An oil tanker that’s sat off the coast of Galveston since July amid an international legal dispute is finally leaving. More »
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. More »
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 More »
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 […] More »
The gas drilling coalition’s lawsuit said the bulletins characterized it as a potential threat to infrastructure without evidence. More »
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. More »
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 More »
The entire project has a total daily production of more than 200,000 barrels. More »
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. More »
Alaska heavily relies on oil revenue to fund the cost of state government, but the fall in prices has contributed to an estimated 80 percent decline in the state’s share of production taxes from last year.
A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African affairs More »
While American society continues to enjoy the energy that the oil and gas business produces, for lower prices than they have in years, the last few weeks for those actually producing that energy have been brutal. More »
Federal agencies have been given a Feb. 2 to provide advice on whether to move forward with the hotly debated Keystone XL pipeline. More »
Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.
Diamondback said that it expects the cost of a horizontal well with a 7,500-foot lateral segment to fall to between $6.2 million and $6.7 million. More »