Tommy Beaudreau, the Obama administration official who oversees offshore oil leasing and helped shake up federal agencies after the Deepwater Horizon disaster, is now joining Interior Secretary Sally Jewell’s inner circle. More »
Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill. More »
Forty-two oil and gas companies will make plays for new Gulf of Mexico territory on Wednesday, in a closely watched, high-stakes auction of U.S. drilling rights that is viewed as a test of the industry’s appetite for offshore projects despite a drilling boom that is unfolding mostly on land. More »
More than a dozen environmental groups on Tuesday called on President Barack Obama to reject his previous support for natural gas and the drilling practices yielding the fossil fuel. The organizations also insisted that the administration’s handling of a proposed natural gas export facility on the Maryland coast is a test of the White House’s commitment to combating climate change. More »
The chief executive of Russian oil giant Rosneft and a close ally of President Vladimir Putin has spoken defiantly of possible sanctions by Western powers against him, threatening to move business elsewhere. More »
Companies will need to invest $641 billion over the next two decades in pipelines, pumps and other infrastructure to keep up with the gas, crude oil and natural gas liquids flowing from U.S. fields, according to a study released Tuesday. More »
The new Ukrainian government soon will need its poor to pay even more for power and gas as it wrestles with protracted economic and political crisis. More »
The group’s founding members are all independent refiners: Dallas-based Alon USA Energy Inc.; Parsipanny, N.J.,-based PBF Energy, Delta Air Lines subsidiary Monroe Energy, based in Trainer, Pa.; and Philadelphia Energy Services.
A near half-decade boom in oil investments in Norway is about to come to an end, sapping momentum in the economy of western Europe’s largest crude producer, the country’s main economic forecaster said. More »
BP inked a deal with the Obama administration on Thursday ending its 16-month suspension from new contracts to supply the Pentagon with fuel and drill in U.S. waters.
The Obama administration will release 5 million barrels of sour crude from the United States’ emergency stockpile in what officials described as a “test” of the nation’s capability to respond to oil supply disruptions around the globe. More »
A plan to accelerate U.S. natural gas exports in response to Russia’s invasion of Crimea failed in the Senate on Wednesday, amid criticism that it could derail a Ukraine aid package.