Pierre Bertrand

At a depth of 12,461 feet, the company found more than 400 feet of natural gas roughly 180 miles offshore of Exmouth near the Carnarvon Basin in the northwest of Western Australia.

ExxonMobil and the Iraqi central government have been at odds with each other since November, after the U.S. oil company signed contracts for several exploration rights in the semi-autonomous region of the country.

Starting April 1, oil and gas companies in Colorado will be required to disclose the chemicals they use when hydraulically fracturing rock formations in the state, joining the ranks of Texas who earlier this year passed a similar disclosure law.

Brazil's said it is asking Chevron to halt its activities in the country and pay $10.7 billion in damages following an oil spill in November off the coast of Rio de Janeiro. However, Chevron said it has not received notice of the action.

ConocoPhillips stole the show at Wednesday's Gulf of Mexico Lease sale with the largest bid an oil company has ever made for a single tract of Gulf real estate.

In what was probably Iran's response to growing threats made against its sovereignty, and a possible show of strength, the Middle Eastern country announced it is planning war drills to practice closing off the Strait of Hormuz -- one of the world's main oil arteries.

The U.S. Department of the Interior on Wednesday will open up the first sale of Gulf Coast leases. The offering has garnered a larger list of players than during the previous sale.

ConocoPhillip's Bohai Bay oil spill may be over, but like its British counterpart in the Gulf of Mexico, the U.S. super major's Chinese subsidiary has not seen the end of litigation in the wake of its Chinese spill.

In what is one of the oil and gas industry's largest financing project, ExxonMobil and Qatar Petroleum officials announced they have amassed $10.4 billion for a gas project in that country.

China's natural gas industry is still developing, but with almost twice the shale gas reserves of the U.S., industry players this side of the Pacific are starting to worry.

More tests are needed to determine the size of the latest natural gas find by ConocoPhillips in the North Sea, Norwegian government officials announced Monday.

Energy in Depth, a public outreach arm of the Independent Petroleum Association of America, has issued a list of questions dissecting the Environmental Protection Agency's draft report that linked hydraulic fracturing in Wyoming to ground water contamination near the town of Pavillion.

With orders for turbine parts falling, the Energy Information Administration's forecast shows a 100 percent drop in wind energy growth if tax credit expires by 2012.

Commercial crude inventories in the week ended Dec. 2 rose by 1.3 million barrels of oil when compared to the week before, remaining in the upper limit of the historical average for this time of year, according to EIA's weekly report.

Venezuelan President Hugo Chavez said his government is willing to sit down with Exxon Mobil Corp. officials after years of tension following the nationalization of the country's oil industry.

Brazilian oil major Petroleo Brasileiro, or Petrobras, will not be meeting its daily production target this year said company executive in Qatar Wednesday, citing increased safety regulations in Brazil.

The British oil company has alleged that Halliburton destroyed tests results showing unreliable cement was used at the oil rig where an explosion killed 11 workers and caused the region's worst environmental disaster, reported the Houston Chronicle.

The move has put ExxonMobil in the cross hairs of the Iraqi central government who maintains the exploration contracts the company signed with Kurdish officials last month are illegal.

In an effort to provide relief to families left with no potable drinking water in Dimock Pennsylvania, activists and local leaders shipped roughly 5,700 gallons of fresh water supplies by bus Tuesday from New York City's city hall.

Brazil's Energy Minister announced Chevron Corp's presence in his country depends on how well the company complies with the country's laws and cleans up the leak it caused last month.

U.S. International Trade Commissioners on Friday said there is a reasonable indication that the U.S. solar industry is being harmed by the alleged dumping of Chinese solar components.

Brazil's National Petroleum Agency ordered Chevron Corp to shut down one of its production wells after the country audited the safety of the U.S. company's operations in its offshore Frade field.

United States International Trade Commission commissioners will vote Friday on weather or not the U.S. solar industry is harmed by the alleged dumping of Chinese solar components. What happens Friday could either break or propel the case forward.

In what will be the third day of a four-day probation hearing, BP will take the stage Thursday to contest U.S. prosecutors' accusations that BP violated a three-year probation sentence in Alaska.

Duke University and the U.S. Geological Survey are planning to conduct a series of tests that could once and for all put to bed the debate surrounding alleged ground water contamination as a result of hydraulic fracturing and natural gas drilling.

Senate Republicans Wednesday introduced a bill that would force President Barack Obama to approve the Keystone XL Pipeline within 60 days.

With 2.5 million acres in natural gas-land leases, the company has become a huge player in domestic natural gas production, bested only by ExxonMobil. However, its land acquisitions are concerning investors who fear the company's land spending could place it in a $4 to $9 billion budget hole.

BP will be offering more compensation money to shrimpers and other Gulf Coast fishermen following the company's Macondo Spill in 2010, starting Wednesday Nov. 30.

Two companies have come forward Wednesday saying they may purchase U.S. oil company ExxonMobil's stake in Iraq's West Qurna oil field.