Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

Oil prices hold steady as crude inventories trend down

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Crude oil prices swung briefly in both directions before returning to about even early Wednesday, after the latest weekly inventory showed refiners continuing to chip away at the massive amount of crude in storage.
(Eddie Seal/Bloomberg)

Freeport-McMoRan’s offshore drilling firm going public

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Houston-based Freeport-McMoRan Oil & Gas Inc. could be the first U.S. oil producer to launch an initial public offering this year, a sign that investors are figuring out what values to put on private oil and gas companies amid relatively steady $60 crude.
Texas will deploy additional sensors to study a rash of earthquakes shaking the state as researchers try to determine whether the tremors are linked to the underground disposal of oilfield waste.
(martinluff/Flickr)

As quake debate intensifies, Texas funds additional research

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Texas will deploy additional sensors to study a rash of earthquakes shaking the state as researchers try to determine whether the tremors are linked to the underground disposal of oilfield waste.
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

Exxon Mobil halts production following California pipeline spill

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Exxon Mobil said Tuesday it had ceased production at three offshore platforms that were isolated by the rupture and subsequent shutdown of a Santa Barbara pipeline.
(Photo: Aine D/Flickr)

Home efficiency upgrades don’t pay, study says

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Energy efficiency experts who were shown the study say the authors’ broad conclusions about energy efficiency in general aren’t justified after a study of a single program in a single state focused only on low-income households.
(AP Photo/Matthew Brown)

Oil industry launches 2016 campaign

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The American Petroleum Institute launched its “Vote 4 Energy” with a pledge to stay above the partisan fray while ensuring that energy policy is part of the political discussion leading up to the November 2016 elections.
A man takes in pictures the A. P. Moller-Maersk Group Eugen Maersk ship, the world?s largest 397 m long container vessel, on February 20, 2008 in the French harbor of Le Havre, western France. AFP PHOTO ROBERT FRANCOIS (Photo credit should read ROBERT FRANCOIS/AFP/Getty Images)

La Porte dockworkers may keep jobs after terminal shutdown

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APM Terminals is shuttering its La Porte operations, but handing over the container and cargo-handling operations over to the Port of Houston Authority at the Barbours Cut terminal facility.
API President and CEO Jack Gerard at CERAWeek in March 2014 (Photographer: F. Carter Smith/Bloomberg)

Oil export boosters have votes to prevail on Capitol Hill, industry leader boasts

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American Petroleum Institute President Jack Gerard said there are enough votes in the House and Senate to overturn the United States’ longstanding ban on crude exports. But a former Navy commander urged caution.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

EIA: Oil layoffs aren’t finished yet

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The U.S. petroleum industry lost about 6.5 percent of its jobs from October to April, or about 35,000 of its 538,000 workers, the Energy Information Administration said Tuesday.
Liquefied natural gas export terminals including Cheniere Energy's $18 billion Sabine Pass facility nearing completion  in Cameron Parish, Louisiana,  should boost demand for U.S. natural gas. (Cheniere Energy photo)(Cheniere Energy)

Cheniere clears hurdle to expand Sabine Pass LNG terminal

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Cheniere Energy cleared a regulatory hurdle to expand its Sabine Pass liquefied natural gas export terminal after federal regulators Tuesday dismissed an environmental group’s concerns about the project.
Categories: LNG