Category: Crude oil

Oil production to grow at fastest rate ever

With rising crude production, gasoline prices are expected to drop from $3.63 per gallon of regular in 2012 to $3.34 in 2014, according to the federal projections.  More »

Colo. oil, gas panel OKs groundwater sampling rule

Colorado oil and natural gas regulators approved rules making the state the first to require energy companies to do groundwater sampling both before and after they drill.  More »

Requirement for Wyo. oil-gas leader could be eased

Wyoming lawmakers will consider whether to loosen a job requirement for the state’s next oil and gas supervisor.  More »

Skilled tradespeople head north to Alberta oil sands

American tradespeople are heading to Alberta’s booming oil sands, drawn by better wages and steady jobs for for electricians, carpenters, pipefitters and other skilled workers.  More »

Despite troubles, Africa beckons as oil frontier

The Layton Corp. expects to invest $1 billion in sub-Saharan Africa over the next few years.  More »

Regulatory revival near for U.S. energy industry

The energy industry is bracing for a suite of new environmental mandates and safety rules as President Barack Obama’s second-term administration flexes its regulatory muscle.  More »

Exxon hedges oil sands with offshore Hebron project

Exxon Mobil Corp. (XOM)’s plans to develop a $14 billion underwater oil field off Newfoundland’s coast allows the world’s biggest energy company to hedge against discounted crude from Canada’s oil sands.  More »

Energy boosts U.S. office market as Pittsburgh rents jump

Leasing demand from natural-gas and other energy companies is helping to bolster the U.S. office (BBREOFPY) market and drive growth in cities such as Pittsburgh, where rents are at their highest in more than a decade.  More »

Pa.-based website mines Marcellus Shale data

Marcellus Shale exploration produces gas, money, controversy and happy statisticians.  More »

Valero joint venture plans oil dock at Sabine-Neches

The $75 million oil dock will be able to receive tankers 24 hours a day and will deliver crude to Valero’s Port Arthur Refinery.  More »

Top energy conferences of 2012

After a year full of energy conferences in the energy capital of the world, we decided to highlight the ones that gave us the most to talk about. And not just because of the quality of their food.  More »

FMC Technologies inks subsea equipment deal with Gulf E&P firm

Houston-based FMC Technologies has inked a deal to provide subsea equipment for a deep-water offshore exploration project in the Gulf of Mexico.  More »