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Oil & Gas

Lawmakers urge Obama to open up strategic petroleum reserve

WASHINGTON — Three democratic lawmakers are urging President Obama to open up the nation’s strategic petroleum reserve to combat skyrocketing fuel prices, Reuters reported. In a letter to Obama,
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Chesapeake plans to double oil, natural gas production by 2015

HOUSTON — Chesapeake Energy Corp. said it plans to more than double its oil and liquids production by 2015 as the natural gas giant aims to become one of
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Colorado oil firm wants to build pipeline from North Dakota to Minnesota

BISMARCK, N.D. — Colorado-based Saddle Butte Pipeline LLC says it wants to build an oil pipeline from western North Dakota’s oil patch to a pipeline hub in northern Minnesota,
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Syrian oil pipeline bombed, opposition blames gov’t

HOMS, Syria — An oil pipeline in Homs, Syria, was bombed Wednesday, sending a plume of black smoke from the Syrian city, but it remains unclear who was behind
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Florida to spend $22.5 million on Port of Tampa petroleum facility upgrade

TAMPA, Fla. — Florida Gov. Rick Scott announced Saturday that the state will spend $22.5 million to upgrade and modernize the petroleum facility at the Port of Tampa, SunshineSlate.com
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Ohio AG seeks tougher laws for oil & gas drilling industry

COLUMBUS, Ohio — Ohio Attorney General Mike DeWine called for tougher environmental laws for the oil and gas industry Wednesday and advocated disclosures of the chemicals used in hydraulic
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North Dakota oil drillers set new pumping record in 2011

BISMARCK, N.D. — Oil drillers in North Dakota produced a record 152.9 million barrels of crude in 2011, wjactv.com reported. The numbers, reported Wednesday by the state Industrial Commission,
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BASF to build second biodiesel chemical plant in South America

LUDWIGSHAFEN, Germany — Chemical giant BASF SE announced it may start building its second factory in South America for sodium methylate, a catalyst used for biodiesel production, within two
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Soybean oil spill shuts down Interstate 275

HEBRON, Ky. — A tanker truck spilled 200 gallons of soybean oil Tuesday evening, shutting down two westbound lands of Interstate 275 near Hebron, Ky., NKY.com reported. The spill
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Higher oil prices boost Conoco''s profit by 66 percent

HOUSTON — ConocoPhillips said Wednesday its fourth-quarter earnings rose 66 percent thanks to higher oil prices and despite a drop in production and weak refining profits, The Wall Street
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