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Pipeline Modernization Needed to Embrace Energy Potential

“You cannot understand economics unless you understand energy. The industry is carrying the rest of the U.S. on its shoulders. Without the energy boom going on, there would be no economic recovery at all.”   – Stephen Moore, Chief Economist for the Heritage Foundation, at the Shale Insight 2014 Conference This month, the City of Pittsburgh […]  More »

Pipeline’s path stirs opposition in Va., W.Va.

A proposed $5 billion pipeline that would deliver natural gas to the Southeast is finding opposition along its planned path in West Virginia and Virginia.  More »

Drones could be used on North Dakota oil fields

While the commercial use of drones is largely banned, the Federal Aviation Administration allowed oil giant ConocoPhillips to use unmanned aircraft systems in Alaska’s Prudhoe Bay oil field last year and granted a similar permission to BP there in June.  More »

The Corruption of Science

The late Dr. Michael Crichton in a speech at the California Institute of Technology made the following observation: “I want to …talk about … the rise of what has been called consensus science. I regard consensus science as an extremely pernicious development that ought to be stopped cold in its tracks. Historically, the claim of consensus […]  More »

Q&A: Companies take steps to avoid greasing palms in oil search

Energy companies are a particularly vulnerable to investigations under U.S. anti-bribery laws because they often operate in remote countries with histories of corruption, says George Terwilliger, a former deputy U.S. attorney general who now works at a private law firm.  More »

Breast cancer awareness heads to oil patch on a pink drill bit

Baker Hughes painted a thousand drill bits pink this month, adopting the rosy shade used by Susan G. Komen, the philanthropic organization that promotes education, research and advocacy for breast cancer.  More »

Cheniere considers condensate export facility near Corpus Christi

The Houston-based company is negotiating to buy 552 acres in an industrial site along the La Quinta Ship Channel for a condensate storage and shipping project which could cost between $400 and $600 million.  More »

Linn Energy is selling $2.3 billion in assets

Proceeds from Linn’s sales will be to pay for $2.3 billion worth of assets it bought Devon Energy Corp.  More »

Tillerson: Houston at center of energy revolution

In a speech made today in downtown Houston, ExxonMobil CEO Rex Tillerson offered an extensive overview of the rise of North American oil and gas production and urged lawmakers to leave politics out of industry regulations.  More »

Angry Michigan residents blocking Energy Transfer pipeline work

ET Rover Pipeline LLC might need to seek a court order to survey land since many residents of Genesee County are refusing to allow crews on their property.  More »

Huntsman completes $1 billion pigments purchase

The acquisition of assets from New Jersey-based Rockwood Holdings makes Huntsman the second-largest maker in the world of titanium dioxide and inorganic color pigments, used in paint, coatings and other products.  More »

U.S. petrochemical renaissance sows worry in Europe

European chemical companies face greater pressure to rethink they way they do business in if they want to compete against U.S. petrochemical plants, which have been buoyed by the shale boom.  More »

Oil industry wants 7-10 years to phase out tank cars

Leading oil industry trade groups on Tuesday told federal regulators that proposed regulations to boost the safety of transporting crude by trains need to be phased in more slowly and should not mandate tank cars with extra-thick shells.  More »

Democrats to Obama: Get tough on oil companies drilling on public land

At issue is the Interior Department’s proposed rule to tighten standards for wells on federal and Indian lands, including new mandates for the hydraulic fracturing process used to coax oil and gas out of dense rock formations.  More »

Autumn brings fall in gasoline prices

Gasoline prices are about a dime lower as September ends than at the beginning of the month.  More »