The U.S. State Department released about 100,000 public comments it has received on TransCanada Corp.’s proposed Keystone XL pipeline, the first batch of more than 1.2 million submitted to the agency on the project.
InsideClimateNews.org -- U.S. oil production is suddenly growing so fast that some analysts are questioning how much the country really needs the Canadian tar sands oil that would move through the proposed Keystone XL pipeline.
Returns for tankers hauling gasoline to the U.S. from Europe slumped, set for the biggest weekly drop since February, amid speculation the highest stockpiles of the auto fuel in 14 years are curbing demand.
As the U.S. sets records for natural gas production, the specter of shortages and surging prices has been replaced by a debate over how much to sell overseas. The bounty has fueled speculation President Barack Obama is ready to expand exports.
BP Plc, Europe’s second-largest oil company, expects to start its proposed deep-water drilling campaign off southern Australia in late 2015 or early 2016 and to obtain a drilling rig before the end of this year.