Category: Crude oil

Steffy: ‘BP’s return to the Gulf is a whack-a-mole effect’

Last week, BP pushed ahead with plans to resume drilling in the Gulf of Mexico, one week after the release of final joint report by the Coast Guard and the Bureau of Ocean Energy Management into its Macondo well disaster in April 2010.  More »

Italy’s Eni: Oil production resumes in Libya

Italian energy giant Eni said today it has resumed oil production in Libya after months of interruption for the civil war, tapping 15 wells and producing some 31,900 barrels of oil per day. French energy company Total said it restarted some production last week.  More »

Remote Wyoming site could help shape fracking’s future

Natural gas development in the U.S. will depend not only on what happens in Washington and in statehouses across the country. It could be shaped in part by what happens in a big antelope-dotted field south of this remote valley town.  More »

LSU studying oil spill via bugs, sparrows, oysters

Pelicans and other birds drenched in oil got lots of attention during last year’s BP oil spill. But bugs?  More »

For first time since spill, BP asks permission for deep-water drilling

BP is asking federal regulators to approve a blueprint for new deep-water drilling in the Gulf of Mexico for the first time since its Macondo well blew out and triggered the nation’s worst oil spill last year.  More »

E-mails show bias in Keystone Review, advocacy group says

Lobbying efforts on behalf of TransCanada Corp. (TRP)’s $7 billion Keystone XL pipeline project show the U.S. State Department’s pro-industry bias, an environmental advocacy group said today.  More »

Oil prices continue downward spiral on recession fears

Oil prices continued to fall sharply today, retreating $2 to below $79 a barrel amid falling equity markets and the prospect of weaker demand for crude as the global economy slows.  More »

Venezuela isn’t negotiating with Exxon over oil project

Venezuela’s government says it has no intention of negotiating with Exxon Mobil Corp. to try to settle their dispute over financial terms for the nationalization of an oil project.  More »

Public, lawmakers weigh proposal to expand Alaska refuge

A battle over whether the coastal plain of the Arctic National Wildlife Refuge should be set aside as wilderness — or eventually opened up for oil exploration — brought dozens of people with polar-opposite views to a public hearing in Anchorage.  More »

Bill aimed at restoring Gulf goes to full Senate

A bill that calls for 80 percent of BP penalties to go toward restoring the Gulf of Mexico has moved onto the full U.S. Senate.  More »

Oil falls sharply on economic fears

Oil prices are down sharply on worries the economy could slow further.  More »

Oil companies face new regulations to save birds

In the wake of federal charges accusing seven oil companies with killing 28 migratory birds in open waste pits, oil and gas drilling operations in North Dakota could soon be hit with state regulations that one advocate said would change the face of the state’s drilling industry — and save a lot of birds.  More »