PetroBakken Energy Ltd., Calgary, has received shareholder approval for a name change, effective immediately, to Lightstream Resources. Ltd.

Crude prices continued falling but at a faster pace May 22, down 2% in the New York futures market on disappointing inventories, a stronger dollar, and lackluster progress in the US economy.

Virginia’s two US senators, Democrats Mark R. Warner and Timothy M. Kaine, introduced legislation that would revise the US Bureau of Ocean Energy Management’s 2012-17 Outer Continental Shelf program by restoring to the schedule a lease sale off the state’s coast.

The US House approved Rep. Lee Terry’s (R-Neb.) bill to bypass the White House and congressionally authorize construction of the Keystone XL crude oil pipeline’s northern segment by 241 to 175 votes on May 22.

European officials and industry leaders have taken steps toward reviving energy-market reform and setting long-term targets for renewable energy.

Qatar Petroleum International (QPI) agreed to acquire a 15% stake in Total E&P Congo, stating this reinforces its commitment to invest in Africa.

Oil prices fell with front-month crude down 0.6% in the New York futures market May 21 as the US dollar rallied in expectation the Federal Reserve Bank would maintain current efforts to stimulate the national economy.