A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude. More »
The U.S. Coast Guard on Sunday cleared an oil tanker carrying Kurdish crude to offload its cargo, potentially paving the way for an import that could complicate U.S. relations with Iraq which has threatened to sue any buyers. More »
The forecast was lowered to 2.41 million barrels of oil a day from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production. More »
The leading Capitol Hill advocate for exporting U.S. crude said she is encouraged by the Obama administration’s focus on the issue, following a meeting with Commerce Secretary Penny Pritzker.
Sen. Lisa Murkowski, R-Alaska, said she left the private session confident that “there are ongoing discussions within the (Commerce) department on this issue.” More »
Shell and other offshore players to move a growing number of jobs historically performed at sea onto land. More »
Billions of dollars are riding on how oil train safety rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration. More »
Mexico is opening up its vast oil and gas reserves to foreign investment, and questions abound about security and regulation. More »
Global oil demand will rise at the fastest pace in five years in 2015 as China leads gains in emerging economies, the International Energy Agency said. More »
Oil, gas and other critical infrastructure companies are ill prepared to thwart cyber threats, even though more than two thirds have had at least one significant security compromise in the past year, according to a report released Thursday. More »
Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a generous bump in oil and gas-industry pay, according to PayScale. More »
More than a year after a compromise paved the way for high-volume oil and gas extraction in Illinois, the agency in charge of overseeing the practice has hired just four of 53 new employees it says it needs as it continues working to complete rules drillers must follow. More »
Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.