UAE, Dubai, ENOC filling station at Ibn Battuta gate (Getty Images)

Emirates National Oil proposes bid for rest of Dragon Oil

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ENOC, owner of 53 percent of Dragon, said it intends to offer 735 pence a share, a premium of 44 percent from March 13, the day before talks were initially disclosed. It plans to meet with Dragon Oil’s shareholders to discuss the proposal.
Ruptured Pipeline Spills Oil Along Santa Barbara Coast

Records tally accidents involving Plains All American following oil spill

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A federal database shows enforcement cases against the companies resulted in collection of $154,000 in penalties, for violations including not doing enough to prevent pipeline corrosion, failing to inspect valves frequently enough and not preventing lines from being over-pressured.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

Updated: Exxon lobbyist revises federal disclosure deport on Iran work

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Former U.S. Senator Don Nickles, who runs a Washington lobbying firm, revised a federal disclosure report about work for Exxon Mobil Corp. to say his company was enlisted to monitor legislative activity related to Iran, not to lobby.
This photo provided by the Santa Barbara County Fire Department shows an oil slick from a broken pipeline off the central California coast near Santa Barbara on Tuesday.   (Mike Eliason/Santa Barbara County Fire Department via AP)

Thousands of gallons of oil sopped up from California coast

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Gov. Jerry Brown on Wednesday night declared a state of emergency, a move that frees up additional state funding to help with the cleanup.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Canada oil patch to see massive consolidation, analyst predicts

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Crude oil prices remain about 44 percent lower than in June even after rebounding somewhat from a six-year low in March. The lower prices have led oil-sands producers in Western Canada to reduce spending by billions of dollars and cut thousands of jobs.
Ruptured Pipeline Spills Oil Along Santa Barbara Coast

Plains All American says up to 105,000 gallons of oil may have spilled from California pipeline

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The Plains All American Pipeline company says in a statement the current estimate remains 21,000 gallons, but it says that figure is under investigation.
Jack Welch, former CEO and Chairman of General Electric, in San Francisco on Monday, May 11, 2015.

Former GE CEO Jack Welch tells energy companies to think long term, keep their talent

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Welch, who led GE for 20 years until 2001, said low oil prices are teaching energy companies to become more efficient and potentially more profitable in the long run.
APTOPIX California Oil Spill

Efforts underway to scrub spilled oil from California coast

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Workers from an environmental cleanup company strapped on boots and gloves and picked up shovels and rakes to tackle the gobs of goo stuck to sand and rocks along Refugio State Beach on the southern Santa Barbara County coast.
U.S. refineries consumed 245,000 barrels per day more last week than the week before. (Jake Daniels/The Enterprise)

Oil inventories fall for third straight week, and crude price edges up

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Total inventories stood at 482.2 million barrels of oil for the week ending last Friday, down 2.7 million from the previous reporting period.
California Oil Spill

4-mile oil slick lines California coast after pipeline spill

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Initial estimates put the spill at about 21,000 gallons Tuesday, but that figure would likely change after a Wednesday morning flyover gave a better sense of the spill’s scope, U.S. Coast Guard spokeswoman Jennifer Williams said.