IN THE NEWS

Oil

NEWS
May 10, 2013 | By Marilynn Marchione, Associated Press
Eating fish is good for your heart, but taking fish-oil capsules does not help people at high risk of heart problems who are already taking medicines to prevent them, a large study in Italy found. The work makes clearer who does and does not benefit from taking supplements of the good oils found in fish such as salmon, tuna, and sardines. Previous studies have suggested that fish-oil capsules could lower heart risks in people with heart failure or who have already suffered a heart attack.
BUSINESS
April 13, 2013 | Associated Press
WASHINGTON - Iraq's northern Kurdish region is pressing the Obama administration to remain neutral in a dispute with the central government over whether it can export oil and gas without Baghdad's approval. The Kurdish Regional Government's energy minister, Ashti Hawrami, was meeting with administration officials Friday following recent talks with Turkey about completing pipelines, over Baghdad's objections, that could vastly expand the Kurds' ability to directly sell oil and gas. The U.S. opposition to the Kurds' energy deals has put it at odds with NATO ally Turkey amid concerns that the dispute over dividing Iraq's energy wealth could threaten that country's stability.
BUSINESS
April 6, 2013 | By Andrew Maykuth, Inquirer Staff Writer
Penn Virginia Corp., which has a long history in the coal and gas business, is becoming more oily. The Radnor energy company announced that it was dramatically expanding its holdings in the oil-rich Eagle Ford Shale in south Texas with the acquisition of 19,000 acres of prospective and producing leases for $401 million. The company agreed to buy the leases from Magnum Hunter Resources Corp. The acreage contains estimated proved reserves of 12 million barrels of oil equivalent.
NEWS
April 1, 2013
Satirist is out on bail in Egypt CAIRO - A popular TV satirist known as Egypt's Jon Stewart was released on bail Sunday after nearly five hours of interrogation over allegations that he broke the law by insulting Islam and the president. Bassem Youssef is the most prominent critic of Islamist President Mohammed Morsi to be called in for questioning in recent weeks in what the opposition says is a campaign to intimidate critics amid wave after wave of political unrest in deeply polarized Egypt.
NEWS
March 23, 2013 | By Jane M. Von Bergen, Inquirer Staff Writer
Two foreign shipping companies were fined $10.4 million in a federal criminal case after pleading guilty Thursday in Newark, N.J., to dumping oil illegally into the ocean and then doctoring records to cover it up. Of the $10.4 million, $2.6 million will be used to conserve, preserve, and restore coastal areas of New Jersey and Delaware affected by Hurricane Sandy. Because the ships had visited ports in Delaware and Carteret, N.J., the Coast Guard became involved. Paul Fishman, the U.S. attorney for New Jersey, and Todd Wiemers, the Coast Guard deputy commander of the Delaware Bay sector, announced the penalties.
BUSINESS
March 7, 2013 | By Jonathan Fahey, Associated Press
HOUSTON - Venezuela, which is a member of OPEC and sits on the world's second-largest oil reserves, faces near-term political uncertainty after Hugo Chavez's death that could bring further turmoil to its beleaguered oil industry. Even under the best circumstances it would take years to increase production and exports, analysts say. Venezuela's oil industry saw exports fall by nearly half during Chavez's time as president. He died Tuesday. But any new government would have a powerful economic incentive to make that a priority.
NEWS
March 7, 2013
The death of Venezuelan President Hugo Chavez has the potential to birth a dramatic change in his oil-rich country's relationship with the United States. But it may take years to materialize, if it ever does. Much will depend on how far the Obama administration is willing to go to encourage Chavez's successor. Before Chavez's death Tuesday, Vice President Nicolas Maduro had implied that the United States had somehow given the president cancer. That absurd assertion contrasts with foreign policy analysts' assessment that if Maduro succeeds Chavez, he won't try to be the same type of revolutionary leader, and he may seek closer ties with America.
ENTERTAINMENT
March 6, 2013 | ASSOCIATED PRESS
NEW YORK - Reaction in the oil market to the death of Venezuelan President Hugo Chavez was muted Tuesday, with the price of crude rising slightly in electronic trading in New York. Chavez, 58, battled cancer for two years. In December, he underwent what officials described as a complicated six-hour, cancer-related surgery. The full impact of his death on the oil market may not be known until Venezuela elects new leadership. In the short term, analysts expect the country's long decline in oil production to continue.
BUSINESS
March 1, 2013 | By Linda Loyd, INQUIRER STAFF WRITER
The oil refinery in Trainer owned by Delta Air Lines received its first shipment of Bakken crude oil from North Dakota on Feb. 12. The test shipment traveled in more than 100 rail cars to Albany, N.Y., where it was moved to a ship, and transported to Delta's docks in Trainer. "We are still evaluating our crude sourcing options. We don't currently have a facility to off-load from rail at Trainer," Delta spokesman Trebor Banstetter said. "If we decide to go ahead fully into the Bakken to get our crude, then we would invest in some rail facilities there, and it would come by rail all the way to the refinery.
« Prev | 1 | 2 | 3 | 4 | 5
|
|
|
|
|