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Groups seek Supreme Court review of EPA's GHG regulations

Four oil and gas associations joined 20 other business groups on Apr. 18 in asking the US Supreme Court to review the US Environmental Protection Agency's regulation of greenhouse gases.

EPA critiques Keystone XL draft supplemental EIS

The US Environmental Protection Agency urged the US Department of State to look closely at alternative routes, including one that would closely parallel the existing Keystone crude oil pipeline, before finalizing its draft supplemental environmental impact statement for the proposed Keystone XL project.

US Supreme Court lowers curtain on an activist stage

The international oil and gas industry escaped a legal hazard on Apr. 17 when the US Supreme Court narrowed the geographic scope of an antique law on civil infractions involving noncitizens.

US can play constructive Western Hemisphere role, House panel told

The US should carefully consider how it can best help Latin American and Caribbean countries address their energy problems, witnesses told a US House subcommittee on Apr. 11.

Keystone XL pro-con debate heats up in Nebraska hearings

Calls for the Obama administration to authorize construction of the Keystone XL crude oil pipeline's final segment increased as the US Department of State began hearings on the project in Grand Island, Neb., on Apr. 18.

EIA: US household spending on home energy fell last year

US average consumer spending on home energy fell $12 billion in 2012 compared with 2011, the Energy Information Administration reported.

MARKET WATCH: Geopolitical pressure from Syria pushed up oil prices

Oil prices continued to rally Apr. 25 with the front-month crude contract climbing 2.4% in the New York futures market on speculation of US military intervention after US Defense Secretary Chuck Hagel said the Syrian government “likely” used chemical weapons “on a small scale” in its 2-year conflict with rebels.

EIA: Sanctions reduced Iran's oil exports and revenues in 2012

Iran’s crude oil and lease condensate exports last year fell to their lowest level since 1986 as the US and the European Union tightened sanctions targeting Iran’s oil sector, the US Energy Information Administration said.

US would generally benefit from LNG exports, House panel told

Authorizing more liquefied natural gas exports potentially could increase domestic gas prices, but the US would benefit overall, witnesses told a US House Foreign Affairs Committee subcommittee.

Gazprom to buy 92.25% of Kamchatgazprom

Directors of Gazprom have approved the acquisition of a 92.25% interest in Kamchatgazprom from Rosneftegaz in a deal that will give the company control over gas production, transmission, and distribution in Kamchatka Territory in far eastern Russia.

House panel begins US-Mexico trans-boundary treaty discussions

Congressional approval of the 2012 US-Mexico Trans-Boundary Hydrocarbons Treaty would produce significant benefits for both countries, witnesses told a US House Natural Resources subcommittee.

MARKET WATCH: Inventory surprises boost oil prices

A smaller-than-expected crude inventory increase and a large drop in gasoline stocks boosted oil prices Apr. 24 with the front-month crude contract climbing 2.5% in the New York futures market.

PwC analyzes first-quarter US unconventional deals

Mergers and acquisitions involving unconventional assets contributed to increased number of deals and total deal value during the first quarter 2013 compared with the same period last year, PwC US reported.

Oliver: Stopping Keystone XL would not keep oil sands in the ground

Defeating the proposed Keystone XL pipeline project would not keep Canada from producing crude oil from its oil sands, Natural Resources Minister Joe Oliver said during a visit to Washington.

MARKET WATCH: Crude flat; gas down in sluggish markets

Crude contracts for the next several months were essentially flat in a mixed New York futures market Apr. 23 while natural gas pulled back 0.7%.
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