A McDermott International subsea construction vessel installs 65 miles of umbilicals and other subsea structures as it builds up Chevron's Jack and St. Malo project in the Gulf of Mexico. (Photo: McDermott International/Business Wire)

Three oil majors team up on Gulf megaproject

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The collaboration reflects the steep technological and financial hurdles to commercially producing oil from 23-million-year-old Paleogene rock more than five miles below the surface of the sea.
The United Kalavryta, shown in the Gulf in late July, about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Vessel weighs anchor as oil dispute hangs in scales of justice

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An oil tanker that’s sat off the coast of Galveston since July amid an international legal dispute is finally leaving.
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(shankool007/Flickr)

Obama to seek wilderness designation for Alaska refuge

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President Barack Obama is boosting protection of Alaska’s Arctic National Wildlife Refuge and will ask Congress to designate more than 12 million acres as a wilderness area, including its potentially oil-rich Coastal Plain.
(AP Photo/Dado Galdieri, File)

US works to ease Caribbean dependence on Venezuelan oil

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A decade-long addiction to oil subsidized by Venezuela may be coming to an end for several Caribbean nations, with a nudge from the United States

The Steady Erosion of Truth

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According to an August 2014 CNN poll, “public’s trust in government is at an all-time low.  …”The number who trust the government all or most of the time has sunk so low that it is hard to remember that there was ever a time when Americans routinely trusted the government,”  This poll is not an […]
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A rally against gas drilling is held in Pennsylvania's Marcellus Shale formation Tuesday, June 7, 2011 in Harrisburg, Pa.  (AP Photo/Bradley C. Bower)

Gas drilling watchdog group settles suit over terror listing

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The gas drilling coalition’s lawsuit said the bulletins characterized it as a potential threat to infrastructure without evidence.
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(AP Photo/Mandel Ngan, Pool)

Obama talks tough on climate change, Keystone XL

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In his penultimate State of the Union address, Obama chided lawmakers who have been skeptical of climate change or humanity’s role in it and delivered a thinly veiled critique of the GOP-controlled Congress’ focus on the Keystone XL pipeline.
Business deal finalized, congratulations!

Schlumberger to pay $1.7B for stake in Russian energy company

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Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country’s relations with the West are under strain and as energy prices hit multiyear lows
(Alexander Zemlianichenko Jr./Bloomberg)

Exxon begins production from Russian field

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The entire project has a total daily production of more than 200,000 barrels.
(AP Photo/Matthew Brown, File)

BNSF moving more crude oil across eastern Nebraska

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BNSF said it is moving about a dozen oil trains through eastern Nebraska each week. That’s up from three trains a week last summer.
Categories: Crude oil, General, Rail