Category: Crude oil

Report: Keystone XL oil won’t end up in U.S. drivers’ tanks *updated*

Environmentalists fighting a controversial oil pipeline insisted today that the Canadian crude it would carry will be exported by refiners instead of remaining inside the U.S.  More »

Chevron CEO sees U.S. energy “renaissance” with right policies

That revival could create thousands of jobs and lessen the nation’s dependence on foreign oil, yet it will only be achieved with an energy policy that expands access to domestic oil and gas resources and reduces the regulatory burden on producers, Chevron CEO John Watson said in a speech today in Houston.  More »

Exxon, Rosneft to unveil international project by next year

Exxon Mobil Corp. and OAO Rosneft, Russia’s biggest oil producer, will announce joint international projects by early next year, an official for the Moscow-based company said today during a conference call.  More »

Steffy: ‘XL headache: despite protests, president must consider U.S. energy needs’

One of the protesters outside the White House recently carried a model of a wind turbine above a sign that called for “more wind not tar sands oil.”  More »

Report: Shell won’t stop production in Syria

Royal Dutch Shell PLC will not stop producing oil in Syria unless it is directed to do so by the European Union, media in the Netherlands report.  More »

ExxonMobil, Rosneft sign pact to explore Russia’s Arctic

The agreement calls for spending $3.2 billion to fund exploration in the Kara Sea and Black Sea, and enables Rosneft to gain stakes in ExxonMobil exploration holdings in the deep-water Gulf of Mexico and tight oil fields in Texas, as well as in other unspecified countries, the companies said.  More »

Keystone XL pipeline: `national interest’ vs. climate

Environmentalists have cast approval of the Keystone XL pipeline as “the most important environmental decision President Obama will make before the election.” It’s also the most important energy policy decision he will make. With State Department approval of the pipeline likely, the final decision will fall squarely on the president. In another of the flood [...]  More »

Fact Check: Bachmann energy claims oversimplified

America’s energy future can’t be unlocked as simply as Republican presidential candidate Michele Bachmann makes it sound when she depicts the nation as the “king daddy dogs” of energy. Even if environmentalists folded and Washington regulators got out of the way, much of the energy is too expensive for companies to develop.  More »

Reid: Energy revolution happening, but too slowly

A clean energy revolution is under way in the United States but isn’t happening quickly enough, U.S. Senate Majority Leader Harry Reid said.  More »

Norway’s oil finds shield it from economic gloom

While much of Europe is pinching pennies to pay its way out of the debt crisis, Norway has been awash with cash and is set to get more. Two major oil finds are revitalizing the country’s aging energy sector and promise to buoy it through the downturn looming over the global economy.  More »

Oil rises as East Coast refining resumes

Oil rose to near $89 per barrel today on expectations that supplies will be tighter in the wake of Hurricane Irene.  More »

Bachmann: Environmentalists blocking U.S. energy

Republican presidential candidate Michele Bachmann claimed this weekend that the United States has more fuel resources than any other country, but blamed what she termed “radical environmentalists” for bottling up American energy policy.  More »

Former State Dept. official: Clinton will approve Keystone XL

Secretary of State Hillary Clinton probably will approve the controversial Keystone XL pipeline that would carry Canadian oil sands crude to Gulf Coast refineries, according to a former senior State Department energy official.  More »

Plea deal possible in oil trader case?

Clyde Meltzer and Bernard Langley are scheduled to go to trial this November for their roles in an alleged oil shipments kickback scheme. A filing from the federal government hints that a plea deal may be in the works for the two men, however.  More »

Schlumberger also looking for Bexar Co. site

Fresh off Thursday’s revelation that Halliburton Co. is looking to build a “supersite” in the San Antonio area, a county official disclosed another heavy-hitter in oil services wants a piece of the action.  More »