A series of House committee wrapped up their work on legislation that would reauthorize surface-transportation programs for five years at current spending levels, as well as expand oil-and-gas drilling and use the royalties to cover some of the costs. More »
National Oilwell Varco (NOV) indicated that it is in acquisition mode at its annual earnings call, and this morning it made good on the claim, announcing plans to acquire NKT Flexibles for $670 million. More »
Top Democrats on Friday renewed their attacks on a Republican bill that would fast-track the approval of the Keystone XL oil pipeline, raising concerns that two U.S. agencies would lose oversight over the pipeline if the legislation were to become law. More »
House Democrats on Friday introduced legislation that would require oil from the Keystone XL pipeline to remain in the U.S. if it’s ever built, amid their concerns Gulf Coast refineries would export some crude after processing it. More »
The Sierra Club took more than $26 million from Chesapeake Energy over three years while promoting natural gas as a cleaner, more efficient alternative to coal, the group’s executive director admitted. More »
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