(Daniel Acker/Bloomberg)

Keystone XL developer seeks different approval for route

Former Gov. Dave Heineman approved the Nebraska route in 2013 under a state law that allowed TransCanada to use eminent domain against holdout landowners, but opponents sued and the project has been mired in state courts ever since.
WASHINGTON, DC - OCTOBER 06:  Energy Secretary Ernest Moniz testifies before the Senate Energy and Natural Resources Committee about the potential modernization of the Strategic Petroleum Reserve and related energy security issues in the Dirksen Senate Office Building on Capitol Hill October 6, 2015 in Washington, DC. Created in the wake of the 1973 energy crisis, the reserve is supposed to make sure the U.S. economy will not be hurt by an embargo or sharp price spike and Moniz estimates that $2 billion will be needed for distribution work and other technical upgrades.  (Photo by Chip Somodevilla/Getty Images)

Moniz: Strategic Petroleum Reserve is too valuable to sell its stockpiles

Forty years after the U.S. created an emergency crude stockpile, it needs modernization to swiftly respond to oil supply disruptions, Energy Secretary Ernest Moniz told senators.
(AP file photo/George Osodi)

SEC plans oil payment transparency rule by June 2016

In an “expedited schedule” filed with a federal district court, the SEC said it would propose a draft rule by the end of the year and adopt a final set of disclosure mandates in June 2016. The move came after a human rights group challenged the agency’s long delays writing the rule, after an oil industry lawsuit invalidated the SEC’s first disclosure mandates.
An LNG tanker (Tomohiro Ohsumi/Bloomberg)

LNG boosters tout it as a cleaner, greener alternative to burning coal overseas

Even when U.S. natural gas is super-chilled into a liquid form, shipped by tanker around the globe, and burned to generate electricity, it producers fewer greenhouse gas emissions than the coal it often displaces, according to an industry analysis released Monday.
Clean-up crew members from the environment ministry attempt to clear a pool of crude oil, leaked from a burst pipeline in the Arava desert, during the clean-up operation in the Evrona nature reserve near Eilat, Israel, on Thursday, Dec. 25, 2014. Ten days after the Trans-Israel pipeline burst, flooding the Evrona nature reserve with 5 million liters of crude oil, Israel's acting Environmental Protection Minister Ofir Akunis told the Cabinet Dec. 14 that 90 percent of the oil had been removed and the danger of it spreading to the Red Sea had been averted. Photographer: Ariel Jerozolimski/Bloomberg

Feds want tougher rules for oil pipelines

The U.S. Department of Transportation proposed expanding pipeline inspection requirements to include rural areas that are currently exempt and for companies to more closely analyze the results of their inspections.
FILE - In this Feb. 4, 2014 file photo, Sen. Heidi Heitkamp, D-N.D., speaks on Capitol Hill in Washington. Heitkamp said Wednesday, Sept. 9, 2015, that she won?t run for North Dakota governor, a setback for Democrats? hopes of claiming the state?s top office. (AP Photo/J. Scott Applewhite, File)

Senate panel advances oil exports in near party-line vote, signalling trouble ahead for bill

Although the Senate banking committee voted 13-9 to approve an oil exports bill, the panel debate on the measure illustrated hardening partisan division over the possible trade policy change.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Obama administration’s new fracking rules blocked by U.S. judge in Wyoming

The ruling by U.S. District Judge Scott Skavdahl puts on hold the most closely-watched effort by the Obama administration to ensure that fracking doesn’t contaminate water supplies.
Joint Economic Committee members Sen. Pat Toomey, R-Pa., left, and Sen. Dan Coats, R-Ind. talk on Capitol Hill in Washington, Thursday, Dec. 6, 2012 (AP Photo/ Evan Vucci)

Sen. Pat Toomey seeks to shred biofuel mandates as part of oil exports bill

Before the Senate Banking Committee votes on legislation to lift the oil export ban on Thursday, the panel may consider whether to axe some U.S. biofuel mandates.
Nigeria's President Muhammadu Buhari, left, shakes hands with United Nations Secretary-General Ban Ki-moon as they meet during the 70th session of the United Nations General Assembly at U.N. headquarters, Monday, Sept. 28, 2015. (AP Photo/Craig Ruttle)

Nigerian president also plans to be oil minister

Nigeria is Africa’s biggest petroleum producer and is hard hit by halved prices for the oil that provides 80 percent of government income.
Jeb Bush, former governor of Florida and 2016 Republican presidential candidate, speaks to attendees at the Iowa State Fair Soapbox in Des Moines, Iowa, U.S., on Friday, Aug. 14, 2015. Sampling a fried Snickers bar and sidestepping a few hecklers, Bush made his way through the Iowa State Fair on Friday as he tried, and at times showed signs of struggling, to present himself as a fresh voice in the Republican presidential field. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Jeb Bush

Jeb Bush wades into oil export debate, calls for ending ban

The former Florida governor is calling for ending the 1970s-era law prohibiting the U.S. from exporting crude oil at a time when domestic petroleum production has grown rapidly over the past decade.