Rep. Jeff Landry, R-La., has been worried about a backlog in government processing of permits to plug abandoned wells, but today he reported new progress on the issue. More »
Average gasoline prices across Texas are up 4 cents from last week to average of $3.61 for regular unleaded, but Houston’s price are a few cents lower than that.
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The U.S. State Department still plans to decide sometime this year whether to allow TransCanada to build its Keystone XL pipeline that would carry oil across the Plains to refineries near the Gulf of Mexico.
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Natural gas futures advanced for the first time in three days in New York on forecasts of above- normal temperatures across much of the U.S. that may boost air- conditioning demand through the first week of August.
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BP Plc, Europe’s second-largest oil company, won approval from India’s Cabinet for a $7.2 billion deal to buy stakes in Reliance Industries Ltd.’s oil and natural gas blocks, five months after announcing the accord.
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Posted onJuly 22, 2011 at 10:47 ambyBloomberg in Oil | 1
Crude oil increased today after the International Energy Agency announced it won’t extend a release of stockpiles and as European leaders met to discuss the region’s debt, bolstering the euro against the dollar.
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ExxonMobil Pipeline Co. crews have finished initial cleanup work on four sites contaminated when a pipeline carrying crude oil broke underneath the Yellowstone River three weeks ago.
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The Federal Energy Regulatory Commission passed a long-anticipated rule that makes it easier to build high-voltage power lines throuhg many states and jurisdictions.
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