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ConocoPhillips announces $15.8 billion capital budget

ConocoPhillips will funnel $15.8 billion into its capital spending program next year, largely targeting growth in North America and shale regions, the company announced Friday.  More »

California faces carbon conundrum

Left for dead years ago, the idea of taxing greenhouse gases has sprung back to life in Washington, as politicians look for ways to tackle global warming and tame the deficit.  More »

Lawmakers seek probe of sheen near spill site

Two lawmakers want more information about a sheen that appeared near the site of the 2010 Gulf of Mexico oil spill.  More »

Oil Watch – Rest of World Oil Production (IEA)

Executive Summary This is the final installment of the tour of global crude + condensate + natural gas liquids (C+C+NGL) production data as published by the International Energy Agency (IEA) and deals with the rest of the world. OPEC and OECD productio…  More »

NRG Energy drops plans for coal plant expansion

NRG Energy has abandoned plans for a massive coal-fired electric generating unit between Houston and Dallas, citing poor economics.  More »

Chevron grows capital budget for 2013

Chevron announced a $36.7 billion capital budget for 2013, focused on expanding its oil and natural gas exploration and production activity, while allocating fewer dollars to its downstream arm.  More »

China’s growing thirst for oil and other predictions for the future

Energy leadership in Congress and perhaps the Cabinet will change next year, but leaders of the Akin Gump global energy team suggested there will be few dramatic shifts in energy policy, at least initially.  More »

Houston’s NOV shifts executives

Houston’s National Oilwell Varco promoted two executives Thursday in what appeared to be a preparatory step in advance of CEO Pete Miller’s eventual retirement.  More »

U.S. feels less gasoline pain as Pakistan tops ranking

The U.S., the world’s biggest oil consumer, is among the nations feeling the least pain at the gasoline pump, while Pakistan tops the list of 60 countries ranked by Bloomberg.  More »

Japan scientists took utility money

Influential Japanese scientists who help set national radiation exposure limits have for years had trips paid for by the country’s nuclear plant operators to attend overseas meetings of the world’s top academic group on radiation safety.  More »

Who is the Denier and in Denial?

A recent letter in the Huffington Post—12-03-12  Chevron and Me– by the founder of Fenton Communications, a PR  firm for the far left ideology, accused the CEO of Chevron of being a denier on climate change because he answered a question by stating that the world had no choice but to burn fossil energy since [...]  More »

Weatherford could be aquisition target

The Houston-based company plans to publish its interim report on income tax restatements on December 17, the same day it will also file amended annual financial statements for 2011 and quarterly financial statements for the first quarter of 2012.  More »