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Regulator alleges Houston oil company misled investors

The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.  More »

Colorado compromise aims to head off fracking showdown at ballot box

WASHINGTON — A last-minute deal in Colorado is aimed at averting a ballot showdown in November over the future of hydraulic fracturing and drilling regulations in the state that threatened to strand oil industry investments and divided Democrats.  More »

Electric cars eventually could tie up grid traffic

Utilities and automakers are looking to a time when electric cars become more common and might strain electric grid capacity.  More »

Nigeria, Shell not cleaning oil pollution, report charges

Nigeria, a member of the Organization of the Petroleum Exporting Countries, is Africa’s largest oil producer and most populous nation.  More »

Companies at work on blowout preventers for deeper depths

GE Oil & Gas and others are working to create blowout preventers that can work at deeper depths and higher pressures.  More »

Mexico lower House passes final oil bills, sends them to Senate

Mexico’s Lower House early passed the last package of bills to regulate an end to Petroleos Mexicanos’s state-oil monopoly, sending the legislation to the Senate for final approval after making minor changes on pension and retirement issues.  More »

Houston refinery no longer will buy Kurdish crude

Chemical giant LyondellBasell acknowledged past purchases of modest amounts of what it called “Iraqi crudes” to process at its Houston refinery but said future buys have been canceled until the ownership dispute is settled.  More »

One condensate cargo sails away, but others could take time

A cargo of minimally processed condensate is now sailing away from the port of Galveston, becoming the first known export of that ultra-light oil to a country other than Canada. But Eagle Ford oil producers are hoping it isn’t the last.  More »

Kinder Morgan to expand pipeline to ship natural gas to Mexico

Kinder Morgan Energy Partners’ affiliate El Paso Natural Gas Co. has begun a half-billion-dollar pipeline system upgrade so it can fulfill a deal to send to natural gas to Mexico.  More »

Hydroelectric dominance is water under the bridge

Hydroelectric power will fall below other forms of renewable generation in the United States electricity mix for the first time in 2014, according to a government projection.  More »

3 West Coast governors oppose offshore drilling

The Interior Department is developing an updated plan for its Outer Shelf Oil and Gas Leasing Program, and the governors formally stated their opposition to the inclusion of any oil or gas lease sales off the coast as part of any new plan.  More »

Oregon LNG wins natural gas export license

The federal government gave an Oregon project a coveted permit to broadly export liquefied natural gas on Thursday, even as the Obama administration faces criticism for moving too slowly on the proposals.  More »

Occidental profit rises as cost-cutting continues

Occidental Petroleum Corp., the global oil producer that is pursuing a breakup to boost returns, said second-quarter profit rose as it continues to try to reduce costs.  More »

Boston protesters rally against Kinder Morgan gas pipeline

The protest, attended by hundreds of supporters, was the culmination of a month-long “rolling rally” that marched through towns likely impacted by Kinder Morgan’s proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.  More »

Energy companies keep taking on debt to finance new projects

As oil prices and cash flows remain flat, energy companies are turning to lines of credit and selling off assets to keep up the pace of investment, according to a report from the U.S. Energy Information Administration.  More »
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