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.
Shell is withdrawing part of its funds from European banks in an effort to avoid credit risk in the euro zone, Reuters reports. The oil giant is opting to place its money in non-European assets.
The earnings reports of BP, Halliburton and Transocean show how the companies are preparing for settlements and penalties stemming from the Macondo oil spill, Fuelfix reports.
A group of 60 House lawmakers led by Rep. Jeff Landry, R-La., contend that new safety guidance by the Transportation Department will limit services to oil and gas wells, The Hill reports.
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.
West Virginia Gov. Earl Ray Tomblin and Attorney General Patrick Morrisey joined a push to have the Supreme Court rule to overturn EPA greenhouse gas regulations, The Charleston Gazette reports.
Sen. Tim Kaine, D-Va., voiced optimism that President Obama would not veto his bill to authorize oil and gas drilling off the coast of Virginia, The Hill reports.
The National Oceanic and Atmospheric Administration said a key satellite tasked with tracking severe eastern weather failed and a spare has been activated, Reuters reports.
The new chemical safety compromise bill introduced by Sens. David Vitter, R-La., and Frank Lautenberg, D-N.J., now has 20 co-sponsors, The Hill reports.
Participants in the Energy Department's Better Buildings Challenge, designed to reduce energy consumption at buildings, saved about $58 million in energy costs last year, The Journal Sentinel reports.
In a Q&A with State House News Service, Massachusetts Senate candidates Rep. Ed Markey, D, and Gabriel Gomez, R, give their take on the Senate battle to confirm EPA nominee Gina McCarthy.
In an interview with GreenBiz.com, Massachusetts Gov. Deval Patrick discusses his vision for his state's energy policy, including his plans for offshore wind generation.
New York Gov. Andrew Cuomo's plan to reform the Long Island Power Authority over flaws exposed by Hurricane Sandy is unpopular among municipal bond investors, Bloomberg reports.
