Oil

Oil

EIA sees drilling stability despite oil price drop

Source: 
The Hill

The drop in rig count that has followed the slide in oil prices won’t dent U.S. crude production too much in 2015, assuming that prices begin to recover in the later part of the year, according to statistics from the Energy Information Administration, The Hill reports.

Oil

Case against Rainey still on after SCOTUS refuses appeal

Source: 
Reuters

Former BP executive David Rainey has seen his request to have the U.S. Supreme Court hear his appeal in an obstruction of Congress case rejected: He stands accused of lying to lawmakers about the severity of the Deepwater Horizon disaster in 2010, Reuters reports.

Oil

Hess joins oil firms cutting spending

Source: 
FuelFix

The capital and exploration budget for Hess Corp. will drop by 16 percent to $4.7 billion in its 2015 outlay, the company said, adding that the number of rigs it plans to operate will drop by nearly half to an average of 9.5, FuelFix reports.

Obama leading delegation of US dignitaries to Saudi Arabia

NEW DELHI (AP) — President Barack Obama was leading a bipartisan delegation of lawmakers, senior U.S. officials and two former secretaries of state to Saudi Arabia Tuesday to pay respects to the royal family following King Abdullah's death.

Obama cut short the final day of his visit to India to make the trip, departing New Delhi Tuesday afternoon without making his planned visit to the Taj Mahal. Obama's four-hour stop in Saudi Arabia was to include a meeting with new monarch King Salman bin Abdul-Aziz Al Saud and a dinner with other Saudi officials.

Oil

EPA: 4M gallons pumped from North Dakota saltwater spill

More than 4 million gallons of a mixture of fresh water, brine and oil have been pumped from the area affected by the largest saltwater spill of North Dakota's current energy boom, according to a report issued Monday by the Environmental Protection Agency.

The report provides an overall assessment on the nearly 3 million-gallon spill of saltwater generated by oil drilling that leaked from a ruptured pipeline that operator Summit Midstream Partners LLC detected on Jan. 6. It remains unclear exactly when the spill occurred and what caused it.

Oil

Drilling plan may restrict sensitive Arctic Ocean areas

ANCHORAGE, Alaska (AP) — The federal Department of the Interior will make additional areas of Arctic Ocean waters off-limits to drilling when it announces a new five-year offshore drilling plan, a member of the Alaska congressional delegation said Monday.

U.S. Sen. Lisa Murkowski, R-Alaska, said she was briefed last week by federal officials who told her the Obama administration will permanently remove from consideration some areas that had previously been deferred from the federal leasing program.

Associated Press
Oil

McConnell fails in first bid to end Keystone debate

A cloture motion by Sen. Mitch McConnell to put the Keystone XL approval bill on track for passage by the Senate failed 53-39 Monday night, extending for now the increasingly partisan debate over the $8 billion project.

The majority fell short of the 60 needed to end open debate and potentially pass the bill as soon as this week. Just four Democrats voted for the motion, while eight senators did not vote.

Oil

Senate fails to close off Keystone XL debate

A motion to wrap up amendment debate and move toward Senate passage of the Keystone XL pipeline bill failed, 53-39, on Monday.

Just four Democrats voted for the cloture motion to end debate, which required a 60-vote majority for adoption.

The motion was scheduled late Thursday by Majority Leader Mitch McConnell, R-Ky., after Democrats sought more time to consider pending amendments, and he called successful votes to table five Democratic amendments.

The vote extends amendment debate into the coming days, with eight amendments currently pending on the Senate floor-- seven by Republicans and one Democratic -- and scores more submitted for potential votes.

Oil

Key issues and updates on the Keystone XL oil pipeline

WASHINGTON (AP) — The Senate is closing in on a vote to authorize the Keystone XL oil pipeline this week.

But the fate of the $8 billion project depends not only on what happens in Congress, but also in the courts, at the White House and with TransCanada, the pipeline's developer.

Oil

Montana oil spill estimate lowered to 30,000 gallons

BILLINGS, Mont. (AP) — Authorities have lowered their estimate of how much oil spilled from a broken pipeline beneath the Yellowstone River in eastern Montana, briefly contaminating the water supply of a city downstream.

U.S. Environmental Protection Agency spokeswoman Wendy Thomi said Monday that Bridger Pipeline Co. recovered about 20,000 gallons of crude from its pipeline. That's 10,000 gallons more than originally reported, meaning 30,000 gallons went into the river Jan. 17.

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