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Oil price drop boosts argument for crude exports

Oil prices have fallen roughly 35 percent since June, with surging U.S. crude production helping boost supply beyond softening demand worldwide.  More »

U.S. has enough shale gas for petrochemical expansions

Gas prices collapsed two years ago had have remained low since, prompting some drillers to turn their focus to more lucrative regions rich in oil and other liquids.  More »

U.S. oil reserves ride production to 38-year high

U.S. proved reserves of crude oil and condensate increased for a fifth consecutive year in 2013 and hit their highest level since 1975, according to the U.S. Energy Information Administration.  More »

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.  More »

Oil prices not hitting petrochemical plant expansions

The same drilling bonanza that bestowed the chemical industry with cheap feedstock also flooded the world market with oil and gas at a time when the global demand for such products has started to flatten.  More »

Tanker’s fate unresolved after historic deal

Lawyers representing Baghdad and Erbil met for 20 minutes behind closed doors with a U.S. federal judge on Wednesday to discuss the case involving a tanker carrying Kurdish crude that has been trapped in legal limbo since late July but no action was taken.  More »

Green groups sue DOT over oil-by-rail regulations

The groups want the Transportation Department to block refiners and other shippers from using older, rupture-prone tank cars to move crude from the Bakken formation in North Dakota.  More »

Companies announce first oil from deep-water Gulf fields

Oil has begun flowing at the Jack/St. Malo project in the deep-water Gulf of Mexico.  More »

Marathon Oil, Total strike oil in Kurdistan

The Houston-based independent oil and gas company said Monday that the Jisik-1 exploration well discovered multiple stacked oil and natural gas producing zones at its Harir Block in the northern reaches of Iraq.  More »

Grid operator says backup reserves improving

The Electric Reliability Council of Texas aims to have backup reserves of at least 13.75 percent of the state’s peak electricity demand.  More »

Huntsman to cut 900 jobs mostly in Europe

The company announced the restructuring Monday, two months after it completed a $1 billion purchase of titanium dioxide and other assets from New Jersey-based Rockwood Holdings.  More »

Oil companies produce more for less as crude prices fall

Because of improved drilling and completion efficiencies that lower production costs, some oil companies will produce more next year even as they cut spending amid falling crude prices.  More »

Q&A: Siemens boss charged up about oil field electricity

The CEO of German engineering conglomerate Siemens spokes with FuelFix about Siemens’ recent purchase of Houston-based equipment maker Dresser-Rand, and about the U.S. business landscape.  More »

Asking the EPA to clarify and broaden possible ways for states to meet greenhouse gas controls at EGUs

On Monday, the comment period for the EPA’s proposed rules for greenhouse gas controls for existing electricity generating units closes.  The agency is pursuing regulation under the authority of the CAA, section 111(d).  My comment was sent in today and copied here.  It focuses on expanding the ways a state can meet the target by […]  More »

OPEC decision creates “new world of oil”

The oil industry and consumers are watching crude markets after OPEC decided not to cut supplies.  More »
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