This is a tale of two oils. Houston-based Swift Energy pumps crude from its oil fields in Louisana and gets a price that’s within a few dollars of what producers receive in most of the world. As of Thursday, that was about $114 a barrel.
Dow Chemical Co. and Sasol North America Inc. won the dismissal of a lawsuit alleging the chemical companies illegally spied on a unit of Greenpeace International, the environmental advocacy group. More »
China’s State Administration of Work Safety will undertake further inspections into safety practices in the offshore petroleum exploration industry, the agency said in a statement on the government’s website Saturday. More »
Wildfires, fed by a historic drought, have so far spared oil and gas operations in East Texas, Louisiana and Oklahoma, but they’ve had another impact on the energy sector: a drop in natural gas consumption. More »
President Barack Obama unveiled his $447 billion package aimed at jump starting jobs in the U.S., energize his political base and bringing renewed hope to the American people. But what was missing from his speech last night? Hint: it starts with an ‘E.’ More »
The Interior Department will propose a rule setting guidelines for issuing environmental-review waivers for applications to drill for oil and gas on public lands, after a judge tossed out previous Obama administration rules for procedural reasons. More »
Libya may export a crude-oil cargo this month for the first time since March from the country’s west as the holder of Africa’s biggest oil reserves rebuilds production after deposing ruler Muammar Qaddafi. More »
The University of Mississippi and the University of Southern Mississippi will lead one of eight large research teams participating in a $112.5 million project to learn how the Gulf of Mexico has fared since the 2010 BP oil spill. More »
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