The change implies that OPEC’s 12 members would need to cut output by about 1.1 million barrels a day from the 30.3 million they produced in August. More »
America’s energy renaissance isn’t brought to you by Big Oil. That’s the message the American Petroleum Institute is delivering with a new report that shines a spotlight on the nearly 30,000 businesses that supply the oil and gas industry with equipment and services. More »
The United States is exporting more petroleum products, most of which is coming from the Gulf Coast. More »
Gov. Bobby Jindal and Frank Randazzo, the company’s chief operating officer, said Monday that NFR BioEnergy will convert sugar cane waste, known as bagasse, into hardened energy pellets for use as fuel at global power plants. More »
Texas, with its history of oil booms and busts, offers expertise for a country new to the energy game.
Guest commentary: There is still time for the industry to take back control of the online narrative before activists chip away at the 68 percent of Americans who currently support offshore oil and gas drilling.
Shell Oil Co. announced Monday that it had begun production from a subsea project in the Gulf of Mexico that is expected to eventually produce 50,000 barrels of oil equivalent per day. More »
Brent crude fell below $100 a barrel for the first time since June 2013 as a slowdown in imports into China reinforced signs of surplus supply. West Texas Intermediate dropped to the lowest in almost eight months. More »
Ethanol production has become a key issue in Iowa’s closely matched U.S. Senate race, with both candidates pledging support for an industry that is important to the state’s corn-powered agricultural economy More »
The head of a Republican energy task force predicts the U.S. House of Representatives will advance legislation next year to relax a decades-old ban on exporting most U.S. crude. More »
Sugar Land’s Rangeland Energy has singed a multi-year deal with Houston-based oil services company Halliburton Co. to provide fracking sand rail unloading, storage and distribution in West Texas’ Delaware Basin, a part of the larger Permian Basin. More »
Iraq’s attorneys once again asked a federal judge to seize 1 million barrels of contested crude, claiming that the tanker floating off the coast of Galveston since late July plans to offload and sell its cargo within the United States. Kurdistan in court has explicitly not confirmed or denied whether it owns the crude, leading […] More »