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Big Oil on a spending spree in Alaska – for now

Energy company investments in Alaska could reverse declining oil production in the state, unless, they say, voters dismantle a new oil tax regime.  More »

Wholesale power cap goes up in Texas

The maximum price generators can charge for wholesale electricity in Texas’ competitive electricity market has increased to $7,000 per megawatt-hour.  More »

Iraq says crude oil exports rise slightly in May

The oil exports averaged 2.582 million barrels a day last month, an increase from the 2.510 million barrels per day in April, ministry spokesman Assem Jihad said.  More »

July 9 hearing set in BP employees’ criminal case

A federal appeals court has set a July 9 hearing in the manslaughter case against two BP employees charged in connection with the 2010 Deepwater Horizon explosion that killed 11 offshore rig workers.  More »

Obama’s boldest move on carbon comes with perils

As with other issues, the regulation to limit the pollution blamed for global warming from power plants is a compromise for President Obama, who again finds himself caught between his aspirations and what is politically and legally possible.  More »

Corn to be planted in anti-pipeline message

About four acres of Ponka red corn will be planted this weekend in a field near Neligh, Nebraska, to fill out an anti-pipeline message carved into the ground earlier this spring.  More »

Cheniere agrees to 20-year LNG deal with Spain’s Iberdrola

A Cheniere Energy subsidiary has agreed to a 20-year deal worth $5.6 billion to supply liquefied natural gas to Spanish power and generation company Iberdola, S.A., the companies announced Friday.  More »

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 »
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