In June, GE tested this prototype 20,000 psi ram blowout preventer at its Houston Technology Center. The 20ksi program also includes new wellheads, connectors, control systems, and riser systems. (GE Oil & Gas)

Feds unveil plan for keeping offshore oil wells in check five years after Gulf spill

The measure codifies many of the steps that companies have already taken to better keep offshore wells in check, including more rigorous maintenance and testing of the blowout preventers that act as a last line of defense against uncontrolled surges of oil and gas.
(Tomohiro Ohsumi/Bloomberg)

Lake Charles LNG gets early environmental approval

The finding is a sign that the Lake Charles project may clear the environmental hurdle when FERC commissioners make a final decision on the project in November.
Greenpeace activists approach the Blue Marlin before climbing aboard the heavy-lift vessel and camping out on the Polar Pioneer drilling rig. Shell has contracted the Polar Pioneer for a new round of Arctic drilling in the Chukchi Sea later this year. (Photo: Greenpeace)

Shell wins restraining order against Greenpeace

WASHINGTON — Hours after stormy weather forced Greenpeace activists to climb off an Arctic drilling rig in the middle of the Pacific Ocean, Shell won a temporary restraining order blocking the group from similar protests. The ruling, by U.S. District Judge Sharon Gleason, bars Greenpeace and its activists from boarding, barricading or interfering with the […]
(Photo by Joe Raedle/Getty Images)

EPA to set overdue biofuel quotas in deal with oil industry groups

The EPA will finalize biofuel quotas for 2014, 2015 and 2016 later this year, in an agreement settling an oil industry lawsuit.
(AP Photo/Diamond Offshore)

Houston oil company among five caught in legal battle over new U.K.-Argentina Falkland Islands fight

Argentina filed criminal charges Thursday at the general prosecutor’s office in Buenos Aires against five U.K. and U.S. oil companies.
(Photo by Justin Sullivan/Getty Images)

Energy Department to spend $200 million on new supercomputer

The goal is to build a supercomputer that will help the U.S. compete internationally with other next-generation computing efforts and ensure the United States’ economic and national security, agency officials said.
(Michael Stravato/The New York Times)

Texas leads nation in exports, thanks to petrochemicals and gasoline

About a fifth of Texas’ $289 billion in exported goods last year were petroleum and coal products — about $59.1 billion worth — according to a new government report.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

Iran’s supreme leader refrains from endorsing nuclear deal

In his first public comments addressing the April 2 pact was outlined in Lausanne, Switzerland, Khamenei said on Thursday he was “neither for it, nor against it,” according to a report by the official Islamic Republic News Agency.
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Mexico’s energy regulators are hopeful the crude crash won’t spoil their first oil-rights auction

Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years.
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

North Dakota’s state fund currently sets aside 75 percent of some oil tax revenues for the state and 25 percent for local governments.