In this May 21, 2015 file photo, workers prepare an oil containment boom at Refugio State Beach, north of Goleta, Calif..(AP Photo/Jae C. Hong, File)

Pipeline firm said California oil spill ‘extremely unlikely’

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Nearly 1,200 pages of records, filed with state regulators by Plains All American Pipeline, detail a range of defenses the company established to guard against crude oil spills and, at the same time, prepare for the worst should a spill occur.
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Demonstrators walk toward the Capitol during a rally to protest Minnesota's proposed Sandpiper pipeline, Saturday, June 6, 2015, in St. Paul, Minn. The protestors are calling for the cancellation of the proposed Sandpiper oil pipeline that would travel near some of the state’s pristine waters. (Jim Gehrz/Star Tribune via AP)

Hundreds gather for St. Paul protest against pipeline

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The rally in St. Paul came one day after Minnesota regulators endorsed the $2.6 billion Sandpiper pipeline that would carry crude oil from North Dakota’s Bakken oil fields to Superior, Wisconsin, according to the Star Tribune.
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In this Saturday, May 23, 2015 photo released by the U.S. Coast Guard, two cleanup crew members work to remove oil from the sand along a portion of soiled coastline. (Chief Petty Officer David Mosley/U.S. Coast Guard via AP)

Exxon seeks to use trucks to haul oil after pipeline break

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Exxon Mobil normally moves crude from three offshore platforms through more than 10 miles of pipeline owned by Plains All American Pipeline. The flow has stopped since the pipe ruptured on May 19.
(Photo by Andrew Burton/Getty Images)

Judge merge suits from a trio of states contesting new federal drilling rules

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That lawsuit filed by the Independent Petroleum Association of America and Western Energy Alliance against Interior Secretary Sally Jewell and others is now the lead case. The state of Wyoming along with Colorado and North Dakota filed the other lawsuit.
In a Nov. 28, 2012 file photo, David  Rainey, center, a former BP vice president during the Deepwater Horizon oil rig explosion, leaves Federal Court in New Orleans. Rainey was acquitted of one charge of lying to federal investigators on June 5, 2015. (AP Photo/Matthew Hinton, File)

Ex-BP executive Rainey found not guilty of making false statement

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A federal jury has found a former BP executive not guilty of making false statements to investigators in connection with the 2010 Gulf of Mexico oil spill.
(Alexander Klein/AFP/GettyImages)

OPEC to maintain current oil output

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The Organization of Petroleum Exporting Countries set its Saudi-conceived strategy of defending market share rather than prices in November. Since then, it has pumped ever more crude into global markets.
(ALEXANDER KLEIN/AFP/Getty Images

OPEC oil production hits ceiling amid Saudi push, analysts say

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OPEC seems to have reached technical problems pushing its oil production beyond what appears to be a natural ceiling, as its crude exports fell an average 850,000 barrels in May despite a surge of Saudi oil.
Colombian OIL drillers on a Cupiaga rig in the eastern foothills of Colombia.  HOUCHRON CAPTION (10/16/1999):  Oil workers 
lay pipe on a rig in the Cupiagua oil field in the eastern foothills of Colombia. The South American nation is hoping to rekindle the interest of U.S. oil companies in investing there.

Thieves get early access to Colombia’s offshore oil data

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The incident comes as state-controlled Ecopetrol SA shifts its exploration focus to fields off the Caribbean coast following onshore drilling failures that have contributed to stagnating output after several years of growth. Ecopetrol’s strategy will be to partner with offshore experts, Vice President Max Torres said in a May 26 conference call.
(Spencer Platt/Getty Images)

Federal Reserve says oil service costs down 30 percent

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Contacts in the U.S. petroleum business told the Fed the cost of drilling and bringing wells into production have dropped 20 to 30 percent since the beginning of the year, according to the Fed’s June Beige Book, a monthly assessment of economic activity in 12 regional districts across the United States.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

Shale is ‘here to stay’ Conoco chief tells OPEC

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In June 2012, when Lance spoke at the last biennial seminar held by the Organization of Petroleum Exporting Countries, the U.S. was pumping 6.2 million barrels a day. Now, it produces 9.5 million barrels at day, the highest since 1972.