VIENNA - The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations — Iran and Venezuela in particular — to increase production as they struggle with domestic turmoil and sanctions. After a meeting in Vienna, Emirati Energy Minister Suhail al-Mazrouei said the cartel decided to fully comply with its [Read more]
Zinke foundation in Montana land deal with Halliburton head
HELENA, Mont. - U.S. Interior Secretary Ryan Zinke's family is involved in a land deal with the head of an energy services giant that has business with the Interior Department. Politico first reported the Zinkes' dealings with Halliburton chairman David Lesar for a planned commercial development in Zinke's hometown of Whitefish, Montana. The charitable foundation created by Zinke and run by his wife, Lola, is allowing a company co-owned by Lesar and his family to use a portion of [Read more]
OPEC oil ministers gather to discuss production increase
VIENNA - The oil ministers of the OPEC cartel were gathering Tuesday to discuss this week whether to increase production of crude and help limit a rise in global energy prices. The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russia, a non-OPEC country that since late 2016 has co-operated with the cartel to limit production. Analysts expect the group to discuss an increase in production of about 1 million barrels a day, ending the [Read more]
South Dakota high court dismisses appeal against Keystone XL
PIERRE, S.D. - South Dakota's Supreme Court has dismissed an appeal from opponents of the Keystone XL oil pipeline, saying a lower court lacked jurisdiction to hear their cases. Groups fighting TransCanada Corp.'s pipeline appealed a judge's decision last year upholding regulators' approval for the pipeline to cross the state. But the high court ruled Wednesday that justices didn't "reach the merits of the case" because the lower court lacked jurisdiction to hear the appeal of the Public [Read more]
National rig count rises by 2 to 1,062; Texas gains 3
HOUSTON - The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 1,062. At this time a year ago there were 927 active rigs. Houston oilfield services company Baker Hughes reported Friday that 862 rigs drilled for oil this week and 198 for gas. Two were listed as miscellaneous. Among major oil- and gas-producing states, Texas added three rigs, Colorado increased by two and Louisiana gained one. Oklahoma and Wyoming declined [Read more]
National rig count rises by 1 to 1,060; Oklahoma gains 2
HOUSTON - The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 1,060. At this time a year ago there were 916 active rigs. Houston oilfield services company Baker Hughes reported Friday that 861 rigs drilled for oil this week and 197 for gas. Two were listed as miscellaneous. Among major oil- and gas-producing states, Oklahoma added two rigs, and Colorado, Texas, and Wyoming each added one. Louisiana lost two rigs. New [Read more]
Keystone XL developer showers Nebraska with campaign cash
LINCOLN, Neb. - The developer of the Keystone XL pipeline is showering Nebraska public officials with campaign cash as it fights for regulatory approval in a state that is one of the last lines of resistance for the $8 billion project. A political action committee for TransCanada Inc. has donated more than $65,000 to campaigns within the last year, mostly to Republican state lawmakers, the Nebraska GOP and Gov. Pete Ricketts, according to an Associated Press review of campaign disclosure [Read more]
Keystone XL: Disputed pipeline backed by Trump is focus of court hearing
BILLINGS, Mont. - Trump administration attorneys were due in a Montana courtroom Thursday to defend the disputed Keystone XL oil sands pipeline against environmental groups and Native American groups that want to derail the project. The 1,179-mile (1,800-kilometre) line proposed by TransCanada Corporation was rejected in 2015 by former President Barack Obama because of its potential to exacerbate climate change. President Donald Trump revived the project soon after taking office last year, [Read more]
Mountain Valley pipeline protester comes down after 57 days
ROANOKE, Va. - After 57 days and a food blockade orchestrated by law enforcement, the Mountain Valley Pipeline protester known as Nutty has descended from her perch atop a pole in Virginia. The Roanoke Times reports Nutty left the platform suspended from a 50-foot pole blocking a construction access road in Giles County on Wednesday. The U.S. Forest Service had prevented supporters from providing her with food and water since early April. She subsisted on energy bars and [Read more]
Zinke heckled as he pitches government, industry co-operation
BISMARCK, N.D. - Interior Secretary Ryan Zinke faced protests and a heckler Wednesday as he delivered a message of government co-operation at a large energy industry conference in North Dakota. Zinke told the crowd at the Williston Basin Petroleum Conference in Bismarck that government needs to be a better partner with the energy industry. His speech echoed one he gave at another major industry conference in Houston in March. "We have to work with industry," he told the crowd at [Read more]
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