Category: Politics/Policy

Gulf lease sales will reduce U.S. oil dependence

Ten planned lease sales in the Gulf of Mexico will reduce dependence on foreign oil, the U.S. Interior Department said in a draft environmental review.  More »

Iran threats add new dimension to Keystone XL debate

Threats by Iran to cut off the Strait of Hormuz, through which nearly a fifth of the world’s oil is transported, have further energized both sides in the debate over the proposed Keystone XL oil pipeline.  More »

Nebraska gives pipeline firm map of areas to avoid

The Canadian company that wants to build a $7 billion pipeline to tar sands oil across the Plains to refineries near the Gulf of Mexico now has a map of areas to avoid in Nebraska.  More »

Noble’s Cyprus gas find may be complicated by Turkey

Noble Energy Inc. (NBL)’s plans to develop as much as 8 trillion cubic feet of natural gas off the coast of Cyprus may be complicated by a dispute with Turkey over development of the field.  More »

BP staff may face U.S. criminal charges after spill

U.S. prosecutors are preparing what would be the first criminal charges against BP Plc (BP/) staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.  More »

Chesapeake to sell gas pipelines to affiliate for $865 million

Chesapeake Energy Corp., the most active U.S. oil and natural-gas driller, agreed to sell a pipeline subsidiary to an affiliated partnership for $865 million.  More »

Iran may hurt self most by closing Strait of Hormuz

It would be relatively easy for Iran to make good on its threat to close the strategic waterway that carries oil tankers from the Persian Gulf — and it would probably hurt itself most by taking such action.  More »

BP’s top U.S. officer is called to testify at Gulf oil-spill trial

BP Plc’s highest-ranking U.S. executive, BP America Inc. Chairman and President Lamar McKay, was subpoenaed to testify at the February trial that will determine liability for the 2010 Gulf of Mexico oil spill.  More »

Exxon Mobil deal hikes tension in northern Iraq

An oil exploration deal between U.S. oil giant Exxon Mobil and Iraq’s autonomous Kurdish region is fueling political tensions in a country where a post-U.S.-troop withdrawal spike in violence and political turmoil is clouding the climate for foreign investments sorely needed by Iraq.  More »

Shale spurs U.S. states to vie for chemical projects

A surge in U.S. natural-gas production from shale rock is spurring states to compete for companies to produce chemicals from the fuel, the Wall Street Journal reported.  More »

Official: Gulf states ready to offset Iran oil

Gulf Arab nations are prepared to offset any potential loss of Iranian oil in the world market, a senior Saudi oil official said as Iranian officials stepped up their rhetoric today about shutting off a key supply route.  More »

Solyndra: Examining the allegations

The solar startup based in Fremont shook Silicon Valley and Washington on Aug. 31 when it fired most of its staff and closed the gleaming new factory it had built with a $528 million federal loan.  More »

EPA rules could upset the balance of power

New environmental regulations, coming amid warnings that Texas might not meet its electricity needs next summer, could set up a legal dilemma for regulators, grid operators and generators.  More »

Popemobile goes green

Pope Benedict XVI’s popemobile may be getting an ecological upgrade.  More »

EPA tells nation’s dirty power plants to clean up

The EPA unveiled the first-ever national standards for toxic emissions from power plants, in rules that undoubtedly will affect the electric power picture in Texas.  More »