Kinder Morgan (KMI) Inc. may reap more than $900 million if it has to sell natural-gas pipelines in the Rocky Mountains to secure federal approval of its $21 billion acquisition of El Paso Corp. (EP), scheduled to close in the second quarter. More »
Canadian prime minister Stephen Harper says he told Barack Obama he was profoundly disappointed after the U.S. president called to tell him the administration rejected a plan to build an oil pipeline from Canada to Texas. More »
The Obama administration on Wednesday refused to authorize the Keystone XL oil pipeline, saying a congressionally imposed deadline left too little time to evaluate routes that would avoid an aquifer in Nebraska. More »
ConocoPhillips CEO James Mulva calls for an overhaul of government policies toward domestic oil and gas production, including greater access to federal land to drilling, in a speech at Rice University’s Baker Institute. More »
Consumption of renewable-energy sources will grow more quickly by 2030 than it will for any other energy source, while oil will grow slowly enough to lose market share, according to a new report by BP. More »
Energy companies exploring North Dakota’s Bakken shale formation for oil need more field crews amid a labor shortage that left hundreds of wells awaiting hydraulic fracturing, a state official said. More »
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