Category: Crude oil

Illinois state agency issues fracturing rules

he lengthy report follows months of delays and complaints over the process to draft rules governing hydraulic fracturing, or fracking, in Illinois. Industry officials say southern Illinois has rich deposits of natural gas, but a final draft of the rules — initially touted as a national model of both sides working together — has taken months for the agency to produce as industry groups warned the state was losing business.  More »

Commentary: Mexico enters shale play

While the energy world has been focused on Canadian shale over the past few years, Mexico has been quietly emerging as a major player in the crude oil and natural gas industry. With the recent passage of massive energy reforms in Mexico, billions of barrels of oil and trillions of cubic feet of natural gas […]  More »

Feds to resume leasing for fracturing in California

The move will end a halt that has stood since a federal judge ruled in 2013 that the federal agency failed to follow environmental law in allowing fracking on public land in Monterey County.  More »

GDP report helps send crude price up

U.S. gross domestic product grew at a 4.2 percent annualized rate last quarter.  More »

More oil moving on rails, EIA says

The amount of crude oil and refined petroleum products moving on U.S. railroads has increased by 9 percent so far through July compared to the same period last year, according to a review U.S. Energy Information Administration.  More »

Tanker reappears on tracking system, and it’s still in the area

A tanker of oil at the center of a dispute between Kurdistan and Iraq apparently is still in Galveston-area waters despite two days of absence from maritime tracking systems.  More »

Occidental breaks ground on Midland complex

MIDLAND — Occidental Petroleum officials and employees gathered earlier this week with local- and state-elected officials — including Gov. Rick Perry — to break ground for the company’s Midland office. Mayor Jerry Morales began the event, welcoming participants and citing not only Occidental’s job creation but its contributions to the community — from schools to […]  More »

Gasoline futures fall before Labor Day

West Texas Intermediate crude settled little changed.  More »

Tanker ruling comes at critical time for Kurdistan under siege by militants

A federal judge’s ruling that technically clears the way for a contested tanker of crude to be offloaded in the United States comes at a critical time for Kurdistan, which urgently needs a large infusion of cash to defend itself against Islamist militants.  More »

Exxon Mobil to pay civil penalty for 2012 oil spill

The U.S. Department of Justice and the Environmental Protection Agency said Tuesday the company will pay the penalty to resolve the government’s claim.  More »

Guest commentary: Eight steps to plug cybersecurity holes

Since governmental guidelines and voluntary practices of today can quickly turn into the requirements of tomorrow, the oil and gas pipeline industry can prepare now.  More »

Crude climbs on strong economic reports

Oil for October delivery increased 51 cents to $93.86 a barrel.  More »
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