Category: Crude oil

Alabama attorney general blasts BP for challenging Gulf oil spill claims

Alabama Attorney General Luther Strange is blasting British oil giant BP for challenging certain claims that could cost it billions of dollars as part of a class-action settlement the company agreed to last year with victims of the 2010 Gulf of Mexico oil spill.  More »

Energy Stories Derived From Songs By Cake

Listening to my iPod on shuffle this weekend, I rediscovered my appetite for the band, Cake. Upon further delving into their back catalogue I discovered a theme. So through their playlist here is how it is possible to get energy…from Cake.      The Distance Sooo, there is a whole bunch of Cake songs which […]  More »

U.S. oil production to surpass imports in 2013

The number of barrels pumped in the United States is expected to exceed the nation’s net oil imports, for the first time since 1995, according to federal projections.  More »

Tesoro to buy ‘green’ crude oil

San Antonio-based refiner Tesoro Corp. has agreed to purchase algae-derived “green” crude oil that will be made into diesel fuel at its West Coast refineries.  More »

Senate passes overhaul of oil tax structure

A divided state Senate late Wednesday passed an overhaul of Alaska’s oil tax structure, amid fears it will blow a hole in the state budget and give too much to oil companies with no guarantees.  More »

Gulf oil spill judge tosses claims against M-I Swaco, Cameron

A federal judge Wednesday threw out all claims against one of the companies that provided services to the ill-fated Macondo well project and tossed punitive damages claims against a second, but he refused to dismiss claims against the three main firms involved _ BP, Transocean and Halliburton.  More »

Phillips 66 signs deals to use more U.S. shale crude

Kicking its strategy of using cheaper crude oil from U.S. shale plays into high gear, Phillips 66 has signed deals with three midstream companies to bring as much as 130,000 barrels a day of North American crude oil to its refineries.  More »

Newfield CEO seeks ’certainty’ in U.S. amid planned Asian sale

Newfield Exploration Co. (NFX), which is exploring the sale of its offshore assets in Malaysia and China, said it will be able to expand production more dependably by focusing on North America.  More »

3rd NY town wins in court over fracking ban

A third upstate New York town has won a court challenge to its ban on natural gas drilling as two previous cases are about to be argued before a state appeals court.  More »

Next big oil boom could come in northwestern NM

Executives from some of the nation’s biggest oil and gas companies said Monday that the next big oil boom could take place in northwestern New Mexico.  More »

Halliburton official destroyed notes of cement test related to Gulf oil spill

A former Halliburton lab manager testified Tuesday that a company official asked him not to record results of a cement stability test related to the well in the 2010 Gulf oil spill disaster.  More »

All eyes on Alaska Senate ahead of expected oil tax vote

Both sides are ratcheting up the rhetoric on oil taxes ahead of this week’s expected vote in the Alaska Senate.  More »