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Bulgaria Halts Work On Gas Pipeline

June 9, 2014 11:06 am | by Associated Press | News | Comments

Bulgaria's prime minister has ordered a halt to construction work on the Gazprom-led South Stream pipeline project planned to bypass Ukraine as a transit country and consolidating Russia's energy grip in Europe.              

Millennial Energy Partners, LLC Closes Upstream Oil And Gas Fund

June 9, 2014 11:01 am | by Associated Press | News | Comments

Millennial Energy Partners, LLC announced that it has closed Millennial PDP Fund V, LP through a private placement conducted under Regulation D. Millennial has organized Fund V primarily to acquire non-operated oil and gas working interests in various basins throughout the United States.

Chevron's Pascagoula Oil Facility Complete

June 9, 2014 10:40 am | by Associated Press | News | Comments

Chevron Corp.'s Pascagoula Refinery says construction on a new $1.4 billion base oil facility is complete and expects to reach full production capability by midsummer.                                           

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Is Aerogel Technology The Key To Oil Spill Cleanup?

June 6, 2014 12:05 pm | by Wisconsin Institute For Discovery | Videos | Comments

Cleaning up oil spills and metal contaminates in a low-impact, sustainable and inexpensive manner remains a challenge for companies and governments globally. But a group of researchers at UW–Madison are examining alternative materials that can be modified to absorb oil and chemicals. If further developed, the technology may offer a cheaper and “greener” method to absorb oil and heavy metals from water and other surfaces.

States Refuse To Keep Oil Train Info Secret From The Public

June 6, 2014 10:16 am | by MATTHEW BROWN, Associated Press | News | Comments

U.S. railroads forced to turn over details of their volatile crude oil shipments are asking states to sign agreements not to disclose the information. But some states are refusing, saying that the information shouldn't be kept from the public.

Safety Board Faults Key Device In BP Oil Spill

June 6, 2014 10:09 am | by Seth Borenstein, AP Science Writer | News | Comments

The investigation into the 2010 BP oil spill concluded that a last-ditch safety device on the underwater well had multiple failures, wasn't tested properly and still poses a risk for many rigs drilling today.                           

Fracking Chemicals Under Review In Virginia

June 5, 2014 10:16 am | by STEVE SZKOTAK, Associated Press | News | Comments

The advisory panel grappled with the question of how much energy companies should be required to disclose about the chemicals they inject at high pressure into shale and rock formations to dislodge gas and oil. Chemical disclosure varies widely from state to state.

PG&E Expects New Indictment After Explosion

June 5, 2014 10:12 am | by CHANNING JOSEPH, Associated Press | News | Comments

Pacific Gas & Electric Co. expects to be hit with a new federal indictment next month over a deadly pipeline explosion that leveled a suburban California neighborhood in 2010, a regulatory filing says.                

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Minnesota Oil Spill Still Aids In Research

June 5, 2014 10:10 am | by Associated Press | News | Comments

The site of one of the largest crude oil pipeline spills in Minnesota is still producing significant discoveries for researchers three decades later.                                     

BP Must Pay Clean Water Act Fines

June 5, 2014 10:07 am | by JANET McCONNAUGHEY, Associated Press | News | Comments

The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company's failed equipment, a federal appeals court ruled Wednesday.                        

Carbon Rule Triggers Fracking Debate

June 4, 2014 10:25 am | by JIM SUHR, Associated Press | News | Comments

The newly released federal plan to limit carbon dioxide emissions from coal-fired power plants triggered a new line of debate Tuesday over whether fracking in coal-rich southern Illinois may be part of the answer.                         

New York Considers Local Gas Drilling Bans

June 4, 2014 10:23 am | by MARY ESCH, Associated Press | News | Comments

New York's highest court is expected to decide by the Fourth of July whether municipalities can use local zoning laws to ban shale gas development using hydraulic fracturing within their borders.                            

