Home / Energy (page 650)

Energy

Mexico’s lower house quickly takes up energy bill

MEXICO CITY (AP) — Mexico’s lower house of Congress began a raucous, marathon debate expected to last through the night and well into Thursday on historic legislation that would open the state-run oil industry to private investment. Just hours after the measure passed the Senate on a 95-28 vote, members of the House of Deputies took up the bill after ...

Read More »

Chevron sets 2014 budget at $39.8 bln

chevron

Dec 11 – Chevron Corp, the second-largest U.S. oil company, said it plans to spend $39.8 billion on projects and exploration in 2014, about 5 percent below the expected 2013 spending. Investors are putting increased pressure on the world’s biggest oil companies to rein in spending and return more money to shareholders – a trend Royal Dutch Shell Plc recently ...

Read More »

Natural gas report indicated hidden environmental risks

Natural gas pipeline

Posted at Marcellus.com  by: Rachel Morgan, Beaver County Times, Pa. WASHINGTON, D.C. — There could be hidden environmental impacts of replacing coal with natural gas, a new report says. While burning shale gas instead of coal in power plants releases less than half the greenhouse gas emissions than coal, the shale boom also has set into motion additional sources of ...

Read More »

New Obama adviser will not work on Keystone XL

WASHINGTON (AP) — The White House says a new senior adviser to President Barack Obama will recuse himself from deliberations on the Keystone XL oil pipeline. John Podesta, a former chief of staff under President Bill Clinton, has spoken out against the pipeline. Podesta founded the Center for American Progress, a liberal think tank, and has spoken out against the ...

Read More »

Oil spill reaches Little Missouri River tributary

little missouri trail

By: JAMES MacPHERSON BISMARCK, N.D. — More than 28,000 gallons of an oily brine that’s a byproduct of oil production leaked from a tank in western North Dakota’s Billings County and reached a tributary of the Little Missouri River before freezing, the North Dakota Health Department said. Kris Roberts, an environmental geologist with the North Dakota Health Department, said Midland, ...

Read More »

How oil fracking will benefit you

By Sam Kennedy First fracking gave us more and cheaper natural gas. Now it promises to do the same for oil. TransCanada Corp. announced last week it would begin operations along the southern stretch of its Keystone XL pipeline on Jan. 3. This will allow a glut of crude oil extracted through fracking to be moved from stockpiles in Oklahoma ...

Read More »

Phillips 66 gets partner for algae-to-fuel effort

algae

By: Rod Walton Autotrophic, if not automatic, for the people. Phillips 66 hopes it can usher in a new generation of fuels by working with Sapphire Energy Inc. to convert algae into “green” crude oil, the Houston-based refining and research giant announced Tuesday. The work may take several years to complete. The agreement between Phillips 66 and Sapphire is designed ...

Read More »