President Barack Obama arrives at the TransCanada Stillwater Pipe Yard in Cushing, OK, to discuss his energy policy, on March, 22, 2012. (Photo: Pablo Martinez Monsivais/AP Photo)

Obama to confront oil pipeline, climate change

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President Barack Obama’s second-term energy agenda is taking shape and, despite the departure of key Cabinet officials, it looks a lot like the first: more reliance on renewable energy sources, such as wind and solar, and expanded production of oil and natural gas. Obama also is promising to address climate change, an issue he has acknowledged was sometimes overlooked during his first term.
(AP Photo/Hasan Jamali)

IEA sees tighter oil market, boosts demand forecast

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The International Energy Agency raised forecasts for global oil demand this year because of stronger growth expectations for China and said the world oil market is “tighter” than previously estimated.
Categories: Crude oil
Then-Interior Secretary Ken Salazar speaks at the White House in 2012. (AP file)

Interior chief had ‘common ground’ with oil industry

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As oil spewed from the Macondo well in the Gulf of Mexico, Interior Secretary Ken Salazar pledged to keep a “boot on the neck” of BP Plc (BP/) to get it to plug the leak and clean the mess. Then he halted new deepwater drilling.
Categories: Crude oil, Offshore
( Kevin Fujii / Chronicle )

Parnell sets new benchmarks for gas pipeline

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Gov. Sean Parnell on Wednesday set new benchmarks for progress on a major natural gas pipeline project in Alaska and urged lawmakers to act this year on legislation to change the state’s oil tax structure.
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Iraq considering BP for work on Kirkuk oil field

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An Iraqi oil official says the country is considering a proposal for British oil giant BP to begin work on a major oil field that lies in territory contested by Baghdad and the minority Kurds.
Categories: Crude oil
(Bureau of Safety and Environmental Enforcement)

Oil & gas industry could see revenue sharing win this year

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The oil industry’s top ambassador in Washington predicted Congress could move swiftly to give coastal states more revenue collected for energy development near their shores.
The Overseas Reymar sails past Angel Island on Friday, four days after it hit the Bay Bridge. Photo: Paul Chinn, The Chronicle

Bridge-crash tanker’s last-minute shift

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The pilot of the oil tanker that hit the Bay Bridge last week apparently decided at the last minute to change course and head between a different set of bridge towers, a tricky maneuver that may have played a role in the accident, experts said.
Categories: Crude oil
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OPEC cuts oil output to 14-month low amid economic uncertainty

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OPEC reduced its production to the lowest level in 14 months as budget wrangles in the U.S., uncertain impact of stimulus measures in Japan and Europe’s struggle to boost growth cloud outlook for fuel demand.
Categories: Crude oil, Offshore
Carl Icahn (AP file photo/Mark Lennihan)

Icahn’s stake put new pressure on Transocean

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Carl Icahn’s new stake in Transocean Ltd. (RIG) may raise pressure on the world’s largest offshore driller to put some of its rigs into a tax-advantaged partnership as the billionaire seeks to boost his investment’s value.
The Trans-Alaska pipeline (Photo: BP)

Alaska gov proposing oil tax revamp

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Gov. Sean Parnell is proposing an overhaul of Alaska’s oil tax structure, saying his new plan is simpler and aimed at making the state more competitive while encouraging new production.