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Activists Protest Two Arctic Drilling Rigs

May 27, 2014 10:58 am | by Nikita Ernst, Associate Editor | News | Comments

Greenpeace says activists have boarded two offshore drilling rigs in a protest against oil and gas exploration in Arctic waters.                                            

Concerns Abound Over Increased West Coast Oil Trains

May 27, 2014 10:53 am | by GOSIA WOZNIACKA, Associated Press | News | Comments

Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long.      

Gulf LNG Begins Pre-Filing Review With FERC

May 23, 2014 10:24 am | by Associated Press | News | Comments

Gulf LNG Liquefaction Co. is compiling data to support an application to the Federal Energy Regulatory Commission to add liquefaction and export capabilities to its $1 billion liquefied natural gas storage terminal in Pascagoula.

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Oklahoma House Approves Drilling Tax Incentive

May 22, 2014 5:06 pm | by Associated Press | News | Comments

The Oklahoma House has approved a bill to adjust and make permanent a generous tax incentive for oil and gas production in the state.                                   

North Carolina Approves Granting Fracking Permits For 2015

May 22, 2014 10:44 am | by GARY D. ROBERTSON, Associated Press | News | Comments

The state Senate tentatively agreed Wednesday to push to the finish line prep work for natural gas exploration in North Carolina using hydraulic fracturing — better known as fracking — so that the first permits for drilling could be issued starting next summer.

Cyprus As A New Global Gas Hub

May 22, 2014 10:41 am | by Associated Press | News | Comments

U.S. Vice President Joe Biden says Cyprus's newly found offshore natural gas reserves can transform the eastern Mediterranean into a "global hub" for the fossil fuel.                      

Algeria Authorizes Shale Exploitation

May 22, 2014 10:34 am | by Associated Press | News | Comments

Algeria's Cabinet has announced it will move forward with the exploitation of the country's large shale gas reserves.                                          

North Dakota Restricts Gas Flaring

May 22, 2014 10:23 am | by JOSH WOOD, Associated Press | News | Comments

Gov. Jack Dalrymple told a huge oil industry conference Wednesday that North Dakota would no longer allow flaring of natural gas from oil wells in the Bakken region for longer than one year.                       

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Marathon Petroleum Acquires Hess Stations For $2.87B

May 22, 2014 10:20 am | by Associated Press | News | Comments

Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.                    

Future Of Crude By Rail Depends On Safety

May 22, 2014 10:18 am | by JAMES MacPHERSON, Associated Press | News | Comments

The future of crude oil shipments by train depends on proving to the public that it can be done safely, the head of BNSF Railway Co. said Wednesday.                           

U.S. Firms Give $2B Oil Loan To Venezuela

May 22, 2014 10:14 am | by Associated Press | News | Comments

Venezuela's state oil company PDVSA has secured a $2 billion credit line from several energy service companies, including U.S.-based Halliburton and Schlumberger.                                 

China Signs 30 Year Deal For Russian Gas

May 21, 2014 10:52 am | by LOUISE WATT, VLADIMIR ISACHENKOV, Associated Press | News | Comments

China signed a landmark deal to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.                       

North Carolina Fast Tracks Fracking Legislation

May 21, 2014 10:50 am | by MICHAEL BIESECKER, Associated Press | News | Comments

A bill that would make it a crime to publicly disclose the secret chemical mixtures that energy companies pump into the ground when fracking for natural gas is headed for a vote before the North Carolina Senate.            

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e crude oil that exploded during a fatal derailment in Quebec last year that killed 47 people had characteristics similar to that of unleaded gasoline, a highly flammable liquid, Canada's transportation safety agency said Thursday.

Industry Pushes Back Against Bakken Oil's Bad Reputation

May 21, 2014 10:34 am | by JAMES MacPHERSON, MATTHEW BROWN, Associated Press | News | Comments

The U.S. oil industry pushed back against tougher rules for rail cars carrying crude following a string of fiery accidents, asserting in a new report that oil from the Northern Plains is no more dangerous than some other cargoes.      

Opponents Knock New York-New Jersey Pipeline Plans

May 21, 2014 10:17 am | by MARY ESCH, Associated Press | News | Comments

Environmental groups and a northern New Jersey homeowners' coalition raised objections to a planned billion-dollar pipeline that would carry North Dakota crude oil from a train terminal at the Port of Albany to coastal refineries and return gasoline, diesel, heating oil and other petroleum products to upstate New York.

Shale Boom Supports 450,000 Jobs

May 21, 2014 10:12 am | by Energy Equipment and Infrastructure Alliance | News | Comments

America’s shale energy revolution is creating and sustaining hundreds of thousands of jobs in diverse sectors of the economy that supply construction, equipment, supplies and services to shale energy operations, and making the U.S. manufacturing sector more competitive. 

BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

Appeals Court Refuses To Reconsider BP Settlement

May 20, 2014 10:21 am | by KEVIN McGILL, Associated Press | News | Comments

A federal appeals court has refused to reconsider its previous ruling that businesses don't have to prove they were directly harmed by BP's 2010 Gulf Of Mexico oil spill to collect settlement payments.                  

New Hampshire Raises The Gas Tax

May 20, 2014 10:14 am | by Associated Press | News | Comments

New Hampshire Gov. Maggie Hassan is planning to sign a bill that raises the tax on gasoline and diesel by 4 cents per gallon, the first increase since 1991.                            

EPA Proposes Changes To Refinery Emission Rules

May 19, 2014 10:55 am | by EMILY SCHMALL, Associated Press | News | Comments

The changes would compel operators to monitor benzene emissions along their fence lines, upgrade storage tank emission controls, ensure waste gases are properly destroyed and adopt new emission standards for delayed coking units. Operators would also have to make the results of monitoring publicly available. 

Feds Review Plans For 5,000 New Wyoming Wells

May 19, 2014 10:48 am | by Associated Press | News | Comments

Federal land managers have begun evaluating a proposal to expand an east-central Wyoming oil and gas field with up to 5,000 new wells, asking for public comment on the project.                          

China & Russia On The Verge Of A Gas Deal

May 16, 2014 11:01 am | by LOUISE WATT, Associated Press | News | Comments

China plans to sign a multibillion-dollar deal to buy Russian gas during a visit by President Vladimir Putin next week despite U.S. pressure to avoid undermining sanctions on Moscow over the Ukraine crisis.                          

Canada Declares Pipeline Companies Liable For Any Spill Costs

May 15, 2014 10:18 am | by Associated Press | News | Comments

The Canadian government says pipeline companies will be liable for all costs and damages from a spill, regardless of fault or negligence under a new law.                          

10,000 Gallons Of Oil Coat Los Angeles

May 15, 2014 9:59 am | by Associated Press | News | Comments

Crews sopped up the remains of about 10,000 gallons of crude oil that sprayed into Los Angeles streets and onto buildings early Thursday after a high-pressure pipe burst.                            

Oil and gas company Anadarko Petroleum Corp. is selling its Chinese subsidiary for about $1.08 billion as it focuses more in the U.S. and Mexico.

Anadarko Petroleum Dividends Up 50%

May 14, 2014 9:53 am | by Associated Press | News | Comments

The oil exploration and production company said its board approved a quarterly dividend of 27 cents per share, up from 18 cents per share.                                      

ND Posts 977K Barrels Of Oil Daily In March

May 14, 2014 9:51 am | by Associated Press | News | Comments

The Department of Mineral Resources says the record March production was up from an average of about 952,000 barrels daily in February.                                   

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