US | Egypt Oil & Gas - Part 21

US President Vetoes Keystone XL Pipeline Bill

Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.

“No drama” for Keystone XL Pipeline Veto

The White House said Monday that President Obama doesn't plan on drumming up "a lot of drama or fanfare" when he vetoes legislation that would approve the Keystone XL pipeline.

Iran Parliamentarians to Impose Energy Sanctions on Europe

A large number of Iranian MPs are planning to prepare a bill to impose energy sanctions on the European countries, a lawmaker announced on Sunday.

New Offshore Rig Training Facility to be Opened by BP and Maersk

BP and Maersk training announced they are working together to provide offshore rig crew training in Houston. BP awarded Maersk, which has doubled its training operations in the last three years, a five-year training ...

BP Loses Appeal for Reduction in Oil Spill Fines

A federal judge has rejected an attempt by BP to lower the fines it faces from its catastrophic Gulf of Mexico oil spill in 2010.

Baker Hughes, Halliburton Issue Joint Proxy Statement

Halliburton and Baker Hughes have issued a joint proxy statement/prospectus relating to the merger of Baker Hughes into a wholly owned subsidiary of Halliburton.

Train Derailment in West Virginia Sends Oil Tanker into River

A train carrying crude oil derailed in southern West Virginia on Monday, sending at least one tanker into the Kanawha River and sparking a house fire, officials said.

North Dakota Oil Production Increases to Record Levels Despite Rig Count Drop

The number of barrels of oil produced per day in North Dakota set a record in December, but the tally of rigs in the oil patch has dropped precipitously since then, state regulators said Friday.

Texas Supreme Court Blocks BP’s $750 Million Insurance Claim

BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 mill ...

TransCanada Halts Efforts to Acquire Land for Keystone Pipeline

TransCanada Corp. will temporarily suspend efforts to seize Nebraska land for its much-delayed Keystone XL oil pipeline after landowners sued, in what is one obstacle the Canadian company still faces in the 1,179-mi ...

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