Foreign

Energy billionaire T. Boone Pickens on Wednesday lashed out at recent U.S. oil import levels and urged Congress to reduce the nation’s foreign oil dependency.

The blowout of BP plc’s Macondo well and sinking of the Deepwater Horizon drilling rig nearly a year ago sent ripples around the globe, causing a number of foreign offshore producing nations take a hard look at their safety practices, particularly with respect to blowout preventers (BOP), energy ministers and officials said last Thursday.

The blowout of BP plc’s Macondo well and sinking of the Deepwater Horizon drilling rig nearly a year ago sent ripples around the globe, causing a number of foreign offshore producers to take a hard look at their safety practices, particularly with respect to blowout preventers (BOP), energy ministers and officials said Thursday.

The Department of Energy (DOE) has approved Freeport LNG’s request to export 511 Bcf of liquefied natural gas (LNG) annually to more than two dozen foreign countries with which the United States has free trade agreements involving natural gas and LNG.

The Department of Energy (DOE) has approved Freeport LNG’s request to export 511 Bcf of liquefied natural gas (LNG) annually to more than two dozen foreign countries with which the United States has free trade agreements involving natural gas and LNG.

Natural gas-fueled vehicles offer the strongest foreign oil-displacement message of all alternative fuel applications, and while there are only about 120,000 of them on U.S. roads now, they’re a growing force for energy independence and cleaner air, according to Richard Kolodziej, president of Natural Gas Vehicles for America (NGVAmerica).

Natural gas-fueled vehicles offer the strongest foreign oil-displacement message of all alternative fuels, and while there are only about 120,000 of them on U.S. roads now, they’re a growing force for energy independence and cleaner air, according to Richard Kolodziej, president of Natural Gas Vehicles for America (NGVAmerica).

The Commodity Futures Trading Commission (CFTC) said it will hold a public meeting Thursday (Jan. 14) to consider issuing a much-anticipated proposed rule on energy position limits and hedge exemptions on regulated futures exchanges, derivatives transaction execution facilities and electronic trading facilities.

The Commodity Futures Trading Commission (CFTC) would acquire new oversight authority of over-the-counter (OTC) commodity swaps, as well as derivatives traded on foreign exchanges under draft legislation released Friday by Rep. Barney Frank (D-MA), chairman of the House Financial Services Committee.