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drill rig

Rig rout puts smaller drillers in front as oil majors scale back

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Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.

Rig rout puts smaller drillers in front as oil majors scale back

on
drill rig
Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
Pemex Refinery in the Hidalgo State in Mexico

Pair of companies to build 700,000-barrel crude oil storage near Houston

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The two companies said they will build about 700,000 barrels of new crude oil storage and a pipeline near Seabrook, Texas, about 30 miles southeast of Houston.

Demonstrators hold hands while surrounding the White House during a Keystone XL tar sands oil pipeline protest in Washington, D.C. (Andrew Harrer/Bloomberg)

Keystone’s billionaire foe urges review of ‘defective’ analysis

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Billionaire Tom Steyer, a Democratic Party donor and Keystone XL foe, called on U.S. Secretary of State John Kerry to begin a review of the “defective” environmental analysis on the pipeline released last week.
Categories: Keystone XL
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Lawmakers stress urgency as feds finish new sulfur rules for gasoline

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As the Obama administration prepares to mandate new limits on sulfur pollution from gasoline, congressional Democrats made a last-minute appeal for quick action.

Image: Fotolia

Jury convicts anti-Enbridge pipeline protesters

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Three women sit in the Ingham County jail awaiting sentencing next month for trespassing and obstructing police at the site of an Enbridge Inc. oil pipeline project.
Categories: Legal issues, Pipelines
(Image: Fotolia)

Foundations launch campaign to divest from fossil fuels

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A coalition of 17 foundations, representing almost $1.8 billion in investment, plans to divest from fossil fuel companies in its portfolios and invest more in clean energy, leaders of the effort said Jan. 30.
Categories: Finance/Earnings
(AP Photo/The Tyler Morning Telegraph, Sarah A. Miller)

What’s in State’s Keystone XL oil pipeline report

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Here are the most important details in the State Department’s 11-volume report on the Keystone XL pipeline released Friday, the fifth environmental review released on the project since 2010.
(Image: Fotolia)

Pipeline trial kicks off as if nasty divorce case

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The billion-dollar legal battle among three oil and gas giants – Energy Transfer Partners, Enterprise Products and Enbridge – that went to trial last week sounds like a bitter divorce case, complete with accusations of a lovers’ triangle.
American Petroleum Institute chief economist John Felmy. (Mayra Beltran / Houston Chronicle)

Q&A: Arguing the case for oil exports

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The idea to the lift the ban has drawn both interest and resistance in Congress, but midterm election politics may sour the congressional appetite to change the law this year. In a recent interview with FuelFix, Felmy argued the industry’s case for dismantling the ban.
Categories: Crude oil, Markets