South Dakota Anti-Riot Law Blocked by Federal Judge
A federal judge in South Dakota blocked provisions of a new anti-rioting law signed by Gov. Kristi Noem earlier this year that aims to quash protests against the Keystone XL pipeline.
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Attack on Saudi Oil Sites Raises Risks Amid US-Iran Tension
A weekend drone attack on Saudi Arabia that cut into global energy supplies and halved the kingdom’s oil production threatened Sunday to fuel a regional crisis, as Iran denied U.S. allegations it launched the assault and tensions remained high over Tehran’s collapsing nuclear deal.
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Australian Oil Company Eyes Pristine Corner of West Texas
In the Permian Basin, the nation’s largest and most active oilfield surrounding the cities of Midland and Odessa in West Texas, pump jacks are as common as pickups and the industry’s presence is built into the fabric of daily life.
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House Committee Mulls Bills That Would Bar Offshore Drilling
Legislation barring offshore oil development along America’s coastlines and inside the Arctic National Wildlife Refuge has considerable support from voters of all political stripes but during a hearing Monday, Republicans foretold doom for bills that are slated for a vote in the House this Thursday.
Read moreFirms Under Fire for Helping N. Korea Evade Oil Sanctions
Accusing them of helping North Korea’s illegal ship-to-ship transfers to circumvent U.N. sanctions on Pyongyang petroleum, the United States announced penalties Friday against multiple firms and individuals in Taiwan and Hong Kong.
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BP Will Sell its North Slope Assets for $5.6 Billion
BP plans to sell its interests in Alaska’s once prodigious North Slope to a company with a reputation of giving new life to aging fields.
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In Snub to US, Freed Iranian Tanker Heads Toward Greece
An Iranian oil tanker the United States has accused of skirting sanctions against Syria has set sail from Gibralter, after the U.S. was unsuccessful in its efforts to keep the ship in port over the weekend.
Read moreGibraltar Rejects US Demand to Seize Iranian Oil Tanker
Gibraltar on Sunday rejected a U.S. demand to seize an Iranian oil tanker at the center of a diplomatic dispute as it prepared to leave the British overseas territory after weeks of detention.
Read moreUS Issues Warrant for Seizure of Iranian Tanker in Gibraltar
The U.S. Justice Department issued a warrant Friday for the seizure of the Iranian oil supertanker Grace 1, one day after a Gibraltar judge allowed the release of the detained vessel.
Read moreReport: Iran Seizes Tanker Carrying ‘Smuggled Fuel’ in Gulf
Iranian forces seized a ship in the Persian Gulf suspected of carrying smuggled fuel, state media reported Sunday, marking the Revolutionary Guard’s third seizure of a vessel in recent weeks and the latest show of strength by the paramilitary force amid a spike in regional tensions.
Read moreUN Compensation Panel Pays Out $270M for Kuwait Oil Company
A United Nations panel that oversees compensation claims stemming from Iraq’s 1990-1991 invasion of Kuwait says it has paid out $270 million to Kuwait’s national oil company.
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Chevron Spills 800,000 Gallons of Oil, Water in California
Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less devastating — than the state’s last two major oil spills.
Read moreBritain Sending Destroyer to Persian Gulf
Iran on Friday demanded the British navy release an Iranian oil tanker seized last week off Gibraltar, accusing London of playing a “dangerous game” and threatening retribution, while London said it was sending a destroyer to the Persian Gulf.
Read moreMoscow Accused of Funding Salvini’s Right-Wing Party
Opposition lawmakers in Italy on Thursday demanded that Interior Minister Matteo Salvini appear in Parliament about allegations that a covert Russian oil sale scheme was devised to fund his pro-Moscow League party.
Read moreBritain Says Iran Tried to Block Tanker in Gulf
The British navy said it prevented three Iranian paramilitary vessels from impeding the passage of a British oil tanker in the Strait of Hormuz early Thursday, a day after Iran’s president warned of repercussions for the seizure of its own supertanker.
Read moreFormer Guard Commander Says Iran Should Seize UK Oil Tanker
A former leader of Iran’s powerful Revolutionary Guard said Friday that the Islamic Republic should consider seizing a British oil tanker in response to authorities detaining an Iranian oil tanker off the coast of Gibraltar.
Read moreGibraltar Detains Syria-Bound Supertanker With Iranian Oil
Authorities in Gibraltar said they intercepted an Iranian supertanker Thursday that was believed to be breaching European Union sanctions by carrying a shipment of Tehran’s crude oil to war-ravaged Syria.
Read moreOPEC Extends Oil Production Cuts to Prop Up Prices
OPEC is extending its deal to cut production for another nine months to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand.
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Trump Administration Takes Legal Heat for Keystone Pipeline Permit
Conservation groups sued the Army Corps of Engineers on Monday over the “rubber-stamp approval” of a permit for the controversial Keystone XL oil pipeline.
Read moreOPEC Expected to Extend Production Cuts at Meeting
OPEC is deciding whether to extend its current deal to cut production by another six to nine months as the oil cartel faces a weakening demand outlook due to waning global growth. The decision by member representatives meeting Monday is complicated by tensions between the United States and Iran that have sent prices higher.
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