In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.
A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.
A federal database shows enforcement cases against the companies resulted in collection of $154,000 in penalties, for violations including not doing enough to prevent pipeline corrosion, failing to inspect valves frequently enough and not preventing lines from being over-pressured.
Former U.S. Senator Don Nickles, who runs a Washington lobbying firm, revised a federal disclosure report about work for Exxon Mobil Corp. to say his company was enlisted to monitor legislative activity related to Iran, not to lobby.
Houston-based Willbros opposes a proposal that is gaining momentum to require each of its directors to face annual reelection — instead of the current, staggered three-year terms — amid accusations of mismanagement and cronyism.
Encana Corp. on this morning said it has regained control of an oil well north of Karnes City in the Eagle Ford Shale. Encana lost control of the gas well on Tuesday afternoon and Karnes County officials evacuated homes nearby. The incident happened near the intersection of FM 792 and County Road 343 about four miles […]
Crude oil prices remain about 44 percent lower than in June even after rebounding somewhat from a six-year low in March. The lower prices have led oil-sands producers in Western Canada to reduce spending by billions of dollars and cut thousands of jobs.
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