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U.S. House to hold hearing on oil export ban

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WASHINGTON – A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance. The House subcommittee on energy and power, chaired by Representative Ed Whitfield, will hone in on the 1975 Energy Policy and Conservation Act, drafted ...

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The $11 million science experiment

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Chickasha is an oil town. It was an oil town 50 years ago, and it’s an oil town today. Energy is linked to the city’s economy and its history. Over the last two years development of a shale province rich in petroleum and natural gas have created a resurgence and a new boom. Houses are being built, businesses are moving ...

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Proposed oil terminal would be biggest in volume

The Port of Vancouver viewed from the rooftops. (Photo: Jonathanfv via Wikimedia Commons)

By any measure, the size of the proposed oil terminal at the Port of Vancouver is eye-catching. The oil-by-rail facility would handle an average of 360,000 barrels of crude per day, or up to four oil trains daily. The terminal would dwarf anything currently operating in Washington. In fact, at full capacity, the proposal known as Vancouver Energy would handle ...

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Detroit-area man loses appeal over BP oil fraud

Signage for a BP petrol station is pictured in London July 29, 2014. REUTERS/Luke MacGregor

DETROIT — An appeals court won’t upset a 15-year prison sentence for a Detroit-area man who received $44,000 through a bogus claim from the BP oil spill in the Gulf of Mexico. Duane Montgomery challenged a federal judge’s decision to go beyond the guideline range. But the appeals court, in a 3-0 decision, found nothing unreasonable Monday. Montgomery, who once ...

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Clean energy groups join N.D.-Minn. energy appeal

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Clean-energy interests on Monday jumped into a Minnesota-North Dakota appellate court battle, hoping to reverse a federal court ruling that tossed out a 2007 Minnesota ban on new coal-fired electricity generation. Nine environmental and renewable energy groups and two energy experts filed four friend-of-the court briefs with the Eighth U.S. Circuit Court of Appeals challenging U.S. District Judge Susan Richard ...

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Hilcorp acquires LNG plant that supplies Fairbanks

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ANCHORAGE, Alaska — Hilcorp Corp. will buy the liquefied natural gas plant that supplies Fairbanks Natural Gas. The Alaska Journal of Commerce reports Hilcorp will buy the Point MacKenzie LNG plant from Titan Alaska LNG, a subsidiary of Fairbanks Natural Gas. Fairbanks Natural Gas President and CEO Dan Britton says the sale grew from discussions between Fairbanks Natural Gas and ...

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Oil industry swashbucklers hit by war, disease and shale boom

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CALGARY, Alberta, Nov 24 (Reuters) – The world has become a more difficult place for the small, intrepid Canadian oil explorers that roam the globe hunting for the next big petroleum discovery. Like the big-game hunters that once ranged Africa, these small-cap explorers and producers (E&Ps) call their quest for billion barrel-plus oil deposits “elephant-hunting,” and for many the thrill ...

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