03.15.2010
In a move likely to compound problems currently confronting oil refiners, credit rating firm Standard & Poors Tuesday placed four oil refining companies’ with speculative-grade ratings on “creditwatch” with negative implications, saying...
03.12.2010 | BY JOHNATHAN RICKMAN
In a move intended to remake the province as a destination for oil and natural gas drillers unhappy with 2008 royalty rate increases, the Alberta government announced policy changes Thursday that will lower the government’s revenue take from natural gas...
03.12.2010
Following months of parrying between the state’s politically divided House and Senate, Virginia Gov. Bob McDonnell Wednesday signed into law legislation that make it the expressed policy of Virginia to support oil and natural gas drilling 50 miles off...
03.12.2010
In its first foray into Brazil’s deepwater resources, BP plc Thursday announced it would pay $7 billion to acquire Devon Energy Corp.’s exploration blocks in Brazil’s prolific Campos Basin and other assets in the deepwater Gulf of Mexico and...
03.11.2010 | BY CHRIS HOLLY
In a new and potentially powerful argument for legislative action against climate change, new research released Wednesday concludes that using captured carbon dioxide for enhanced oil recovery could slash U.S oil imports in half by 2030 while permanently...
03.10.2010 | BY JOHNATHAN RICKMAN
The Senate was poised to approve late Tuesday a one-year extension of a biodiesel tax incentive that the industry says is crucial to maintaining its viability as it faces stiff competition from low-cost petroleum diesel. A proposed extension of the $1 per...
03.08.2010 | BY JOHNATHAN RICKMAN
In a finding that managed to perturb both wildlife groups and oil and natural gas industry officials—while also threatening wind, solar and transmission development in the West—the Interior Department’s Fish and Wildlife Service Friday...
03.04.2010 | BY JOHNATHAN RICKMAN
Amid GOP and industry charges of a secret Obama administration “land grab” to prevent drilling on many western lands through national monument designations, a senior Senate Republican from the West said Wednesday that he agreed that federal...
03.02.2010 | BY JOHNATHAN RICKMAN
Congressional Republicans last week charged the Obama administration with planning to “lock up” as much as 13 million of acres of land in 11 western U.S. states from use by oil and gas drillers, saying leaked Interior Department documents listing...
03.02.2010
Randall Luthi, former director of the Interior Department’s Minerals Management Service under the George W. Bush administration, Monday was named president of the U.S. trade association representing both offshore oil and gas drillers and renewable...
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