Tag: energy

Retail gasoline prices up penny in Texas

Retail gasoline prices have gone up a penny this week across Texas.  More »

Nobel Prize winners write Obama opposing TransCanada’s pipeline

Archbishop Desmond Tutu, the Dalai Lama and six other Nobel Peace Prize winners urged fellow laureate, President Barack Obama, to reject TransCanada Corp.’s proposed $7 billion pipeline across six U.S. states.  More »

Consol sells Utica Shale rights in Ohio to Hess Corp. for $593M

Consol Energy Inc. says it’s sold Utica Shale gas exploration and development rights in Ohio to Hess Corp. for $593 million.  More »

NY regulators: Marcellus could generate 55K jobs

Natural gas production in New York’s part of the Marcellus Shale could bring up to 24,795 full time drilling-related jobs and more than 29,000 jobs in other parts of the economy, according to an environmental and economic impact study released today by the Department of Environmental Conservation.  More »

Mad Dog and Englishmen

BP has doubled the estimated reserves for its Mad Dog field in the Gulf of Mexico, after an appraisal well in an untested part of the field revealed even more oil than the British oil giant previously estimated.  BP now estimates Mad Dog may hold as much as 4 billion barrels of oil equivalent. That, [...]  More »

GOP pipeline bill would block safety reforms

House Republicans are proposing pipeline legislation that safety advocates say would block or undermine needed reforms after several accidents over the past year.  More »

A tale of two oils

In my column last week about the Keystone XL Pipeline, I discussed how the price spread between West Texas Intermediate and Brent crude indicated the need for more pipeline capacity between the Midwest and the Gulf Coast. At the moment, Brent — which is basically the global price for oil — is about $113 a [...]  More »

China’s Cabinet orders ConocoPhillips spill probe

China’s top leaders have ordered an investigation into oil spills in China’s Bohai Bay that have drawn intense criticism from marine authorities and environmentalists, adding to pressures on oil field operator ConocoPhillips.  More »

Ohio opponents to seek moratorium on gas drilling

Ohio is the latest state where opponents are pushing a ban on a form of drilling that injects chemicals into shale to release natural gas.  More »

Marcellus Shale conference to open in Philly

Energy executives and elected officials are gathering in Philadelphia this week for a major conference on natural gas drilling.  More »

Oil industry ties jobs to expanded drilling

The U.S. can add 1 million jobs by 2018 and collect an additional $36 billion in tax and royalty revenue over the next four years if it dramatically expands oil and gas production in coastal waters where drilling is banned now, according to a study to be released today.  More »

Halliburton to buy Multi-Chem

Halliburton Co. said today it plans to buy a private oil field services company that specializes in oil field production and completion chemicals.  More »