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DOS gives federal agencies more time for Keystone XL comments

Apr 19, 2014

Eight federal agencies preparing comments on the proposed Keystone XL crude oil pipeline project’s cross-border permit received additional time, the US Department of State announced. It did not set a new deadline, but emphasized that the agency consultation process will not start over.

EIA: Gulf Coast crude oil inventories reach record level

Apr 17, 2014

Crude oil inventories on the US Gulf Coast reached a record high of 207.2 million bbl on Apr. 11, as a result of the continuing strong crude oil production growth, the opening of TransCanada’s Marketlink Pipeline, and a drop in crude oil inputs at Gulf Coast refineries due to seasonal maintenance, according to the US Energy Information Administration.

MARKET WATCH: Crude oil prices mixed on likely Libyan exports, Ukraine talks

Apr 17, 2014

Brent crude oil prices climbed above $109/bbl on the London market Apr. 16 while crude oil prices gained only marginally on the New York market as world oil markets received mixed signals from international political news, analysts noted.

US gas reserve growth in 2013 was robust, AGA estimates

Apr 17, 2014

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

GAO report links changed US refining outlook to main causes

Apr 16, 2014

Higher North American crude oil production, shrinking product markets, and a pair of federal regulations have significantly affected the US refining outlook, the US Government Accountability Office said in an Apr. 14 report.

PNR closes sale of Alaska subsidiary

Apr 16, 2014

Pioneer Natural Resources Co. (PNR), Dallas, has completed the sale of its subsidiary Natural Resources Alaska Inc. to Caelus Energy Alaska LLC, Dallas, for $300 million. PNR initially reported a sale price of $550 million.

MARKET WATCH: Crude oil prices fall as talks start on Ukraine

Apr 16, 2014

Prices for light, sweet crude oil fell modestly on the New York market Apr. 15 while gasoline futures reached their highest level since Aug. 29, 2013, pending the release of a weekly US government report on oil and product inventories.

GAO: Scant information exists about NEPA analyses’ costs, benefits

Apr 15, 2014

Little information exists about the costs and benefits of analyses required under the National Environmental Policy Act, the Government Accountability Office said. Federal agencies do not routinely track the costs, and there is no government-wide mechanism to do so, GAO investigators said they learned from officials at the US Environmental Protection Agency, White House Council on Environmental Quality, and other agencies.


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