A bipartisan group of lawmakers including three Texans introduced legislation today that seeks to fix what they view as a legally thorny conflict between environmental and electric reliability laws.
A flare is still burning on the North Sea offshore platform that has been leaking gas for days, operator Total S.A. said Wednesday, though it claimed there was no threat of an explosion under current weather conditions. More »
The Obama administration’s announcement that it may allow seismic studies potentially paving the way for offshore drilling along the East Coast is political posturing designed to distract voters concerned about high gasoline prices, oil industry leaders and Republican lawmakers said today. More »
Federal officials have approved Shell Oil Co.’s emergency plans for dealing with an oil spill in the Beaufort Sea near Alaska — a major hurdle for the firm to launch exploratory drilling later this year. More »
Obama administration officials ripped into GOP proposals to tie Strategic Petroleum Reserve releases to increases in federal oil and gas land leases and require additional analyses of the economic impacts of several oil- and gasoline-related environmental regulations. More »
As CPS Energy’s board cracks down on entertainment expenses, a policy-review committee is scouring a range of policies, including changes to the utility’s rules on reimbursement for meals, travel and entertainment. More »
A federal appeals court scolded the U.S. Environmental Protection Agency on Tuesday for rejecting a series of state pollution control projects in Texas that federal regulators said failed to satisfy requirements of the Clean Air Act. More »
The halt of Total SA (FP)’s Elgin platform in the North Sea after a gas leak may deny the Brent crude market the relief that was set to come with resurgent Libyan oil exports, according to BNP Paribas SA. More »
Newfield Exploration Co. (NFX), which received about 70 percent of its output from natural gas in 2010, isn’t drilling for dry gas for the first time in its 24- year history, Chief Executive Officer Lee Boothby said. More »
The Obama administration will announce Wednesday that it is advancing a plan to allow new seismic research designed to help identify hidden pockets of oil and gas in Atlantic waters along the East Coast. The move by the Interior Department is the beginning of a long path that could ultimately lead to new offshore drilling along the mid- and south- Atlantic. More »
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