Category: Crude oil

Exxon manager says work going well at Alaska’s Point Thomson

Alaska’s current healthy environment for investment is a reason to vote against repeal of an oil tax measure passed in 2013, an ExxonMobil official told the Fairbanks Chamber of Commerce on Tuesday.  More »

NY top court considers local bans on gas drilling

The cases being argued before the Court of Appeals involve bans in the small towns of Dryden and Middlefield in rural central New York.  More »

Kansas pushes back on lesser prairie chicken

Kansas Gov. Sam Brownback announced Tuesday that he is pushing the federal government to assume some costs for protecting the lesser prairie chicken by expanding incentives for farmers to enroll their land in a longstanding conservation program.  More »

Vancouver City Council opposes oil train terminal

The Vancouver City Council has voted to oppose what would be the Pacific Northwest’s largest crude oil train terminal  More »

Oil up slightly as U.S. supply data awaited

Energy demand from China was likely to stay solid as a second survey confirmed that China’s manufacturing improved last month.  More »

Pain at the Pump

With Memorial Day behind us, the summer driving season is “officially” underway. Predictably, the price of gasoline is rising. AAA has warned motorists’ gasoline prices are expected to remain high this summer, a reoccurring trend. Since 1995, when the Environmental Protection Agency (EPA) mandated two types of gasoline formulas be used – summer and winter […]  More »

Energy supply requires $40 trillion investment to 2035, IEA Says

More than half of that amount will be needed to compensate for declining output at mature oil and gas fields, and the remainder on finding new supplies to meet rising demand, the Paris-based agency said in a report Monday  More »

BHP Billiton touts Texas success

Historically, BHP Billiton’s liquids production has been offshore, but it says it’s new activities in U.S. shale are poised to make big gains for the Australian company.  More »

Oil closes at a two-week low

Benchmark U.S. oil for July delivery fell 24 cents to $102.47 a barrel.  More »

ND governor calling for more pipelines

Gov. Jack Dalrymple is meeting with industry leaders later this month in Bismarck to push for more oil and gas pipelines in North Dakota.  More »

Big Oil on a spending spree in Alaska – for now

Energy company investments in Alaska could reverse declining oil production in the state, unless, they say, voters dismantle a new oil tax regime.  More »

Iraq says crude oil exports rise slightly in May

The oil exports averaged 2.582 million barrels a day last month, an increase from the 2.510 million barrels per day in April, ministry spokesman Assem Jihad said.  More »