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Vessel weighs anchor as oil dispute hangs in scales of justice

An oil tanker that’s sat off the coast of Galveston since July amid an international legal dispute is finally leaving.  More »

Obama to seek wilderness designation for Alaska refuge

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 »

US works to ease Caribbean dependence on Venezuelan oil

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 »

The Steady Erosion of Truth

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 »

Gas drilling watchdog group settles suit over terror listing

The gas drilling coalition’s lawsuit said the bulletins characterized it as a potential threat to infrastructure without evidence.  More »

Obama talks tough on climate change, Keystone XL

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 to pay $1.7B for stake in Russian energy company

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 »

Exxon begins production from Russian field

The entire project has a total daily production of more than 200,000 barrels.  More »

BNSF moving more crude oil across eastern Nebraska

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 faces lean budget times as oil prices plunge

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.  More »

Meeting between Iran and Saudi Arabia foreign ministers delayed

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 »

Oil price slump hurts last remaining “Middle Class”, and exposes market irrationality

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 »

State Dept. gives agencies 2 weeks to comment on Keystone

Federal agencies have been given a Feb. 2 to provide advice on whether to move forward with the hotly debated Keystone XL pipeline.  More »

Beaumont event touts benefits of Keystone XL

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.  More »

Diamondback Energy to delay drilling, push for cuts to service costs in 2015

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 »
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