, several readers ask me the question: “How can I transition into the oil & gas industry?” Each reader asks that question slightly differently though, because contrary to what you might think, not everyone is looking to become a petroleum engineer. Indeed, the oil & gas industry needs many types of professionals to deliver its products to end users, from finance experts to people with marketing skill sets.  More »

Wind giant Texas stands tall as rule change looms

Depending on how the Environmental Protection Agency writes the new rules on power plant emissions, states such as Texas and California that have embraced renewable power or boosted their gas use may not have far to go to meet the mandates.  More »

Exxon LNG project in talks with Asia customers on spot sales

Exxon Mobil Corp., operator of a $19 billion liquefied natural gas project in Papua New Guinea, is talking to customers in Asia about selling cargoes on the spot market.  More »

US plants prepare long-term nuclear waste storage

Nuclear power plants across the United States are building or expanding storage facilities to hold their spent fuel — radioactive waste that by now was supposed to be on its way to a national dump.  More »

France’s Total signs shale deal with Russia’s Lukoil despite sanctions

French energy company Total SA is hooking up with Russia’s largest private oil company to explore and develop a huge Siberian shale oil field.  More »

Executive says Bakken oil threatened by safety missteps

“If we have anything, they’re going to shut us down,” Harold Hamm said. “So many people want to stop fossil fuel use and production.”  More »

PDVSA signs $2.2 billion oil service financing to boost drilling

Petroleos de Venezuela SA, the country’s state oil company, signed deals with oil service companies Schlumberger, Halliburton and Weatherford International.  More »
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