Energy market analysts including IHS Inc. say the U.S. ban on exports of crude oil will continue to weaken as the Commerce Department allows exceptions for different varieties of crude, eventually making the restriction obsolete through attrition, Bloomberg reports.
LOS ANGELES (AP) — Bald eagles have expanded their range in the Channel Islands off the coast of California, where a nesting pair has been found on San Clemente Island for the first time in more than 50 years, an official said Thursday.
The discovery means bald eagles have re-established territories on five of the eight islands in the chain and experts expect their return to all eight islands within a few years.
Though BP lost as much as $4.4 billion in market value on Thursday as investors reacted to new Western sanctions on Russia, analysts say the company won't see much effect from the sanctions despite its significant investment in Rosneft, FuelFix reports.
Oxfam America says it will file suit against the Securities and Exchange Commission unless the SEC moves to expedite a rule to require mining and energy companies to disclose their payments to foreign governments, The Hill reports.
Senate Appropriations Homeland Security Subcommittee hearing, "Insuring our Future: Building a Flood Insurance Program We Can Live With, Grow With, and Prosper With." Witnesses include Federal Emergency Management Agency Administrator Craig Fugate.
Some ten percent of natural gas produced in drilling fields like those in the Bakken and Eagle Ford shale – most of which is methane -- leaks into the atmosphere, according to a study published in the journal Earth’s Future, E&E reports.
An increase in a Chinese manufacturing index combined with faster-than-expected growth in European industrial activity helped boost oil prices early Thursday. U.S. benchmark crude gained 20 cents to $80.72 a barrel in electronic trading on the Nymex, while in London Brent crude was up 25 cents to $84.96, Reuters reports.
California Resources Corp., a production unit that Occidental Petroleum Corp. is planning to spin off next month, saw a drop in net income to $188 million from July to September, which it attributed to lower crude prices and higher production costs, FuelFix reports.
Kinder Morgan’s $44 billion move to combine its companies will go to shareholders for a vote Nov. 20, the company said Wednesday, claiming the step “paves the way for superior growth,” FuelFix reports.
With $9.5 million laid out so far this year on lobbying -– according to figures in disclosure reports filed with the Senate –- Koch Industries has outspent Exxon Mobil and funneled significantly more into advocacy than it did in 2013, E&E reports.
Cabot Oil & Gas and Vera Scroggins return to court in Pennsylvania next week in another chapter of their long-running legal fight, with the 63-year-old anti-fracking activist potentially facing fines or time in prison, NPR’s StateImpact Pennsylvania reports.
State Department energy envoy Amos Hochstein says the federal government won’t get involved in the dispute between Baghdad and the Kurdistan Regional Government in Iraq over ownership of oil on board the tanker United Kalavrvta, which has been sitting off the coast of Galveston for months, Platts reports.