The Transportation Department is permitting Enbridge Energy Partners to restart a Wisconsin pipeline after the company agreed to additional safety precautions, The Wall Street Journal reports. Line 14 leaked 1,000 barrels of oil in Wisconsin last month.
HAVANA (AP) — A second deep-water exploratory well in the Gulf of Mexico has proved a bust, Cuba's state oil company announced Monday, dealing another blow to the island's dreams of petroleum riches.
The drilling operation carried out by PC Gulf, a subsidiary of Malaysia's Petronas, and Gazpromneft of Russia, concluded July 31 off the western province of Pinar del Rio, Cuban state oil company Cubapetroleo said in a statement.
In an effort to build support for drilling expansion measures, Sen. Lisa Murkowski, R-Alaska, took Sen. John Hoeven, R-N.D., on a tour of Alaskan oil and gas fields, The Hill reports. Murkowski intends to do the same with several other colleagues.
Oil fell slightly to below $91 a barrel Monday in Asia, maintaining most of the big gains from the previous session after the U.S. reported better than expected jobs growth. Benchmark crude was down 50 cents at $90.90 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $4.27 on Friday to settle at $91.40 in New York.
NEW YORK (AP) — The price of oil posted its biggest gain in more than month, jumping nearly 5 percent, after the government reported a sharp rise in jobs growth for July.
Benchmark U.S. crude on Friday rose $4.27 to end the day at $91.40 per barrel in New York. Brent crude, which sets the price for oil imported into the U.S., climbed $3.04, or 2.9 percent, to $108.94 per barrel in London.
Liberal watchdog group Checks and Balances Project said the State Department inspector general is investigating potential conflicts of interests in the department's environmental review of the Keystone XL pipeline, The Hill reports.