Oil | featured news

Trains carrying more oil across US amid boom

Energy companies behind the oil boom on the Northern Plains are increasingly turning to an industrial-age workhorse - the locomotive - to move their crude to refineries across the U.S., as plans for new pipelines stall and existing lines can't keep up with demand.

 

Texas judge halts TransCanada oil pipeline

"They lied to the American people," Bishop said. Texas County Court at Law Judge Jack Sinz signed a temporary restraining order and injunction Friday, saying there was sufficient cause to halt work until a hearing Dec. 19. The two-week injunction went into effect Tuesday after Bishop posted bond. David Dodson, a spokesman for TransCanada, said courts have already ruled that tar sands are a form of crude oil. He said the injunction will not delay the project.

 

Exxon: US energy revival has staying power

Exxon says the energy renaissance in the U.S. will continue and predicts that North America will become a net exporter of oil and gas by the middle of the next decade. The oil and gas giant’s latest long-term energy outlook, released Tuesday, Dec. 11, 2012, says the rapid growth of production in the U.S., Canada along with improved energy efficiency will lead to more oil and gas being sent overseas.

 

Big miner buys pair of energy companies for $9B

Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to a huge copper mine in Indonesia....

 

BP suspended from new US gov't contracts

BP is being temporarily suspended from new contracts with the U.S. government, the Environmental Protection Agency says.

 

Coast Guard: Body Found Near Burned Gulf Oil Rig

Divers hired by the owner of an oil platform in the Gulf of Mexico that caught fire recovered a body in the waters near the site Saturday evening, according to the U.S. Coast Guard and the rig's owner.

 

Search for 2 missing after oil rig blast continues

Oil Rig Explosion

Coast Guard crews continued searching for two workers missing after an explosion and fire aboard a Gulf of Mexico oil rig on Friday that was apparently triggered by workers using a blow torch to cut a pipe.

 

Sierra Leoneans flock to vote with hope set on minerals boom

Sierra Leoneans crowded polling stations on Saturday to vote in a close-fought election they hope can rebrand their poor, war-scarred West African state as an emerging democracy with the potential for fast growth from mining and oil.

 

Oil rig explodes in Gulf; 2 missing, 4 medevaced

Oil Rig Explosion

Two people were missing and four people were airlifted to a hospital Friday after an oil rig exploded in the Gulf of Mexico some 17 miles southeast of Grand Isle, La., the U.S. Coast Guard told NBC News.

 

Canada looks to lure energy workers from the U.S.

In its quest to increase oil production, Canada is lobbying job fairs and air waves for laborers. California has become a prime target... With a daughter to feed, no job and $200 in the bank, Detroit pipe fitter Scott Zarembski boarded a plane on a one-way ticket to this industrial capital city.

 

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