Enterprise Products Partners says it has enhanced refrigeration at its LPG export terminal in the Houston Ship Channel, which will increase its loading capacity by 1.5 million barrels per month, FuelFix reports.
HANOI, Vietnam (AP) — Russia's Prime Minister Dmitry Medvedev said Monday that Vietnam is close to agreeing a free trade deal with the Russian-led Eurasian Economic Union.
He predicted that Russia's annual trade with Vietnam could increase by fourfold to $10 billion over the next five years. The two sides also agreed to expand oil and gas exploration in the contested South China Sea.
New driller Independence Resources Management LLC -- which intends to focus on unconventional shale plays in places like the Anadarko Basin – is getting $500 million in backing from private equity firm Warburg Pincus, the Houston Business Journal reports.
Seeking to fill two key Department of Transportation posts that have been vacant for months, President Barack Obama has nominated Marie Therese Dominguez to become the head of the Pipeline and Hazardous Materials Safety Administration and Sarah Feinberg to the top job at the Federal Railroad Administration, The Hill reports.
The Hill reports that the House has scheduled votes for next month on proposals to let states opt out of the Clean Power Plan, to weaken the proposed rule on disposal of coal ash at power plants, and to reform toxic chemical safety laws.
A pause in dollar gains and a drop in the number of rigs drilling for oil in the U.S. sent prices skyrocketing Friday. U.S. benchmark crude leaped 4.5 percent, or $2.62, to settle at $60.30 a barrel on the Nymex, while in London, Brent soared $2.98 - 4.8 percent - to $65.56, Reuters reports.
Illinois Attorney General Lisa Madigan and the advocacy group Public Citizen have filed a complaint with the Federal Energy Regulatory Commission charging that Dynegy Inc. manipulated electricity markets, the St. Louis Post-Dispatch reports.
The Energy Information Administration is struggling to make accurate projections in an era of volatile energy prices, surging renewable energy, and global warming, according to U.S. News & World Report.
The goal that Kansas utilities generate 20 percent of their electricity from renewable sources is now nonbinding rather than a mandate, as Gov. Sam Brownback has signed compromise energy legislation hammered out between the wind industry and its critics, The Associated Press reports.
The insistence that oil companies be able to drill relief wells in the event of an emergency is a major sticking point when it comes to the Obama administration plan to allow Arctic drilling, according to comments filed by groups including the American Petroleum Institute, FuelFix reports.