• Egypt militant group says it killed U.S. oil worker

    By MAAMOUN YOUSSEF, AP | Published: Mon, Dec 1, 2014

    CAIRO — An Egyptian militant organization allied with the Islamic State group has claimed responsibility for the killing of an American oil worker. Ansar Beit al-Maqdis, which now refers to itself as the Sinai Province, said on its official Twitter account late Sunday that it killed William Henderson. It published pictures of his passport and two identification cards. It did not say when or how it killed him. The passport said he was a 58-year-old from Texas and his identification cards said he worked for Texas-based energy company Apache Corp. and Qarun Petroleum Co., a joint venture with Egypt. Apache said in August that one of its supervisors had been killed in an apparent carjacking in Egypt’s Western Desert.

  • Plunging crude prices hammer energy companies

    BY THE ASSOCIATED PRESS | Published: Fri, Nov 28, 2014

    NEW YORK — A decision by OPEC this week to maintain current levels of oil production is hammering major energy companies in the U.S. and abroad. Many energy experts had expected the group of oil producing countries, which met in Vienna this week, to act to halt a free fall in the price of crude oil since this summer. A barrel of benchmark U.S. crude, which cost well above $100 as recently as June, had fallen to about $73 as of this week. OPEC announced Thursday that it would not cut production in hopes of hurting producers in the U.S. and elsewhere that have been flooding the market with crude and natural gas. The effect was immediate.

  • Senate Democrats reject bill to build oil pipeline

    BY DINA CAPPIELLO, Associated Press | Published: Tue, Nov 18, 2014

    WASHINGTON (AP) — The Democrat-controlled Senate has defeated a bill to approve the Keystone XL oil pipeline. The Senate's 59-41 vote Tuesday night was a nail-biter to the end. The bill needed 60 votes to reach the White House. The House passed it overwhelmingly last week. President Barack Obama did not support the bill, but the White House has been mum on whether or not he will veto it. Democrat Sen. Mary Landrieu pushed for the vote in an effort to save her seat in a Dec. 6 runoff election in Louisiana. She faces an uphill battle against Republican Rep. Bill Cassidy, who authored the House bill. All Republicans said publicly they supported the Senate bill, as did several moderate Democrats.