Exxon CEO says delays in gas export permits hurt U.S.

WASHINGTON (Reuters) - Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil Corp said on Thursday.

Tweaking U.S. tax code could spur green energy: senator

WASHINGTON (Reuters) - A freshman Democratic senator thinks he may have found a way to encourage investment in wind, solar and biofuel projects without sapping too many taxpayer dollars or injecting new venom into a bitter partisan battle over energy incentives.

On Our Radar: Gas, Gas and More Gas

With a mild winter in much of the country having tamped down gas demand and with production of natural gas thriving due to the success of hydraulic fracturing technology, a.k.a. “fracking,” the country is running out of storage space and as a result some producers are slowing down, the Associated Press reports.

Obama Finds Oil in Markets Is Sufficient to Sideline Iran

WASHINGTON — After careful analysis of oil prices and months of negotiations, President Obama on Friday determined that there was sufficient oil in world markets to allow countries to significantly reduce their Iranian imports, clearing the way for Washington to impose severe new sanctions intended to slash Iran’s oil revenue and press Tehran to abandon its nuclear ambitions.

Gasoline Advances as Inventories Fall to Lowest Level Since May

Aug. 31 (Bloomberg) -- Gasoline futures advanced after the Energy Department reported inventories of the motor fuel fell to the lowest level since May as drivers filled their tanks before Hurricane Irene.

Futures rose as much as 1.3 percent as gasoline stockpiles fell 2.8 million barrels to 208.6 million last week. Imports to the U.S. East Coast declined 28 percent to 591,000 barrels a day, during the week ended Aug. 26 as Hurricane Irene approached the region, department data showed.

US govt to train PHL forces in energy exploration security

Filipino naval forces assigned to secure oil and gas exploration activities are set to undergo training from the US government, according to the Energy Department.

The Department of Energy (DOE) and Department of National Defense (DND) will be buying military equipment from the US within a three-year period in exchange for the training services.