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Oil Industry Bet Big on Jeb Bush for President. Now What?

February 23, 2016

U.S. oil and gas executives bet big on 2016 Republican presidential candidate Jeb Bush – they donated more to his White House run than to all of his rivals combined, according to a Reuters review of campaign disclosures. But that was last year. Now Bush faces what party strategists and donors view as a make… Continue Reading »

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Senate Blocks Energy Bill in Dispute Over Flint’s Water

February 7, 2016

A bipartisan energy bill more than a year in the making was blocked by Democrats on a procedural vote in the U.S. Senate, falling victim to disagreements over aid for the lead-poisoned water system of Flint, Michigan. The Senate voted 46-50, short of the 60 votes needed to advance the bill, with Democrats leading the… Continue Reading »

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U.S. Issues Alert on Offshore Oil Equipment Problems

February 2, 2016

The U.S. Interior Department issued a safety alert on Tuesday, warning offshore oil and gas drillers about recurring problems with bolts on equipment including blowout preventers. The Bureau of Safety and Environmental Enforcement (BSEE) said it was aware of a “recurring problem of connector and bolt failures” in components used in risers and underwater blowout… Continue Reading »

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U.S. Senate Starts Debate on Broad Energy Bill

January 28, 2016

The U.S. Senate on Wednesday began debate on the country’s first major energy bill in over eight years, featuring measures aimed at protecting the electric power grid against cyber attacks and speeding the export of liquefied natural gas. Alaska Senator Lisa Murkowski, Republican chair of the Senate energy committee and Washington Senator Maria Cantwell, its… Continue Reading »

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Obama Says Must Change The Way Nation Manages Fossil Fuel Resources

January 14, 2016

President Barack Obama on Tuesday said he would seek changes in the way U.S. oil and coal resources are managed, prompting a flood of reaction from environmental groups pushing him to do more to limit fossil fuel production – and producers anxious about regulatory changes. “I’m going to push to change the way we manage… Continue Reading »

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White House Says Confident Acted Lawfully in Keystone Pipeline Rejection

January 10, 2016

The White House said on Thursday that it is confident that President Barack Obama and his administration acted lawfully when rejecting TransCanada Corp’s Keystone XL crude oil pipeline from Canada. TransCanada launched a lawsuit against the U.S. government on Wednesday and said it plans to seek $15 billion in damages from a tribunal under the… Continue Reading »

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US Weather Snarls Some Oil, Products Flows In Midwest, South

December 30, 2015

Severe weather in parts of the U.S. South and Midwest has disrupted regional shipments of some refined products and oil, including a trickle of crude trucked into the storage hub of Cushing, Oklahoma. Sources said several truck racks, which serve as distribution centers to move refined products such as gasoline and diesel to market, reported… Continue Reading »

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TransCanada: US Presidential Politics Not A Factor For KXL

November 7, 2015

Pressed during a conference ostensibly about TransCanada Corp.’s positive third quarter earnings report, TransCanada President and CEO Russ Girling was peppered with questions about the company’s request that the State Department suspend its review of the Keystone XL (KXL) pipeline. The KXL, the beleaguered pipeline from Canada designed to move 830,000 barrels of heavy oil… Continue Reading »

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US Budget Deal Would Sell 58M Barrels Of Oil From Emergency Reserves

October 30, 2015

Congressional leaders proposed to sell 58 million barrels of oil from U.S. emergency reserves over six years starting in fiscal 2018 to help pay for a budget deal that ends mandatory spending cuts, according to a copy of the bill posted to a congressional website. The Strategic Petroleum Reserve holds more than 695 million barrels… Continue Reading »

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