The window is open until Aug. 25 for public comment on the Texas Railroad Commission’s new rules regulating the state’s 426,000 miles of pipelines, aimed at providing more transparency when an operator tries to use the power of eminent domain to seize land, the Star-Telegram reports.
While companies including TransCanada Corp., Pioneer Natural Resources Co. and XTO Energy Inc. have sent in comments opposing the Environmental Protection Agency’s potential regulation of methane emissions from oil wells, a New Mexico regulator says improving pipeline infrastructure in areas like the Permian Basin would make capturing the gas more worthwhile for drillers, E&E reports.
The plan released by the Department of Transportation to improve oil train safety would have 15,000 older tank cars converted to carrying Canadian tar sands oil without performing any major retrofits, a prospect that alarms environmental campaigners, E&E reports.
With the world appearing to be awash in oil and demand in China slipping in July, prices were dropping again Wednesday. U.S. benchmark crude was down 17 cents to $97.20 a barrel in electronic trading on the Nymex, while in London Brent crude for September delivery fell for a fourth straight day, trading 24 cents lower to $102.78, Reuters reports.
The first shipment of crude since the end of a yearlong blockade has sailed from the Libyan port of Ras Lanuf, carrying 670,000 barrels in a tanker chartered by Austrian energy group OMV, National Oil Corporation said Wednesday, Reuters reports.
Mexico’s national oil company Pemex will get to keep the lion’s share of the country’s reserves, giving it a big head start even as the country opens its doors to private energy companies, sources told The Wall Street Journal.
The recent deal that pulled fracking measures off Colorado’s ballot in November notwithstanding, the public relations battle over the oil and gas industry in the state is continuing, and drilling services giant Halliburton has a new ad running to promote the company there, FuelFix reports.
A report from the International Energy Agency which points to ample crude supplies and lessening oil demand sent prices tumbling Tuesday. West Texas Intermediate crude fell 71 cents to $97.37 a barrel in trading on the New York Mercantile Exchange, while in London Brent crude dropped 1.6 percent to settle at a 13-month low, down $1.66 to $103.02, Bloomberg reports.
Refiners Axeon Specialty Products and LyondellBasell NV are refusing to accept delivery of Kurdish crude until the legal cloud over its ownership is lifted, leaving the tankers Minerva Joy and United Kalavrvta waiting, anchored outside U.S. waters, Reuters reports.
The Energy Department's statistics wing on Tuesday offered drivers who have enjoyed declining gasoline prices more good news: The pain at the pump should continue to lessen.
In its monthly short term energy outlook, the Energy Information Administration said the prime driver of gasoline costs, crude oil prices, should remain steady for the rest of the year despite record U.S. refinery demand.
The power substation in San Jose where a sniper attack last year raised concern about the security of the country’s grid has been breached again, according to Pacific Gas and Electric, which said thieves cut through a fence and stole some equipment, The New York Times reports.
A corn ethanol plant at the Port of Indiana-Mount Vernon, which Valero Energy Corp. bought in March, has restarted, FuelFix reports. It is expected to boost the company’s output to 1.3 billion gallons a year, making Valero the country’s third-largest ethanol producer.
Oil looks set to finish out the week higher in the wake of another positive piece of data on the U.S. economy, news of an unexpected rise in consumer confidence. West Texas Intermediate crude for October delivery was up 66 cents to $95.21 a barrel on the Nymex, while in London Brent crude settled 35 cents higher to $102.81, Bloomberg reports.
Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.
Sen. Mary Landrieu, D-La., listed her parents’ home in New Orleans as her address in filing last week to qualify for the ballot in Louisiana, prompting some critics to question her residency status, The Washington Post reports.
Clean Air Act violations for the release of phosgene, methyl chloride and oleum at a West Virginia facility between 2006 and 2010 will cost DuPont $1.3 million in fines, the Environmental Protection Agency and the Justice Department said in announcing a settlement, The Hill reports.
A project to build a big $25 billion water tunnel system in Northern California poses water quality problems to the Sacramento-San Joaquin River Delta and a possible threat to smelt and salmon, the Environmental Protection Agency said in a letter accompanying comments posted online, the Los Angeles Times reports.