Oil

Oil

US rig count increases by 5 to 1,769

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. rose by five this week to 1,769.

Oil

Union, industry group presses for Keystone approval

Source: 
Detroit Free Press
A conference of union representatives, industry leaders and elected officials called for expanded energy infrastructure investment and approval of the Keystone XL pipeline, the Detroit Free Press reports.
Oil

House Democrats single out top offshore safety offenders

Source: 
FuelFix
Democrats on the House Natural Resources Committee unveiled an analysis highlighting offshore drilling companies with the most environmental and safety issues, FuelFix reports.
Oil

Offshore conference draws 30-year attendance high

Source: 
FuelFix
Houston's Offshore Technology Conference drew a 30-year-high 104,800 visitors, the conference's second-highest attendance, FuelFix reports.
Oil

Judge postpones former BP executive trial

Source: 
FuelFix
A federal judge agreed to postpone former BP executive David Rainey's trial for charges of withholding information about the 2010 Gulf of Mexico spill from Congress, FuelFix reports.
Oil

Oil falls below $96 per barrel as dollar rises

BANGKOK (AP) — The price of oil fell below $96 per barrel on Friday after signs of improvement in U.S. employment sparked speculation that the Federal Reserve might scale back its aggressive monetary policy.

Oil

Oil industry: BLM prevents job creation in Calif.

SAN FRANCISCO (AP) — Leading oil industry groups said Thursday federal land managers are blocking new energy development and job creation by postponing all oil and gas lease auctions on prime public lands in California until October.

Del. judge refuses to block Freeport-Plains deal

DOVER, Del. (AP) — A Delaware judge is refusing to block the merger of mining company Freeport-McMoRan with oil and gas producer Plains Exploration & Production Co.

Oil

Oil price drifts lower on jobs, stronger dollar

NEW YORK (AP) — The price of oil fell Thursday, as the dollar strengthened against some foreign currencies and concerns grew about inflation in China.

Oil

Richmond employing high-profile law firm for Chevron refinery damages

Source: 
San Francisco Business Times

The city of Richmond, Calif. is set to hire the law firm that represented victims of a Pacific Gas & Electric Co. pipeline explosion in its bid to win damages for Chevron's 2012 refinery fire, the San Francisco Business Journal reports.

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