Though the impact of the government shutdown has been limited on the energy industry so far, analysts and industry officials are concerned a prolonged shutdown will ultimately slow new fossil fuel and renewable energy development, Hearst Newspapers reports.
As Republicans intensify criticism of the government shutdown's closing of national parks and memorials and halt to onshore drilling permits, former Interior secretary Ken Salazar is coming to President Barack Obama's defense.
Salazar on Thursday plans to point out the hits to public lands recreation and commerce caused by the shutdown via a media teleconference hosted by the left-leaning Center for American Progress.
Senate Energy and Natural Resources Chairman Ron Wyden said Tuesday he will hold a hearing on the government shutdown by next week, one that Republicans said they would use to press the Obama administration about controversial public lands and monuments closures.
The department has come under fire from Republicans and interest groups for barricades at monuments, national parks and federal recreation and hunting areas. It was unclear, however, if the Obama administration would send witnesses to testify before the shutdown is resolved.
NEW ORLEANS (AP) — For weeks after BP's massive 2010 oil spill in the Gulf of Mexico, people across the globe were captivated by a live video feed from underwater cameras that showed the company's blown-out well belching plumes of black crude into the water.
BAGHDAD (AP) — Iraq's northern self-ruled Kurdish region has given the green light to a consortium led by a United Arab Emirates state-run energy investment company to pump oil, a statement said Monday, in a latest move shows the Kurds' determination to pursue ambitious oil plans despite central government objections.
A federal judge granted Chevron Corp.'s request for a judge, not a jury, to hear its case against Ecuadorian plaintiffs and their lawyer for alleged fraud in a $19 billion pollution verdict against the company, Bloomberg reports.
No new rules on chemical safety and storage have been put into place a year after an ammonium nitrate explosion killed 15 people and damaged hundreds of homes in West, Texas, The Wall Street Journal reports, which notes the disaster has spawned disagreements instead.
With rhetoric growing more heated ahead of Ukraine talks set for Thursday, oil prices were back on the rise. WTI increased 88 cents Wednesday in electronic trading on the Nymex to $104.63 a barrel, while in London Brent crude hit $110 a barrel midmorning local time, Reuters reports.
The Texas Petro Index, monitoring the oil and gas industry in the state, hit a level in February not seen since 1980, according to the statistic’s creator, who said crude production for the month came to some 77.2 million barrels, FuelFix reports.
The Senate Majority PAC, providing money for vulnerable Democrats, picked up $11 million in the 1st quarter but other super PACs have been doing well with fund raising also, The Washington Post reports.
Railroads, used to operating under exclusively federal jurisdiction, are coming under increasing pressure to provide more information as they carry crude oil, and will face new rules forcing them to do so this summer, The New York Times reports.
Frigid weather this past winter that resulted in gas price spikes points to the need to improve the ways natural gas gets to market, but more pipeline capacity may not necessarily steady costs, panel members said at a gas forum in Atlanta, Platts reports.
Recent finds of mildly radioactive oil filter socks have triggered concern and illustrates how authorities in North Dakota are having trouble handling some aspects of the shale drilling boom, The Wall Street Journal reports.
As part of a two-year plan to dispose of some of its assets, BP is looking for buyers to take on rights for some 280,000 acres in the Texas Panhandle, in an area rich in natural gas that the company says would be better suited to an operator used to getting the most out of mature territory, FuelFix reports.