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IEA sees higher demand for OPEC crude this year

The Organization of Petroleum Exporting Countries will need to provide an average of 30.7 million barrels a day in the second half, or 800,000 a day more than it pumped last month, the IEA said today.  More »

Red Queen Rules EPA

In Alice in Wonderland, the Red Queen is known for many remarks that stand logic on its head.  One of the best known is, “verdict now, trial later.”  EPA Administrator McCarthy has done the Red Queen one better. Verdict now, no trial. EPA asserting authority under the Clean Water Act has begun a pre-emptive veto […]  More »

Expert: White House likely to lift oil export ban

The White House “will favor” lifting the nation’s 40-year-old ban on exporting oil, a leading energy expert said Wednesday at a symposium in San Antonio.  More »

Oil tops $102 on signs of rise in gasoline demand

WTI rebounded last week after the EIA said crude inventories slid from 399.4 million barrels, the highest level since weekly reports were published in 1982. Supplies expanded by 912,000 barrels in the seven days ended May 9, according to the API, which collects information on a voluntary basis from operators of refineries, bulk terminals and pipelines.  More »

Senate debates wind tax credit

Wind energy supporters are hoping to blow past opponents in the Senate, as the chamber considers broad legislation to renew dozens of expired tax breaks — including one credited with making turbines spin in Texas.  More »

Apache names Annell Bay to its board

Bay, 58, recently retired after six years as vice president of Global Exploration at Marathon Oil Co.  More »

Ohio House plans vote on tax hike for oil drillers

The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing.  More »

GE, Devon sign collaboration deal

GE and and Oklahoma-City based natural oil and gas producer Devon Energy will partner on developing technology designed to improve unconventional production, the companies accounted Monday.  More »

Gazprom threatens to halt gas shipments to Ukraine on June 3

OAO Gazprom, Russia’s gas-export monopoly, will stop supplying gas to Ukraine on June 3 unless it starts making payments for fuel supplies.  More »

Investigators seek breakthrough a year after EU raided Big Oil

Twelve months after raiding oil companies and Platts in a hunt for evidence of possible manipulation of price benchmarks, European Union officials are looking for a breakthrough.  More »

EPA considers requiring disclosure of fracking chemicals

The agency could require companies to give the government details on what’s being used to break apart shale rock and release trapped oil and gas, according to a notice today on Reginfo.gov.  More »

US hopes to tap offshore wind potential

The federal government is committing nearly $150 million toward construction of three wind farms off the U.S. coast, a move intended to generate power from the renewable source by 2017.  More »

OTC gives teens tips on preparing for oil and gas careers

High school students learn essential career skills at OTC.  More »

There’s plenty of buzz far from OTC’s hive

Illinois-based company finds that being the farthest away from the conference’s center of activity isn’t a bad thing.  More »

New offshore tech center coming to Houston

The government agency that oversees offshore drilling plans to stand up a new technology center in Houston.  More »
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