W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
The Keystone XL southern leg has delivered its first barrels of Canadian oil to the Texas coast, even though the project still lacks its planned northern leg into Canada, TransCanada’s CEO said in an interview.
Sen. Barbara Boxer on Wednesday sought to shift the heated debate over Keystone XL from climate change to the public health effects of processing the oil sands it would transport from Canada to Gulf Coast refineries.
Colorado Gov. John Hickenlooper is touting the state’s new air pollution curbs on the oil and gas industry — but he insists that local efforts to curb drilling run afoul of constitutional property rights.
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