Alabama Gulf oil spill trial can be heard by jury A judge says Alabama’s Gulf oil-spill-damage claims under the federal Oil Pollution Act can be heard by a jury. BP had moved to block a jury trial for the state, saying that neither the Oil Pollution Act nor admiralty law provides the right to a […]
BP motion to block Alabama Gulf oil spill claims jury trial denied Read More »
Tesla Motors stock up 3 per cent following announcement Tesla Motors says it will reveal a new product next month, but it’s not a car. CEO Elon Musk tweeted Monday that “a major new Tesla product line” will be revealed April 30. Tesla shares rose 3 per cent to $190.60 after the tweet. Musk said
Tesla Motors unveils new product – likely a battery – next month Read More »
Safety concerns increased for crude oil trains following explosive derailments BNSF has started taking additional safety measures for crude oil shipments because of four recent high-profile derailments in the U.S. and Canada, the railroad said Monday. Under the changes, BNSF is slowing down crude oil trains to 35 mph in cities with more than 100,000 people
Crude oil trains: BNSF to slow trains, increase inspections Read More »
US Mexico climate deal will see countries harmonize efforts, policies in climate change goals The United States and Mexico agreed to a joint task force on climate policy co-operation last week after Mexico announced its emissions will peak by 2026. Mexico anticipates the county’s emissions will then fall 22 per cent below “business as usual”
US Mexico climate deal: Climate change goals aligned Read More »
BlackRock, First Reserve invest $900M in Texas to Mexico pipeline Mexico’s state-owned petroleum company Pemex has signed an agreement giving two investment funds a 45 per cent stake in a Texas to Mexico natural gas pipeline in exchange for $900 million. The Los Ramones pipeline will transport natural gas from Texas to Mexico and is
Texas to Mexico pipeline funding secured Read More »
US Arctic drilling concerns include fragile environment, recent mishaps The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. The U.S.
US Arctic drilling: DOE advisory council pushes for exploration Read More »
Oil prices up 5 per cent Oil prices rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. They aim to oust Shiite rebels who forced
Oil prices up: Air strikes in Yemen lead supply disruption fears Read More »
North Dakota drill rig count below 100 for the first time in 5 years The North Dakota drill rig count in the state’s western oil patch has slipped below 100 for the first time in five years due to the sagging price of crude. There were 98 rigs drilling in North Dakota on Wednesday. That’s
North Dakota drill rig count to drop below 100 Read More »
Schlumberger subsidiary conducted business with Sudan and Iran The world’s largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than $232 million and one of its subsidiaries will plead guilty to trade sanctions violations, the Justice Department announced Wednesday. The criminal case against Schlumberger Oilfield Holdings Ltd. resolves a years long investigation
Schlumberger subsidiary pleads guilty to US trade sanctions violations Read More »
Republicans say fracking regulations will delay projects, Democrats say they are too mild Republican and Democratic lawmakers in the House have found something in common. Many have issues with the Obama administration’s new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing. Republicans say the new regulations, announced
New US fracking regs: Democrats, Republicans both unhappy Read More »
