The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. The announcement ends a more than decade-long battle that came to signify the debate over whether fossil fuels should be left in the Read More
Oil prices have risen sharply over the last few months. Normally, that's a recipe for a drilling frenzy from U.S. oil producers. But something strange is happening, or rather, not happening.Read More
OPEC and its allies said Thursday they are keeping oil production largely steady, even as crude prices stage a remarkable recovery, betting that a restrained approach will lay the groundwork for prices to climb even more.Read More
As part of his ambitious plan to address climate change, President Biden is revoking a key, cross-border presidential permit needed to finish the controversial Keystone XL pipelineRead More
Set aside the pandemic. Ignore the collapse in demand. Forget about the time oil prices went negative. Look at everything else that happened this year, and — Well. Oil still had a pretty terrible year.Read More
Just two weeks before President-elect Joe Biden takes office, the Trump administration is trying to lock-in oil and gas drilling in Alaska's Arctic National Wildlife Refuge with a hastily scheduled and controversial lease sale. But despite the high stakes, uncertainty looms over how much oil is actually trapped under the million acres of tundra up for leasing, and how much Read More
A train carrying crude oil derailed and caught fire in Whatcom County Tuesday morning, prompting officials to evacuate all nearby residents and businesses for several hours.Read More
The Jan. 6 auction was set before the end of the comment and nominations period. If leases are finalized before Joe Biden takes office, they could be difficult to revoke.Read More
When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty. Read More
A federal judge has ordered the Army Corps of Engineers to produce a full environmental review. Until then, oil must stop flowing through the controversial pipeline.Read More
The EPA does not require companies to notify federal regulators if the pandemic interferes with pollution monitoring or reporting. That leaves states alone on the front lines of pollution control.Read More
The Trump administration on Monday moved to block a Washington state law that imposed safety restrictions on oil shipments by rail following a string of explosive accidents.Read More
Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling in deeper and deeper waters, where payoffs can be huge but risks are greater than ever.Read More
Oil prices and stock indexes were in freefall Sunday after Saudi Arabia announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the United States and Europe.Read More
The Trans Mountain expansion, which would add more than 600 miles to the pipeline and increase its capacity from 300,000 barrels per day to 890,000, has been mired in controversy and legal battles since Canada's cabinet first approved the project in 2016.Read More
The Pentagon on Friday announced it will deploy additional U.S. troops and missile defense equipment to Saudi Arabia and the United Arab Emirates, as President Donald Trump has at least for now put off any immediate military strike on Iran in response to the attack on the Saudi oil industry.Read More
Chemical experts say recent refinery explosions could have been far more devastating if deadly hydrogen fluoride was released. Some are calling for a ban on the chemical.Read More
The Interior secretary touted the revised rules as eliminating "unnecessary regulatory burdens while maintaining safety." But environmental groups said the move demonstrates oil industry influence.Read More
Analysts say a perfect storm is making Wyoming, the country's largest coal state, more favorable for oil and gas. Higher oil prices are certainly one factor, says Carl Larry, who advises oil and gas companies with the financial consulting firm Refinitiv in Houston.Read More
Oil prices dropped below $60 a barrel on Black Friday, the lowest price in a year. While President Trump credits Saudi Arabia for what he says amounts to a "tax cut," the reality is more complicated.Read More
A Canadian federal judge has halted construction of a pipeline that would have sent more oil tankers through Washington waters.Read More
The government of Canadian Prime Minister Justin Trudeau has announced that it is buying the pipeline from Texas-based Kinder Morgan. The pipeline, built in 1953, currently carries 300,000 barrels of heavy tar sands oil daily from Alberta to British Columbia and refineries in Washington state.Read More
Tribal leaders from Canada are on their way to Texas to warn Kinder Morgan stockholders against expanding its controversial Trans Mountain Pipeline project. The pipeline brings Canadian oil to Washington state.
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The long-proposed Vancouver Energy oil terminal project officially died Tuesday. Vancouver, Washington, port commissioners made it official by unanimously voting to cancel the lease.Read More
In early 2018, Washington Gov. Jay Inslee will make a final decision on whether to permit the Vancouver Energy Project -- the largest proposed oil-by-rail terminal in the country.Read More