Tag: crude oil

Medlock: Without oil exports, drilling rigs could flee U.S.

It will take a “train wreck” of falling prices, declining oil production and idle drilling rigs before the United States lifts its longstanding ban on exporting crude, Rice University economist Kenneth Medlock predicted Wednesday.  More »

Continental Resources appoints new president to replace Bott

Jack Stark replaces outgoing W.F. “Rick” Bott, who resigned Sept. 11.  More »

Enbridge to shift $900 million pipeline segment to Houston affiliate

Enbridge Inc. has announced a $900 million deal shifting its 66.7 percent interest in the U.S. segment of the Alberta Clipper Pipeline to its Houston-based affiliate, Enbridge Energy Partners L.P.  More »

Libya halts biggest oilfield amid rebel attacks

The disruption “serves as a reminder that despite recovering export rates and the National Oil Corp.’s reassurances of stable supplies, the country remains in a state of civil war, where anything can happen,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said.  More »

Kurdistan says tanker dispute has no place in U.S. courts

The Kurdistan Regional Government fired back in an ongoing battle over a tanker of crude trapped in legal limbo off Galveston’s coast on Monday, asking a judge to dismiss Iraq’s requests to seize the contested cargo.  More »

Oklahoma oil hub getting bigger with new pipelines

New pipeline projects are expanding the size of an Oklahoma crude oil hub that is already one of the most important oil storage facilities in the world.  More »

More Texans working for oil and gas companies

The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began tracking the numbers in 1995, said its developer, economist Karr Ingham.  More »

Ending oil export ban drawing more talk on Capitol Hill

The head of a Republican energy task force predicts the U.S. House of Representatives will advance legislation next year to relax a decades-old ban on exporting most U.S. crude.  More »

Iraq’s attorneys again ask judge for crude seizure

Iraq’s attorneys once again asked a federal judge to seize 1 million barrels of contested crude, claiming that the tanker floating off the coast of Galveston since late July plans to offload and sell its cargo within the United States. Kurdistan in court has explicitly not confirmed or denied whether it owns the crude, leading […]  More »

NRG may expand carbon capture plans

NRG is installing technology at the W.A. Parish plant to capture carbon dioxide before it is emitted into the atmosphere.  More »

Crude oil rail shipments set record pace

Rail shipments of crude oil rose to 119,634 carloads in the most recent fiscal quarter, an increase of more than 10 percent over the 106,605 shipments in the comparable period last year, according to figures released Thursday by the American Association of Railroads.  More »

Water resources a problem for energy extraction worldwide, report finds

According to the analysis by the World Resources Institute, 38 percent of the earth’s shale gas and tight oil resources are in areas that are either arid or under high levels of water stress already _ a scenario that does not mesh with the high water demands of today’s extraction techniques.  More »
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