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US delays review of Keystone XL pipeline

By Josh Lederman and Dina Cappiello WASHINGTON (AP) — The Obama administration is extending indefinitely the amount of time federal agencies have to review the Keystone XL pipeline, the State Department said Friday, likely punting the decision over the controversial oil pipeline past the midterm elections. The State Department didn’t say how much longer agencies will have to weigh in ...

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Shale brings mixed results for oil giants

 By COLIN EATON New York Times Service, Via The Bismark Tribune HOUSTON — Eons before the first wildcatters smelled oil in West Texas, massive slabs of eroded sediment had fused and folded into thick bands underground, trapping the primordial sludge in layers of earth too deep to reach until modern-day engineers discovered a way. The technological breakthroughs of the past ...

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SEC Charges Former BP Employee with Insider Trading During the Deepwater Horizon Oil Spill

gulf oil spill

FOR IMMEDIATE RELEASE 2014-77 Washington D.C., April 17, 2014 — The Securities and Exchange Commission today charged a former 20-year employee of BP p.l.c. and a senior responder during the 2010 Deepwater Horizon oil spill with insider trading in BP securities based on confidential information about the magnitude of the disaster.  The price of BP securities fell significantly after the April ...

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Gas prices continue climb — and more hikes coming

gas pump girl

Claudia Grisales for Austin American-Statesman At a Shell station in East Austin on Thursday, Monica Martinez filled the tank on her Chevrolet SUV — and could only watch as the dial spun higher and higher on the gas pump. “My pocketbook noticed it way before I did,” said Martinez, a 46-year-old school administrator. “My credit card is trembling right now.” ...

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Pa. coal emissions plan criticized as too lenient

Don Hopey for Pittsburgh Post-Gazette Pennsylvania’s proposal to control smog-forming emissions from coal-fired power plants sets limits so lax that most of those facilities could continue to operate without the pollution controls they’ve already installed, just as they’re doing now, according to two environmental organizations that have reviewed the rules. The Sierra Club and the Clean Air Council review found ...

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Railroad Commission candidate pledges divestiture

Ryan Sitton

by Joshua Fechter for San Antonio Express-News AUSTIN — Following weeks of criticism from a political rival, a Republican candidate for the Texas Railroad Commission, Ryan Sitton, said Thursday that if elected, he would step down from his oil and gas firm to avoid a potential conflict of interest. The Railroad Commission is the state agency that regulates oil and gas. ...

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Renewable-energy backers tout support in Ohio poll

wind farm

By Dan Gearino, The Columbus Dispatch  More than 70 percent of Ohioans support the state’s renewable-energy requirements, according to a poll paid for by a clean-energy business group. The poll results were released this week as the Ohio Senate is considering a proposal that would rewrite the requirements. State law says that electricity utilities must meet an escalating series of benchmarks for ...

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Midland oil company makes public plans for IPO

jack

Corey Paul, The Odessa American, Texas The Midland oil and gas company Parsley Energy Inc. recently made public its plans to raise up to $400 million in an initial public offering filed confidentially with federal regulators in December. Meanwhile, company officials also plan to move the headquarters from Midland to Austin this year, Parsley’s General Counsel Colin Roberts confirmed. The ...

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