Pipeline builder Enbridge Inc. is investing nearly $4 billion in a new round of construction that will increase the flow of Canadian oil sands crude to the U.S. Gulf Coast.
Enbridge, Canada's largest transporter of crude, said Tuesday it will expand its Flanagan South Pipeline from Flanagan, Illinois to Cushing, Oklahoma to a 36-inch (.9-meter) diameter line with a capacity of 585,000 barrels per day.
As President Barack Obama pushes to fast-track an oil pipeline from Oklahoma south to the Gulf Coast, an American Indian tribe that calls the oil hub home worries the route might disrupt sacred sites holding the unmarked graves of their ancestors, The Associated Press reports.
TransCanada officials tell Bloomberg that the timetable for the southern portion of the Keystone XL pipeline, being given expedited treatment by President Obama, already is on track to start construction as early as June and so the new urgency will not speed things up.
Gallup discloses the latest poll on approval of the Keystone XL pipeline from Canada to Texas: 57 percent of Americans say they favor approval of the project, while 29 percent said they are opposed, The Hill reports.
Canadian proponents of TransCanada's Keystone XL pipeline applauded Barack Obama's directive on Thursday to expedite the approval process for the southern leg of the pipeline. They also urged the U.S. president to approve the northern leg.
Obama directed federal agencies to expedite a 485-mile (780-kilometer) line from Oklahoma to refineries on Texas' Gulf Coast that would remove a critical bottleneck in the U.S. oil transportation system, backing a segment of the larger Keystone XL project that he rejected earlier this year.
Backers of a proposal for a new Alaska pipeline to carry natural gas to the state's south coast to a new liquefaction plant hold out hope for a return to the state's boom times, the Financial Times reports.
An administration official tells USA Today that President Obama on Thursday will call for a fast-track construction of the southern portion of the Keystone XL pipeline, which unlike the northern portion that he blocked can go ahead without federal approval
A proposed natural gas pipeline opposed by groups in New York and New Jersey has won the endorsement of staff from the Federal Energy Regulatory Commission, which must decide on the $850 million project, The New York Times reports.
Rig shutdowns and layoffs triggered by lower oil prices added up to another decline in oil and gas payrolls in February, with the sector losing 1,100 jobs even though the overall economy saw job growth, FuelFix reports.
Sen. Tom Udall, D-N.M., says he’s “fighting” to protect children from “being pumped full of chemicals” as he negotiates new chemical safety legislation with Sen. David Vitter, R-La., but critics question the donations and support he has received from the industry, The New York Times reports.
More than 3,000 wells across the country have been drilled but not tapped, as companies like Apache Corp. and EOG Resources Inc. wait for the prices of crude to rise before pulling it out of the ground, effectively using the shale as storage, Bloomberg reports, citing data from research firms like Wood Mackenzie.
Energy companies whose collateral has shrunk as a result of the oil price slide are using different methods to deal with their debt: Some are refinancing with leveraged loans, others are selling bonds or stock or assets, Reuters reports.
Several Republican candidates who’ve voted to end ethanol subsidies and oppose the renewable fuel standard are set to speak to an agriculture industry gathering in Iowa this weekend, risking a backlash from America’s Renewable Future, the group that is promoting ethanol interests in the 2016 presidential campaign, The Wall Street Journal reports.
At a hearing Thursday, State Sen. Isadore Hall told Brian Ablett -- manager of Exxon Mobil's Torrance refinery -- that lawmakers would hold the company “accountable” for last month’s explosion at the facility, which Ablett said was caused by pressure in an emission control device that captures dust, the Los Angeles Times reports.
The Environmental Protection Agency’s inspector general has issued a report questioning EPA’s decision to use Title 42 authority to pay 23 employees salaries above the normal cap of $201,700 a year, The Hill reports.
House Natural Resources Committee Chairman Rob Bishop, R-Utah, is slamming the Interior Department’s “same old, same old” $13.2 billion budget request while ranking member Rep. Raul Grijalva, D-Ariz., praised the agency for bringing in more money than it spends through its energy leasing policies, The Hill reports.
Rep. Ted Lieu, D-Calif., told a hearing Thursday on the Torrance refinery explosion that he would ask the U.S. Chemical Safety Board to investigate the accident, while outside the hearing refinery workers issued warnings about safety practices, KCLA reports.
Concerns about attacks on oil facilities in Libya and Iraq pushed oil prices higher early Friday. U.S. benchmark crude increased 10 cents to $50.86 a barrel, while London Brent was 50 cents higher at $60.98, Reuters reports.