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Mar 14, 2013

Senators introduce bill to approve Keystone XL pipeline

WASHINGTON (Reuters) – A bipartisan bill introduced in the Senate on Thursday would give Congress the power to approve TransCanada Corp’s controversial Keystone XL pipeline that would link Canada’s oil sands to refineries and ports in Texas.

The measure, unveiled by John Hoeven, a North Dakota Republican, and Max Baucus, a Montana Democrat, would take approval of the more than 800,000 barrels per day pipeline project out of the hands of the Obama administration.

Mar 14, 2013

U.S. extends waivers on Iran sanctions to 11 countries

WASHINGTON (Reuters) – The United States extended 180-day waivers on Iran sanctions to Japan and 10 European Union nations in exchange for their cutting purchases of the OPEC nation’s crude oil, Secretary of State John Kerry said on Wednesday.

“Today’s determination is another example of the international community’s commitment to convince Iran to meet its international obligations,” Kerry said in a statement.

Mar 13, 2013

Ripe oil market offers window to amp up pressure on Iran: report

WASHINGTON (Reuters) – Global oil market conditions are ripe for the West to further pressure Iran over its nuclear program, but the window will likely close next year as fuel demand is expected to rise in Asia, a report to be released on Wednesday said.

For most of the past decade, a tight oil market limited the ability of Western countries to use sanctions to dampen the nuclear ambitions of Iran, one of the world’s top crude producers, said the report by the nonpartisan Securing America’s Future Energy and Roubini Global Economics.

Mar 6, 2013

Keystone XL critics now hang hopes on delaying the pipeline

WASHINGTON (Reuters) – After the Keystone XL oil pipeline cleared an important hurdle last week, critics of the project are searching for ways to force more of the delays that have dogged it for more than four years already.

The State Department said Friday that TransCanada Corp’s pipeline from the Alberta oil sands to Texas would not add to global greenhouse gas emissions because oil sands crude will make it to market whether or not the project is built.

Mar 2, 2013

U.S. review gives boost to Keystone oil pipeline

WASHINGTON, March 1 (Reuters) – The Keystone XL oil pipeline
got a boost on Friday when the U.S. State Department said the
project would not likely change the rate at which Canada’s oil
sands are developed, discounting warnings from environmentalists
that it would lead to a spike in greenhouse gas emissions.

The report is far from the last word on Keystone. The
environmental assessment must be finalized after the public
comment. Federal agencies will then have 90 days to work with
the State Department to determine whether the pipeline is in the
national interest, with U.S. President Barack Obama ultimately
able to approve or block the project.

Mar 1, 2013

State Department gives boost to Keystone pipeline in review

WASHINGTON (Reuters) – The Keystone XL oil pipeline got a boost on Friday when the State Department said the project would not likely change the rate at which Canada’s oil sands are produced, discounting fears it would be responsible for additional greenhouse gas emissions.

TransCanada Corp’s proposed project is “unlikely to have a substantial impact” on the development of Alberta’s oil sands, the world’s third richest oil deposit, the Department said in a long-awaited report of more than 2,000 pages.

Mar 1, 2013

US State Dept gives boost to Keystone pipeline in review

WASHINGTON, March 1 (Reuters) – The Keystone XL oil pipeline
got a boost on Friday when the U.S. State Department said the
project would not likely change the rate at which Canada’s oil
sands are produced, discounting fears it would be responsible
for additional greenhouse gas emissions.

TransCanada Corp’s proposed project is “unlikely to
have a substantial impact” on the development of Alberta’s oil
sands, the world’s third richest oil deposit, the Department
said in a long-awaited report of more than 2,000 pages.

Feb 26, 2013

South Korea firm had U.S. contract while investing in Iran gas: GAO

WASHINGTON (Reuters) – A South Korean construction company reported to have recently engaged in Iran’s energy sector had a contract with the U.S. government even as Tehran came under pressure for its disputed nuclear program, a U.S. government watchdog said on Monday.

Daelim Industrial Co had a nearly $1.5 million U.S. government contract to build family housing at a military base in South Korea at some point between mid-2011 and late 2012, the General Accountability Office said in a report on Monday. The GAO is the investigative arm of Congress.

Feb 21, 2013

U.S. oil, food groups petition Supreme Court over ethanol blend

WASHINGTON, Feb 21 (Reuters) – U.S. oil and food groups
petitioned the Supreme Court on Thursday to reverse a lower
court’s decision upholding the use of higher ethanol blends in
cars, another step in their struggling effort to put limits on
use of the renewable fuel.

The U.S. ethanol industry, which mostly makes fuel from
corn, has pushed for E15, which contains 15 percent ethanol, up
from the traditional blend containing 10 percent. They rejoiced
when the U.S. Environmental Protection Agency (EPA) in 2011
expanded use of E15 to cars built in 2006 and before.

Feb 7, 2013

Sanctions hurting Iran’s access to capital: U.S. report

WASHINGTON (Reuters) – Western sanctions targeting Iran’s nuclear program contributed to a steep drop in Tehran’s access to global sources of capital last year, the U.S. Treasury Department said in a report to Congress.

Foreign banks cut their lending exposure to Iran by the equivalent of $9.1 billion in 2012, down 53 percent, said the report, a copy of which was obtained by Reuters on Thursday.

    • About Timothy

      "I cover U.S. energy and environment policy and climate change. Moved to DC in late 2009 after a decade in New York. Author of "Diminishing Resources:Oil," which is one in a series of books for young adults."
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