- Double Victory For Chevron in Ecuador Pollution Case
February 17 2012 12:11 PM
Chevron, the No. 2 U.S. energy company, won two small legal victories this week that could lessen potential liabilities over alleged pollution in South America. A court in Ecuador had previously levied an $18 billion fine.
- Drilling Mud Spilled in Alaska's North Slope
February 16 2012 11:44 AM
Spanish oil producer Repsol, in the news in recent weeks for starting deep-water oil exploration off Cuba, is on Thursday expecting crews from Texas to help control a blowout in one of its Alaska exploration wells.
- ConocoPhillips Gets Renewal OK for Idled Philadelphia Area Refinery
February 16 2012 11:38 AM
The Pennsylvania Department of Environmental Protection Thursday issued a renewed pollution discharge permit for ConocoPhillip's idled refinery in Delaware County.
- High Oil Prices Nudging Gasoline Prices Upward
February 15 2012 5:40 PM
Gas prices on average have gained 12 cents a gallon in just the last month, the AAA reports. At an average $3.51 a gallon, that's 38 cents above 2011. What's happening?
- Hydraulic Fracturing's Next State: Maryland May be Next
February 15 2012 2:31 PM
The Maryland legislature will take up legislation that would have oil and natural gas companies pay $10 for every acre leased for natural gas drilling to fund a hydraulic fractruring economic feasibility and environmental impact study.
- Kurdistan Oil: ExxonMobil Warned Contracts with Kurdish Officials Could Bar It From Iraqi Auctions
February 15 2012 11:52 AM
A spokesman for Iraq's Deputy Prime Minister for Energy Affairs announced this week that ExxonMobil would be barred from the country's fourth round of oil and natural gas auction.
- How Much Oil Does Cuba Have?
February 14 2012 2:32 PM
With Repsol exploring for oil in Cuban waters, just how much recoverable oil could there be?
- Reversal of Fortune: Venezuela Could Be Biggest Beneficiary of New Cuban Oil
February 14 2012 2:30 PM
Oil-rich Cuba is starting to drill offshore by awarding a contract to Spain's Repsol. But the Bolivarian Republic of Venezuela could be the biggest beneficiary.
- Global Growth Expectations Highest Since July -Fund Managers
February 14 2012 1:40 PM
Expectations for global growth are at their highest level since July 2011 and investors have a renewed risk appetite in a much-improved market, a monthly survey of fund managers shows.
- Xstrata to Sell 20% Stake in Wandoan Coal Project
February 14 2012 10:03 AM
Xstrata PLC is looking to sell 20 percent of its proposed A$6 billion (US$6.4 billion) Wandoan Coal Project, to take place west of the Wandoan township in Queensland, Australia.
- Deere & Company Earnings Preview: Q1 Boosted by U.S. Farm Income
February 13 2012 2:01 PM
Deere & Co., the world's largest maker of farm tractors and combines, is expected to report strong fiscal first quarter results as U.S. farmers flush with cash update aging fleets and Deere's products gain greater acceptance in Brazil.
- Soros: Shale Gas and Oil Prompting Economic Recovery
February 13 2012 1:07 PM
Billionaire investor George Soros attributed the nation's favorable economic outlook to the nation's shale resources in a weekend interview.
- Dimock, Pa., Receiving Water Shipment; EPA To Sample 60 Wells
January 19 2012 7:52 PM
Almost three weeks after federal regulators revisited families in Dimock, Pa., the Environmental Protection Agency announced Thursday it will test water samples from at least 60 homes in the area.
- General Electric Earnings Report Expected to Show More Growth in 4Q
January 19 2012 3:12 PM
General Electric, the U.S.'s largest industrial manufacturer, is expected to report a 22.3 percent fourth-quarter profit increase when it announces its earnings Friday, driven by strong equipment order and pricing trends and growth in the aviation and energy infrastructure sectors. It marks the seventh straight quarter of operating earnings growth.
- Chevron Calls Off Search and Rescue
January 19 2012 3:07 PM
The contractors were part of a group who were drilling an exploratory well off the coast of Nigeria.
- Keystone Pipeline: 5 Things You Need to Know
January 19 2012 1:35 PM
Here are the five things you need to know about the pipeline, and why it faces such vehement opposition.
- Freeport-McMoRan Copper & Gold 4Q down, but Full Yr 2011 up
January 19 2012 9:14 AM
A long, sometimes violent strike at the world's biggest gold mine slashed output and cut earnings in the fourth quarter of 2011 for Freeport-McMoRan Copper & Gold Inc., but full year 2011 results still marked an increase.
- Keystone XL Oil Pipeline Not Finished Yet, Company Plans to Reapply for Permit
January 19 2012 9:03 AM
TransCanada officials announced yesterday afternoon they anticipated President Barack Obama's Keystone XL Pipeline permit rejection, and added the company intends to reapply.
- Rio Tinto Clear to Take Over Mongolia Project After Ivanhoe Relents
January 18 2012 9:49 PM
Global miner Rio Tinto is clear to take over Mongolia's coveted Oyu Tolgoi project, which promises to be one of the world's largest copper-gold mines, after project owner Ivanhoe Mines decided to scrap a controversial poison pill.
- Keystone Pipeline Rejected, API Slams President's Decision
January 18 2012 4:03 PM
American Petroleum Institute President Jack Gerrard, the head of the largest energy industry trade group in the U.S., on Wednesday lambasted President Barack Obama's decision to cancel the Keystone XL Pipeline.