Tag: Crude oil

US works to ease Caribbean dependence on Venezuelan oil

A decade-long addiction to oil subsidized by Venezuela may be coming to an end for several Caribbean nations, with a nudge from the United States  More »

OPEC: Oil won’t sink to $20, but rebound will be slow

Oil slumped almost 60 percent since June as OPEC nations continued pumping amid the highest U.S. production in more than three decades.  More »

TransCanada sued again by Nebraska landowners over Keystone path

Dual complaints were filed Friday against the Calgary-based company in state courts in York and O’Neill, Nebraska, by David Domina, the lawyer whose prior effort to halt construction of the 1,179-mile conduit was defeated by a cadre of judges who ruled his clients hadn’t established their legal right to sue.  More »

Beaumont event touts benefits of Keystone XL

Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.  More »

KiOR says Miss. seeks to destroy it in court ploy

Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company.  More »

Jindal appeals ‘Big Oil’ suit to high court

A fight over whether oil companies may be sued over damage to Louisiana’s coastal marshes has been appealed to the state’s high court.  More »

Oil traders seen storing millions of barrels at sea on slump

Companies inquired about booking 10 very large crude carriers for storage in the past several days, Odysseus Valatsas, the chartering manager for Dynacom Tankers Management Ltd. near Athens, said by e-mail today.  More »

Appeals court won’t rehear a BP oil spill liability argument

A federal appeals court has refused to reconsider its 2014 ruling that BP cannot avoid federal penalties for the 2010 Gulf of Mexico oil spill by blaming another company’s failed equipment.  More »

As oil prices fall, Alaska governor halts project spending

With oil prices dropping, Alaska Gov. Bill Walker has halted new spending on six high-profile projects, pending further review.  More »

German utility company E.ON to focus on renewables

E.ON said in a statement late Sunday that the new strategy will see it quit conventional power generation, global energy trading, exploration and production.  More »

A lot’s changed since 1980s, but lower oil prices still cause unease

Oil prices have fallen this year, and that’s causing people in the oil capital to remember a much deeper slump 30 years ago.  More »

Guest Commentary: Anticipating the risks of oil and gas trucking

More shippers are exploring trucking as a way to move their products to diverse markets, but risk of spills are high.  More »

UTSA, Southwest Research find a new way to clean frack water

The University of Texas at San Antonio and the Southwest Research Institute say they have found an inexpensive way to treat the water that flows back to the surface after hydraulic fracturing. A team of researchers used a plant matter called biochar to remove impurities from the flowback water.  More »

OPEC cuts demand outlook by most in three years on shale

The change implies that OPEC’s 12 members would need to cut output by about 1.1 million barrels a day from the 30.3 million they produced in August.  More »

Rigs in U.S. rose by 11 to 1,925, Baker Hughes says

The total energy rig count has almost doubled from five years ago as producers use horizontal drilling and hydraulic fracturing to draw record volumes of oil and gas out of shale formations from North Dakota to Texas.  More »
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