Oil prices rise on continued concern about Iran
Brent crude, a benchmark for foreign oil imported by U.S. refineries to make gasoline, added $1.24 to end the day at $122.90 per barrel in London. More »
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Obama corporate-tax plan would boost clean energy
The corporate tax plan President Obama outlined on Wednesday would roll back oil-and-gas industry tax breaks while promoting more development of renewable energy such as wind and solar. More »
Gas prices again fueling energy policy debate
Gasoline prices have once again risen to the forefront of energy policy debate, resulting in a political back-and-forth among lawmakers, interest groups and the Obama administration. More »
Okla. panel wants to limit refunds for drillers
After pledging to Oklahoma’s oil and gas industry that it would make good on tax breaks temporarily set aside during a fiscal crisis, some legislators believe the state should repay developers only about 50 cents on the dollar. More »
Nonprofit to study Pa. gas drilling, public health
A nonprofit group has opened an office in western Pennsylvania to help the public with health concerns over Marcellus Shale gas drilling operations. More »
Sunoco Logistics to expand Nederland terminal
The project, which will include new rail lines to help the facility with shipments of sweet crude oil from production centers in North Dakota, is considered to be the first phase of a project that could lead to more expansions.
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Enterprise draining 2.3 million barrels of oil into Cushing
The companies are preparing to reverse the Seaway pipeline’s flow to take oil to U.S. Gulf Coast refiners.
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Oil price climbs on fear Iran may stop more oil
“People are just scared about Iran,” independent analyst and trader Stephen Schork said. More »
Shell: Nigeria can produce 4M barrels of oil a day
Nigeria could produce as much as 4 million barrels of oil a day, but production remains held back by chronic problems with the nation’s government and the rampant theft of crude from pipelines, a top official with Royal Dutch Shell PLC said. More »
Anadarko says Jupiter-1 well off Sierra Leone finds oil
Anadarko Petroleum Corp. (APC) said the Jupiter-1 exploration well off Sierra Leone found oil and gas. More »
Oil profits slide fastest since Lehman collapse on gas
Profits for the biggest U.S. energy producers including Exxon Mobil Corp. (XOM) are poised to decline the most since the financial meltdown of 2008-09 as the drilling technique known as fracking collapses natural gas prices. More »
UGA scientists to study effects of Gulf oil spill
Three university of Georgia scientists have received a three-year grant to study the effects of the 2010 Deepwater Horizon oil spill on the Gulf of Mexico ecosystem. More »
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