Archive By Section - Oil & Gas
Senators Roberts and Moran introduce Underground Gas Storage Facility Safety Act
WASHINGTON, D.C. – U.S. Senators Pat Roberts and Jerry Moran introduced legislation to protect Kansans from the threat of dangerous natural gas explosions by allowing states to monitor underground natural gas storage in the absence of federal action.
March petroleum demand edges up
WASHINGTON – Total U.S. petroleum deliveries (a measure of demand) were up 0.6 for March against the same month a year ago to average 18.3 million barrels per day – yet were still at the second lowest March level in 16 years (since 1997). For the first quarter of this year, U.S. petroleum deliveries were down by 0.4 percent.
Biomass research collaboration seeks to improve biofuel efficiency, bio-products quality
A Kansas State University biochemical engineer is part of a national collaboration working to advance biomass as a leading source for more efficient drop-in biofuels, bio-power and animal feed.
Trade deficit surges in January on oil imports
BY DON LEE Tribune Washington Bureau WASHINGTON – The U.S. trade picture dimmed at the start of this year as exports fell back and American imports rose more than most expected. On both sides, it was all about oil. The result was a sizable widening of the trade deficit in January, to a seasonally adjusted $44.4 billion from a revised $38.1 billion in December, the Commerce Department said Thursday. Analysts on average had forecast ...
With natural gas so abundant and cheap, should U.S. export it?
BY SEAN COCKERHAM McClatchy Newspapers WASHINGTON – The natural gas boom in North Texas is sputtering, with the number of rigs working the Barnett Shale recently hitting a 10-year low. It's an issue elsewhere, as well, as the glut of domestic energy that's transforming America drives down the price of natural gas and makes drilling less profitable. An industry association based in Fort Worth, Texas, is among those arguing that a solution is for the ...
With pipeline in limbo, Canadian crude finds new path to US: rail
BY DAVID SHAFFER Minneapolis Star Tribune (MCT) If President Barack Obama rejects the Keystone XL pipeline, large quantities of the Canadian oil it's designed to carry will still roll into the United States – on railroads. The proposed pipeline across Montana, South Dakota and Nebraska has provoked opposition from environmental activists who say extraction of crude oil from tar sands increases greenhouse gases that cause global warming. As anti-pipeline groups have pressed the White House ...
Recent area intents to drill reported
Below are the intent to drill for oil permits in the area filed with the Kansas Corporation Commission in the past 90 days. The information is listed in this order: File name, permit date, section, township, range, east/west, district number, license and company.
Despite drilling, gas prices still march upward
WASHINGTON (MCT) – Like locusts ravaging fertile crops, gasoline prices are soaring again and eating away at the purchasing power of ordinary Americans. And again, financial speculators appear to be a big part of the story.
BP faces civil trial over gulf oil spill
The ink has barely dried on the record-breaking $4 billion check BP wrote to settle criminal charges stemming from its Gulf of Mexico oil spill disaster before the energy giant is again confronted with a protracted court battle that could cost it billions more.
U.S. petroleum demand down 2 percent for the year
WASHINGTON – Total U.S. petroleum deliveries (a measure of demand) were down 2.0 percent for 2012 compared with 2011 – and were at the lowest annual level in 16 years. They also were down 2.1 percent in December against a year ago. Year over year declines were seen in all months in 2012 except for May.
Ken Salazar leaves legacy of drilling expansion, moratorium
BY SEAN COCKERHAM and ROB HOTAKAINEN McClatchy Newspapers WASHINGTON – Interior Secretary Ken Salazar's announcement that he's stepping down at the end of March leaves his successor to grapple with contentious issues including drilling in Arctic waters off Alaska and fracking for natural gas and oil on public lands. Names mentioned as potential replacements include outgoing Washington Gov. Chris Gregoire, former North Dakota Sen. Byron Dorgan and former Govs. Dave Freudenthal of Wyoming and ...
Obama administration to review Shell’s beleaguered Arctic operations
BY SEAN COCKERHAM McClatchy Newspapers WASHINGTON – The Obama administration is launching a fast-track review of Shell's troubled Arctic drilling efforts in the wake of a grounded drilling rig, a failed spill equipment test and other problems. But the administration made clear Tuesday that despite all the struggles it still supports the controversial push to explore for oil in the waters off Alaska. "The administration is fully committed to exploring for potential energy resources in ...
Oil well completions up from year ago levels
WASHINGTON – Oil well drilling trends continue to rise in the fourth quarter of 2012 with exploratory and development wells showing a 15 percent and 16 percent increase from 2011's fourth quarter figures, respectively, according to API's 2012 Quarterly Well Completion Report: Fourth Quarter.
What happens to Venezuelan oil when Chavez is gone?
BY SEAN COCKERHAM McClatchy Newspapers WASHINGTON – The end of Hugo Chavez could mean big changes for the struggling state-owned Venezuelan oil industry, which drives its nation's economy, provides the money for Chavez's export of socialism, and has helped prop up Cuba through subsidies of hugely discounted oil. Chavez, who is possibly in his final days after cancer-related surgery in Cuba, has used the state-owned oil company Petroleos de Venezuela SA as a cash ...
Report adds to chorus predicting era of American energy dominance
WASHINGTON – American Petroleum Institute Senior Economic Advisory Rayola Dougher said that Energy Outlook released today by EIA adds to the growing chorus that predicts increased domestic energy production could make America a global energy giant in just a few short years:
Articles by Section - Oil & Gas
Record exports mean summer gas prices won’t be much lower
(MCT) – Summer gasoline prices will be lower in the U.S. than they were last year. But they won't be much lower, experts say, because U.S. refineries have been exporting record amounts of fuel overseas.
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