A trailer park occupied mostly by oil workers is seen in an aerial view in the early morning hours of July 30, 2013 near Watford City, North Dakota. (Photo by Andrew Burton/Getty Images)

North Dakota will send more oil tax revenue to boom towns grappling with growth

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North Dakota’s state fund currently sets aside 75 percent of some oil tax revenues for the state and 25 percent for local governments.
Smoke and flames erupt from the scene of a train derailment Thursday, March 5, 2015, near Galena, Ill. A BNSF Railway freight train loaded with crude oil derailed around 1:20 p.m. in a rural area where the Galena River meets the Mississippi, said Jo Daviess County Sheriff's Sgt. Mike Moser. (AP Photo/Telegraph Herald, Mike Burley)

Oil train tank cars need urgent upgrades

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The industry in 2011 voluntarily adopted rules requiring sturdier tank cars for hauling flammable liquids such as oil and ethanol. But cars built to the new standard split open in at least four accidents during the past year.
(Johnny Hanson/Houston Chronicle)

Cheap oil is squeezing property owners in energy hubs

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The 50 percent plunge in crude values since June is already dragging down property prices in Texas.
Russ Girling, President & CEO, TransCanada Corporation, participates in the "Upstream Plenary: Opportunity Rich or Poor? State of the Global Upstream" during CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

TransCanada CEO cites new Beluga whale protections in delaying Energy East pipeline

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TransCanada’s has said it won’t build an oil export facility in Québec as part of its Energy East pipeline project.
(Daniel Acker/Bloomberg)

Record gasoline output to curb biggest U.S. oil glut in 85 years

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Refiners are enjoying the best margins in two years as they finish seasonal maintenance of their plants before the summer driving season.
LOOPPipelines2

Louisiana oil port, made for import, rents domestic storage

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The Louisiana Offshore Oil Port recently auctioned 11.3 million barrels of monthly storage space and has scheduled another auction Tuesday, The Advocate reported.
(Photo by Andrew Burton/Getty Images)

Energy executives create new company in Tulsa

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The five businessmen, who have all spent time at oil and gas company Apache Corp., say the company will focus on producing oil and natural gas liquids.
People wave Russian flags as they look at Russian President Vladimir Putin delivering a speech on a screen on March 18, 2014, in Sevastopol.  (VIKTOR DRACHEV/AFP/Getty Images)

Ruble trims weekly gain with stocks after oil drops on Iran deal

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The ruble’s strength amid weaker oil prices risks exacerbating a budget shortfall that’s forecast to be the widest since 2010.
From left, EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, Iranian Foreign Minister, Mohammad Javad Zarif, British Foreign Secretary, Philip Hammond, and U.S. Secretary of State, John Kerry, line up for a press announcement after the end of a new round of Nuclear Iran Talks in the Learning Center at the Swiss federal Institute of Technology (EPFL), in Lausanne, Switzerland, Thursday, April 2, 2015. (AP Photo/Keystone, Jean-Christophe Bott)

Iran moves closer to restoring oil exports on nuclear accord

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Minutes after the deal was announced, Brent crude, the global benchmark, fell as much as 5.4 percent.
Mining trucks carry loads of oil-laden sand at the Albian Sands oils sands project in Ft. McMurray, Alberta. (AP file photo/Jeff McIntosh)

Oil sands developer denied bid to restructure in Canada

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Connacher, an oils-sands developer, was seeking an Alberta court’s approval to swap C$1 billion ($796 million) of bonds for equity and to issue $35 million of convertible notes.