Category: Crude oil

Sheriff: Warnings let workers escape Okla. blast

Authorities in Blaine County say an oil rig that exploded near Watonga and forced the evacuation of several homes caused no injuries.  More »

$44 million settles Cosco Busan oil spill in bay

The shipping companies responsible for the 2007 Cosco Busan oil spill, which polluted San Francisco Bay and killed thousands of birds and fish, have agreed to pay $44.4 million to restore habitat and reimburse the agencies that responded to the disaster, state and federal officials announced Monday.  More »

Alaskans get $1,174 checks from state’s oil wealth

It’s a day that’s widely anticipated across Alaska: the announcement of how much residents will receive just for living here.  More »

Investigators seek Ala. oil spill deal records

Some Fairhope officials have been served with subpoenas by federal investigators examining a $639,000 oil spill contract with state Sen. Trip Pittman, Mayor Tim Kant said.  More »

OPEC plows billions in profits into quieting the Arab masses

Saudi Arabia will spend $43 billion on its poorer citizens and religious institutions. Kuwaitis are getting free food for a year. Civil servants in Algeria received a 34 percent pay rise. Desert cities in the United Arab Emirates may soon enjoy uninterrupted electricity.  More »

Carter: Natural gas could give U.S. path to energy security

Former President Jimmy Carter said renewable energy is unlikely to produce large amounts of power in the near future, but the nation’s natural gas reserves could put the U.S. on a path to energy security, according to a Platts press release.  More »

Industry and environmentalists brace for public pipeline meetings

Both foes and supporters of the controversial Keystone XL pipeline to connect Alberta, Canada with Gulf Coast refineries are set to square off at a public meetings that begin next week in Port Arthur and other cities along the project’s proposed route.  More »

Noble Energy begins drilling in Cyprus

A U.S. energy firm has begun exploratory drilling for oil and gas off the coast of Cyprus, the divided island’s energy chief confirmed Monday, despite strong warnings from Turkey not to do so.  More »

Houstonians protest pipeline plan

With a Valero refinery in the background, environmental activists gathered in Hartmann Park in east Houston Sunday to protest the Keystone XL pipeline, which they say will lead to more pollution in smog-filled Houston.  More »

China invests billions in Canada oil sands

As U.S. companies look toward oil riches in northern Canada, they’re encountering increasing competition – as well as some much-needed cash infusions – from the Far East.  More »

OPEC’s Badri sees Libyan oil at 1 million barrels by March

Libyan fields in the east and west may produce 550,000-600,000 barrels a day of oil soon, with production reaching 1 million barrels a day in six months, OPEC’s secretary-general said.  More »

Turkish navy to escort offshore energy search

Turkey escalated a dispute with Cyprus over oil and gas drilling in the eastern Mediterranean, saying today that it would send warships to protect its claims to resources off the coast of the divided island.  More »