Archive By Section - Oil & Gas
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:
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:
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.
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.
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.
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.
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.
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.
Paul Ryan takes on Obama’s energy policies in Colorado
LAKEWOOD, Colo. – Colorado has long been an epicenter of the energy industry, with oil and gas harvested in its western slope, hydraulic fracturing in the northeast and wind farms producing energy on its eastern plains.
US offers tentative plan to put pipeline across National Petroleum Reserve in Alaska
SEATTLE – The U.S. Interior Department opened the door to the possibility of an oil pipeline across the National Petroleum Reserve in Alaska and to oil and gas leasing on 11.8 million acres of it.
Investigator says Chevron refinery fire ‘near disaster’ for workers
RICHMOND, Calif. – More than a dozen workers were nearly killed when the vapor cloud that sparked Monday's massive Chevron refinery fire engulfed them as they worked on a leaky, four-decades-old pipe that the oil giant had not replaced during a round of maintenance last year, federal investigators said Saturday.
Arctic drilling: Groups challenge Shell oil spill response plans
SEATTLE – In an effort to hold oil companies to a higher standard in the Arctic Ocean, a coalition of conservation groups announced Monday that they are suing to challenge the federal government's approval of oil spill cleanup plans for Shell Alaska's upcoming operations in the Beaufort and Chukchi seas.
Natural gas growth adds strain to state regulators
WASHINGTON – The surging natural gas industry has sparked a hiring frenzy in Ohio.
Shell may be ready for the Arctic, but its oil spill barge isn’t
SEATTLE – A unique ice-class barge designed to clean up any oil spills that might result from Shell Alaska's upcoming operations in the Arctic Ocean has so far failed to acquire final U.S. Coast Guard certification. Engineers from the oil company say it's no longer appropriate to require them to meet the rigorous weather standards originally proposed.
No Articles Found.
