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Archive By Section - Oil & Gas


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.

February 23, 2013 | | Oil & Gas


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.

February 22, 2013 | BY JULIE CART Los Angeles Times (MCT) | Oil & Gas


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.

January 19, 2013 | | Oil & Gas


Ken Salazar leaves legacy of drilling expansion, moratorium

BY SEAN COCKERHAM and

January 19, 2013 | | Oil & Gas


Obama administration to review Shell’s beleaguered Arctic operations

BY SEAN COCKERHAM

January 18, 2013 | | Oil & Gas


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.

January 18, 2013 | | Oil & Gas


What happens to Venezuelan oil when Chavez is gone?

BY SEAN COCKERHAM

January 18, 2013 | | Oil & Gas


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:

December 15, 2012 | | Oil & Gas


LNG exports can boost U.S. economy

WASHINGTON, – American Petroleum Institute Group Director of Upstream and Industry Operations Erik Milito welcomed the latest Department of Energy study finding that exports of liquefied natural gas (LNG) would benefit the U.S. economy:

December 15, 2012 | | Oil & Gas


Judge temporarily halts Keystone XL pipeline in Texas

HOUSTON – A Texas judge has temporarily stopped oil company TransCanada from building a pipeline designed to carry tar sands oil from Canada through eastern portions of the state to the Gulf Coast.

December 15, 2012 | BY MOLLY HENNESSY-FISKE Los Angeles Times (MCT) | Oil & Gas


Report: African Americans, Latinos can benefit from oil, natural gas development

WASHINGTON – American Petroleum Institute President and CEO Jack Gerard today released a new report by IHS Global Insight showing the oil and natural gas industry is in a strong position to expand its workforce with minority employees.

December 15, 2012 | | Oil & Gas


Automakers find many roads to fuel efficiency

On one stage of the Los Angeles Auto Show, BMW shows off "the cars of tomorrow," concepts powered by electricity. On another, Audi touts four new diesels. Ford, meanwhile, displays a tiny gasoline motor with an unprecedented mix of power and economy.

December 14, 2012 | BY JERRY HIRSCH Los Angeles Times (MCT) | Oil & Gas


Battle brewing in Congress over energy royalties

WASHINGTON – Now that Hurricane Isaac has passed, a political storm is brewing in Congress over a new effort by coastal lawmakers to secure a larger share of federal royalties from energy production off their shores to fund projects such as flood protection.

September 14, 2012 | BY RICHARD SIMON Los Angeles Times (MCT) | Oil & Gas


Oil drilling begins off northwest Alaska shore

SEATTLE – A potential new energy frontier opened early Sunday in the U.S. Arctic as Royal Dutch Shell plumbed a drill bit into the bed of the Chukchi Sea, 70 miles off the coast of northwest Alaska.

September 13, 2012 | BY KIM MURPHY Los Angeles Times (MCT) | Oil & Gas


Iran learns to deal with sanctions — for now

WASHINGTON – To continue selling crude oil to India, Iran is accepting payment in rice, medicine, engineering supplies and steel.

September 13, 2012 | BY SHASHANK BENGALI Los Angeles Times (MCT) | Oil & Gas


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Articles by Section - Oil & Gas


Communities work to slow expansion of crude oil moved by rail

BY CURTIS TATE

January 17, 2015 | | Oil & Gas


Oil taxes tempt recession-scarred U.S. states as prices plummet

BY MARK NIQUETTE and

January 17, 2015 | | Oil & Gas


Keystone pipeline scores wins in US House, Nebraska court

BY SEAN COCKERHAM

January 16, 2015 | | Oil & Gas


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