A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

Lawsuit wants plans mandated for dealing with big oil spills

The group says the Department of Transportation was ordered to write regulations and review companies’ spill response plans 20 years ago but never has.
(AP Photo/Oded Balilty, File)

NRDC: U.S. has made “unprecedented” shift to renewables

While natural gas plants are considered more environmentally friendly than their coal counterparts, the report notes natural gas production is linked to the emission of methane — the main component of natural gas — which is a “potent climate change pollutant.”
In this March 25, 2014 photo, a worker oils a pump during a hydraulic fracturing operation at an Encana Corp. well pad near Mead, Colo. The first experimental use of hydraulic fracturing was in 1947, and more than 1 million U.S. oil and oil wells have been fracked since, according to the American Petroleum Institute. The National Petroleum Council estimates that up to 80 percent of natural oil wells drilled in the next decade will require hydraulic fracturing. (AP Photo/Brennan Linsley)

Encana to sell Colorado fields for $900 million

The Canadian oil company drills for hydrocarbons primarily in Texas and Alberta shale formations. In Colorado, it produces a daily haul of 14,800 barrels of oil and 52 million cubic feet of natural gas on the 51,000 net acres it plans to sell.
(LEON NEAL/AFP/Getty Images)

Libya’s oil export capacity rises as Zueitina Port reopens

Zueitina began Thursday loading 600,000 barrels of crude on the Sea Faith tanker. The shipment, bound for Italy, is the first since May
(AP file photo/Hasan Jamali)

Saudi Arabia said to order spending curbs amid oil price slump

With income from oil accounting for about 90 percent of revenue in the Arab world’s largest economy, a drop of more than 40 percent in crude prices in the past 12 months has put pressure on the nation’s finances.
Oil inventories rose last week.

Lower refinery use sends oil stores up

U.S. benchmark crude pulled back from earlier highs after a government report showed a rise in inventories.
Categories: Crude oil, General

Crude rises amid inventory data, production cuts

Given it is such a colorful day in markets today, let’s do some painting by numbers to get a more complete picture of what is going down in energyland™ et al: $130 billion : OPEC Secretary General Abdalla Salem el-Badri said global oil investments are being slashed by $130 billion this year, as projects are seeing […]
Categories: Crude oil
(Alexander Zemlianichenko Jr./Bloomberg)

Oil drillers hunker down for more pain one year into crude crash

A year after oil sank into a bear market, the industry is still hunkering down for a long period of low prices, with Europe’s biggest producer seeing only the first glimpses of a recovery.
(Jerry Lara/San Antonio Express-News)

Oil-producing solar farm nears construction start

The 1-gigawatt solar-thermal project will turn water into steam for injection into an oilfield in Oman.
(Daniel Acker/Bloomberg)

Keystone XL developer seeks different approval for route

Former Gov. Dave Heineman approved the Nebraska route in 2013 under a state law that allowed TransCanada to use eminent domain against holdout landowners, but opponents sued and the project has been mired in state courts ever since.