Sen. John Hoeven, R-N.D., the lead sponsor of legislation that would authorize the Keystone XL pipeline, says President Barack Obama can extend an olive branch to the Republican-controlled Senate next year by signing the bill.
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Wins on Election Day gave Republicans more power to advance industry priorities such as Keystone XL and expanded opportunities for oil and gas drilling. More »
BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers. More »
The Obama administration is quadrupling its estimate of how much crude could be harvested from Arctic drilling leases it sold oil companies six years ago. Regulators also think there is a 75 percent chance of at least one large spill occurring in the area. More »
The government’s top energy analysts weighed into the debate on exporting crude Thursday, releasing a study asserting that the cost of gasoline inside the United States is closely tied to the price of international crudes, not domestic oil. More »
Free-market economists are launching an initiative to tout the promise of crude exports on Thursday, buttressing separate campaigns by oil companies and their allies on Capitol Hill. More »
ConocoPhillips’ plans for the first oil production facilities from federal lands in Alaska moved one step closer to reality on Wednesday, as the Interior Department released a critical environmental study on the project. More »
Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical. More »