JAPAN-ECONOMY-TRADE

Oil exports would give US leverage, former ambassador says

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So far, most of the congressional debate on crude exports has focused on the economics of the issue, but former Amb. Carlos Pascual’s comments amplify geopolitical concerns with the longstanding trade restrictions for oil.
(Lucas Schifres/Bloomberg)

Report: Oil and gas on public lands a ‘blind spot’ in climate fight

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The report pinpoints rising methane emissions from oil and gas wells on public lands and waters as a significant share of the heat-trapping gases tied to all energy development nationwide.
Martin Craighead, president and CEO of Baker Hughes Incorporated, speaks at the facility located at 9110 Grogans Mill Road Monday, Feb. 3, 2014, in The Woodlands. (Melissa Phillip/Houston Chronicle)

Baker Hughes’ CEO talked with global conglomerate before Halliburton deal

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The CEO of Baker Hughes had met with a global conglomerate in Europe just weeks before his company struck a $35 billion deal to sell itself to Halliburton, new corporate disclosures show.
Interior Secretary Sally Jewell is briefed before a March 18, 2015 government auction of drilling rights in the central Gulf of Mexico. (Photo: Bureau of Ocean Energy Management)

Feds collect millions in Gulf oil drilling sale, despite falling prices

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Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.
At the Motiva Port Arthur refinery on Saturday, Feb. 21, 2015.  (Mike Tobias/The Enterprise)

Striking Motiva workers approve contract

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Employees could go back to work as soon as Monday, said Garrett Ozment, a union representative and machinist at the refinery, which is the nation’s largest.
Bloomberg Photo/Scott Dalton

Out of Keystone debate’s glare, pipelines going in nationwide

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While the Keystone project awaits a final decision, lesser-known developments have quietly added more than 11,600 miles of pipeline to the nation’s domestic oil network.
(StockMonkeys.com/Flickr)

Algeria oil corruption trial begins after 5-year delay

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In a packed courthouse that included the ambassadors of Italy, the U.S. and Germany, prosecutors read out the charges against former head of Sonatrach, Mohammed Meziane, his two sons, and 16 other company officials.
Categories: General
Delegates attend an economic conference, in Sharm el-Sheikh, Egypt, Saturday, March 14, 2015. Egypt raked in promises of more than $12 billion in investment and aid from its Gulf Arab allies on Friday, kicking off an international conference aimed at rescuing the country's gutted economy and giving a political boost to its soldier-turned-president. President Abdel-Fattah el-Sissi made his case for the world's support, depicting Egypt as vital to regional stability and a bulwark against Islamic militancy. (AP Photo/Hassan Ammar)

Businesses upbeat on Egypt’s chances at investment meeting

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Saturday’s focus shifted to the private sector, with several companies announcing agreements, including some from Germany’s Siemens AG that were the largest single package signed at the three-day conference.
Israeli Prime Minister Benjamin Netanyahu chairs a weekly cabinet meeting at his Jerusalem office in March 2015.  (AP Photo/Gali Tibbon, Pool)

Senators push oil-supply pact with Israel

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Senators want the United States to renew a longstanding pledge to supply Israel with crude if the country’s oil supplies are interrupted.
(Photo by Andrew Burton/Getty Images)

Oil could fall again if U.S. crude clutters storage, IEA says

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The International Energy Agency says stable oil prices in recent weeks could be a mirage, as the market hasn’t finished shedding a global glut in crude supplies.