North Dakota Governor Jack Dalrymple says flaring is continuing, as efforts to find other uses for the gas generated as a byproduct of the drilling process are just barely keeping up with the shale boom, FuelFix reports.
President Enrique Pena Nieto is reshuffling officials who will be handling Mexico's newly opened energy industry, with particular focus on beefing up the National Hydrocarbons Commission, the regulatory body that will handle oil and gas contracts, The Wall Street Journal reports.
WASHINGTON (AP) — President Barack Obama told U.S. state governors at a White House meeting Monday that he expects to decide on the proposed Keystone XL oil pipeline from Canada in the next couple of months, two Republican governors said.
Oklahoma Gov. Mary Fallin, who chairs the National Governors Association and supports Keystone, said she asked Obama about the pipeline at a meeting with about 40 governors.
Obama told her he expects a decision "in the next couple of months," but didn't offer a specific timetable, Fallin and Nebraska Gov. Dave Heineman said.
NEW ORLEANS (AP) — The Coast Guard has reopened all of the Mississippi River between New Orleans and Baton Rouge, though ships and other vessels must pass slowly near the site of a weekend oil spill.
About 31,500 gallons of light crude oil spilled into the river after a tank barge hit a towboat Saturday afternoon.
Petty Officer Matthew Schofield says the last 25-mile stretch downriver from the accident site was opened Monday afternoon. Forty miles from New Orleans toward Baton Rouge were opened earlier in the day.
As Britain looks at ways of extracting more oil out of its mature North Sea fields, the issue of the offshore oil wealth is also taking center stage in a looming vote over Scotland's independence, the BBC reports.
The price of oil eased toward $102 a barrel Monday, taking a pause in a six-week rally that has been supported by U.S. demand for heating oil amid prolonged cold weather.
By early afternoon in Europe, benchmark U.S. crude for April delivery was down 15 cents to $102.05 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract fell 55 cents but was up 2 percent over the week amid rising demand for heating oil in the U.S.
Brent crude, which is used to set prices for international varieties of crude, was down 24 cents to $109.61 on the ICE Futures exchange in London.
The problems in Ukraine are unlikely to trigger faster action by the Obama administration on natural gas exports, a White House spokesman appeared to indicate Friday, as he noted that supplies in Europe are at higher-than-normal levels because of the mild winter there, according to Reuters.
Public Service Enterprise Group plans to spend $12 billion over five years on capital projects to improve reliability, hoping to increase the earnings of its utility business, The Wall Street Journal reports.
Weather-related rail bottlenecks in Chicago are causing higher prices and lower supplies of ethanol on the East coast, while Midwest plants are cutting production because of a shortage of rail cars, an industry representative told a U.S. Surface Transportation Board panel, Platts reports.
Investors will challenge corporations during the upcoming proxy season to make more environmental commitments, according to nonprofit Ceres, which has compiled a list of resolutions up for votes, E&E reports.
Saying President Obama's proposed "climate resilience fund" will help communities prepare better for severe weather might win it bipartisan support, according to Sen. Brian Schatz, D-Hawaii, National Journal reports.