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Energy

The total costs of crude oil

exxon valdez

 By E. KIRSTEN PETERS Energy companies work night and day to bring us oil and the many products made from it. Most of that work is uneventful and unseen by the public. But when things go wrong, a disaster of epic proportions can ensue. Twenty five years ago — on the night of March 23, 1989 — the Exxon Valdez ...

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EDITORIAL: Energy market

screen

Coal continues to lead the way when it comes to West Virginia’s exports, despite a decline of 26 percent over the previous year. U.S. Census figures released last week show we exported $8.4 billion worth of products in 2013, which was the third-highest total in state history, but below the record $12.3 billion in exports in 2012. Coal was our ...

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Calley signs bills cutting taxes for oil drilling

tax cut

LANSING, Mich. (AP) — Michigan’s Lt. Gov.Brian Calley has signed legislation aimed at encouraging a type of oil drilling using carbon dioxide. The new laws lower taxes for drilling projects involving carbon dioxide, a process that has divided environmental groups. The technique involves using carbon dioxide to push oil from wells that otherwise is unrecoverable. The new laws also allow oil and gas ...

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Canada safety board urges faster phase-out of old rail tankers

reuters Lac Megantic

By Randall Palmer OTTAWA, April 1 (Reuters) – The Transportation Safety Board of Canada renewed its call on Tuesday for the speedy phase-out of older oil-by-rail cars in light of last summer’s inferno that killed 47 people in an oil train explosion in the Quebec town of Lac-Megantic. “A long and gradual phase-out of older-model cars simply isn’t good enough,” Transportation ...

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Enable Midstream launches initial public offering

Enable Midsteam

By Jay F. Marks, Business Writer, NewsOK.com Enable Midstream Partners LP on Tuesday launched its initial public offering of 25 million common units representing limited partner interests in the pipeline firm formed last year by OGE Energy Corp. and Houston-based CenterPoint Energy Inc. The offering is being made only by means of prospectus from underwriters Morgan Stanley and Co. LLC, ...

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Moody’s: Marcellus Shale players to reap benefits even if gas prices drop

money

New York (Reuters) — Exploration and production (E&P) companies that extract natural gas from the Marcellus Shale play will benefit more than natural gas producers elsewhere in North America, and their advantage isn’t likely to change anytime soon, Moody’s Investors Services says in a new report, “Marcellus’ Natural Gas Bounty Rewards Early Adopters.” Marcellus producers’ low-cost, highly productive wells will ...

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Oil spill response grows: National Seashore affected, crews assemble in Brownsville

galveston spill cleanup

Mark Collette, Corpus Christi Caller-Times, Texas CORPUS CHRISTI — The response to the Galveston Bay oil spill expanded Monday as oil turned up more than 200 miles south along the Texas coast, including Padre Island National Seashore, and the numbers of dead and oiled animals grew. The Joint Incident Command — a group of state, federal and private sector responders — ...

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State officials recognize Permian Basin’s strong economy

oil pump

Midland was the third stop on a “listening tour” designed to help state officials decide how to implement House Bill 5, which is intended to update high school graduation requirements. But after a private meeting with local education and business leaders, the visiting state officials said they learned something that most Midlanders already know: The economy is strong and unemployment ...

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U.S. oil exports good for motorists, growth and jobs: Kemp

oil drums

By John Kemp, Reuters LONDON, April 1 (Reuters) – Lifting the ban on U.S. oil exports would cut gasoline and diesel prices for motorists, boost the national economy and create up to 300,000 new jobs, according to a study commissioned by the American Petroleum Institute (API). Allowing exports would boost national output by $38 billion per year by 2020, equivalent ...

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