Scientists Find Breakthrough In Carbon-Capture

June 4, 2014 9:52 am | by Rice University | News | Comments

A porous material invented by the Rice lab of chemist James Tour sequesters carbon dioxide, a greenhouse gas, at ambient temperature with pressure provided by the wellhead and lets it go once the pressure is released. The material shows promise to replace more costly and energy-intensive processes.

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North Dakota Drillers Make Natural Gas Capturing Plans

June 3, 2014 10:34 am | by JAMES MacPHERSON, Associated Press | News | Comments

North Dakota oil companies must submit a gas capturing plan with their drilling permits beginning this month in an attempt to cut down the amount of natural gas that is burned off and wasted as a byproduct of oil production.              

Kentucky Will Not Seek Money From Oil Company Scam

June 2, 2014 11:26 am | by BRETT BARROUQUERE, Associated Press | News | Comments

Kentucky is not seeking to collect a $20 million judgment the state won in court from a now-bankrupt oil company found to have bilked its customers in a drilling scam.                           

Marathon Oil Selling Norway Business For $2.7B

June 2, 2014 11:15 am | by Associated Press | News | Comments

Marathon Oil is selling its Norwegian business to Det Norske Oljeselskap ASA in a deal valued at about $2.7 billion as it streamlines operations and hones its focus on the U.S.                            

North Carolina House Gives Initial Fracking Approval

May 29, 2014 10:33 am | by MICHAEL BIESECKER, Associated Press | News | Comments

North Carolina lawmakers have given preliminary approval to a measure that would allow fracking for natural gas to begin in the state next year.                                                  

Exxon: Sanctions Not Hurting Operations In Russia

May 29, 2014 10:17 am | by DAVID KOENIG, AP Business Writer | News | Comments

U.S. sanctions over Russia's annexation of Crimea have targeted close associates of Russian President Vladimir Putin, including the president of Russia's largest oil company, Rosneft, but not the company itself. Exxon has an exploration and production agreement with Rosneft in the Russian arctic and Siberia.

Texas: Contaminated Water Not Linked To Drilling

May 29, 2014 10:13 am | by RAMIT PLUSHNICK-MASTI, EMILY SCHMALL, Associated Press | News | Comments

The amount of explosive gas tainting a North Texas neighborhood's water supply has increased in recent years, but the state's oil and gas regulator says it can't link the methane to drilling activity nearby, according to a report it released yesterday.

4 Injured, 1 Missing After Oil Tanker Explosion

May 29, 2014 10:12 am | by Associated Press | News | Comments

A Japanese oil tanker exploded off the country's southwest coast near Himeji port, leaving one of the eight people aboard missing, the coast guard said. Four others were severely injured.                              

U.S. Petroleum Product Exports To Mexico Rise

May 28, 2014 10:44 am | by U.S. Energy Information Administration | News | Comments

In 2013, the United States exported 527,000 bbl/d of petroleum products to Mexico, including motor gasoline, distillate fuel oil, and liquefied petroleum gases.                                      

KBR Wins Maersk Oil FEED Contract

May 28, 2014 10:33 am | by ERIC TUCKER, Associated Press | News | Comments

KBR has announced that it has been awarded a contract by Maersk Oil for topsides front end engineering and design (FEED) for the Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production (UK) Limited and Britoil (BP) have chosen a new standalone facility to develop the Culzean discovery.

Koch Industries Buys PetroLogistics For $2.1B

May 28, 2014 10:28 am | by Associated Press | News | Comments

Koch Industries is buying PetroLogistics in a deal valued at approximately $2.1 billion, including debt. PetroLogistics makes propylene, a widely used building block material that goes into everything from paint and building materials to clothing and automotive parts.

Vireol Ethanol Up And Running

May 27, 2014 11:05 am | by Associated Press | News | Comments

An ethanol plant in Hopewell that sat idle since 2010 has begun operations under its new owner.                                         

Illinois House Panel Approves Fracking Rules

May 27, 2014 11:04 am | by Associated Press | News | Comments

A House committee has approved a plan to speed up hydraulic fracturing for oil and gas in Illinois. The Executive Committee voted 7-4 Monday to advance the plan by Rep. John Bradley despite protests from environmentalists.                 

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