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Raw: Smokestack Shoots Fire at Oil Facility

May 6, 2015 4:29 pm | by The Associated Press | Videos | Comments

Crews battle a smokestack fire at the U.S. Oil and Refinery Co. that sent plumes of black smoke across the sky in Washington.

Mexico: 2 Workers Dead, 10 Hurt in Another Oil Rig Accident

May 6, 2015 9:59 am | by The Associated Press | News | Comments

State oil company Petroleos Mexicanos, or Pemex, said the Troll Solution rig was maneuvering to perform offshore maintenance at the time of the accident.

Mixed Reaction For Plan For Western Pa. Petrochemical Plant

May 6, 2015 9:11 am | by The Associated Press | News | Comments

A proposal by Shell Chemical to build a petrochemical plant in western Pennsylvania drew praise from those who say it will boost the region's economy, and criticism from those who fear it will harm the environment.

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Texas Legislature Acts to Stop Cities From Limiting Drilling

May 5, 2015 9:42 am | by WILL WEISSERT, Associated Press | News | Comments

It's a major victory for industry groups and top conservatives who have decried rampant local "overregulation."

Study: Trace Amount of Drilling Chemical Found in Drinking Water

May 5, 2015 9:38 am | by MICHAEL RUBINKAM, Associated Press | News | Comments

The compound, 2-BE, has a wide variety of industrial and household uses, and is commonly found in paint, cosmetics and cleaners, but the authors identified gas drilling as the most probable source.

How Chemical Companies Are Part of The Solution — And Problem — For Climate Change

May 4, 2015 5:19 pm | by Meagan Parrish, Editor, Chem.Info | Blogs | Comments

Some of the world’s top chemical companies have not only called climate change “man made,” they’re leading the charge to combat it.

Oil May Push Past $100 a Barrel in 2016: Hofmeister

May 4, 2015 10:03 am | by Bloomberg Business | Videos | Comments

John Hofmeister, former U.S. president of Royal Dutch Shell Plc and founder of Citizens for Affordable Energy, talks about why he thinks many analysts are underestimating the oil market.

Buffett Says New Oil Train Rules Will Affect BNSF Railroad

May 4, 2015 9:37 am | by The Associated Press | News | Comments

Buffett says railroads play an important role in transporting potentially dangerous products across the United States, and he thinks it makes more sense for railroads to haul them instead of trucks or pipelines in most cases.

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US, Canada Unveil Rules to Boost Oil Train Safety

May 1, 2015 4:37 pm | by JOAN LOWY and MATTHEW BROWN, Associated Press | News | Comments

Rail tank cars used to transport crude oil and many other flammable liquids will have to be built to stronger standards to reduce the risk of a catastrophic train crash and fire, under sweeping new safety rules.

Fee Proposed on Rail Cars That Haul Oil, Other Flammables

May 1, 2015 9:29 am | by MATTHEW BROWN, Associated Press | News | Comments

The fee would start at $175 and increase to $1,400 per car by 2018. It would raise an estimated $600 million to train first responders, clean up spills and relocate rail tracks around populated areas.

Report: North Dakota Again Leads Nation in Worker Fatality Rate

May 1, 2015 9:06 am | by Andy Szal, Digital Reporter | News | Comments

North Dakota's fracking industry, in particular, helped make the state "an exceptionally dangerous and deadly place to work" according to the report.

Groups Ask For Federal Review of Ohio Injection-Well Program

April 30, 2015 11:00 am | by JULIE CARR SMYTH, Associated Press | News | Comments

Injection wells pump wastewater from oil and gas drilling deep inside the earth. Some such wells in Ohio have been linked to earthquakes.

Shell Profits Beat Expectations Despite Low Oil Prices

April 30, 2015 10:50 am | by The Associated Press | News | Comments

It said its first-quarter profit rose 7 percent, thanks to a good performance in the refining division as well as to the fact that year-earlier figures were weighed down by one-time charges.

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BP to Sell Stake in North Sea Pipeline

April 30, 2015 9:52 am | by Andy Szal, Digital Reporter | News | Comments

The sale is expected to take place before the end of the year as part of BP's plans to trim $10 billion in assets amid plummeting gas prices.

Shell, Greenpeace Spar Over Arctic Drilling Safety Zones

April 29, 2015 2:36 pm | by DAN JOLING, Associated Press | News | Comments

Attorneys for Royal Dutch Shell PLC presented testimony to a federal court judge Tuesday that the company needs safety zones around its Arctic drill fleet to prevent Greenpeace USA activists from endangering company workers and themselves.

Thai-Japanese Venture Eyes Ohio For Massive Chemical Plant

April 29, 2015 9:54 am | by Andy Szal, Digital Reporter | News | Comments

Ohio leaders hope the plant will draw other plastic and chemical manufacturers to the area.

Roubini: We're Not Going Back to $100/Barrel Oil

April 29, 2015 9:46 am | by Bloomberg Business | Videos | Comments

Roubini Global Economics co-founder Nouriel Roubini discusses the "new normal" for oil prices for the next few years.

Lower Oil Prices And Devalued Euro is Volatile, But Profitable For European Chem Producers…For Now

April 28, 2015 2:19 pm | by IHS Chemical | News | Comments

"Crude oil prices are around $62 per barrel, consumption is improving, and buyers throughout the value chain are focused on restocking their inventories in a tight market," said Michael Smith, vice president of European chemicals at IHS Chemical.

Why Oil is Surging Higher in April

April 28, 2015 10:07 am | by Bloomberg Business | Videos | Comments

RJ O’Brien & Associates’ Phil Streible discusses the price of oil.

One Dead, Three Injured Amid Georgia Refinery Leak

April 27, 2015 4:28 pm | by Andy Szal, Digital Reporter | News | Comments

Reports indicated a refinery worker at Asphalt Refining and Technology Company in Douglasville went into cardiac arrest on Wednesday afternoon

Company Behind Keystone XL Seeks U.S. Approval For Another Pipeline

April 27, 2015 4:06 pm | by Andy Szal, Digital Reporter | News | Comments

TransCanada officially asked the State Department to sign off on its Upland Pipeline Project, a $600 million pipe running north from North Dakota to Saskatchewan.

Oil Spill Threatens Spain's Canary Islands

April 27, 2015 9:33 am | by The Associated Press | News | Comments

Greenpeace has called on Spain's government to dedicate more resources to cleaning up an oil spill rising up from a sunken fishing trawler off the Canary Islands after spotting a five-kilometer (3-mile) slick.

How Can Oil Producers Turn $70 Oil Into $90 Oil?

April 27, 2015 9:27 am | by Bloomberg Business | Videos | Comments

Tortoise Capital Advisors Portfolio Manager Robert Thummel discusses challenges for the oil and gas services industries in the wake of lower oil prices. He speaks on “In The Loop.”

Smithsonian Series Chronicles Lives of Oil Patch Residents

April 24, 2015 4:34 pm | by REGINA GARCIA CANO, Associated Press | News | Comments

A documentary chronicling the lives of residents and workers in the oil-rich region of North Dakota and Montana that has created a modern-day gold rush will start airing Sunday on the Smithsonian Channel.

Oil, Gas, Power, Prices: Big Themes From Energy Meeting

April 24, 2015 4:30 pm | by JONATHAN FAHEY, AP Energy Writer | News | Comments

In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming. Here are five major themes from this year's conference.

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