Obama Administration Clears A Plan To Overhaul Oil And Gas Rules For Arctic Drilling
The proposed overhaul would, for the first time, establish offshore drilling standards for the Chukchi and Beaufort Seas near Alaska.
Exxon Mobil Refinery Blast Comes As US Industries Grapple With Safety Concerns: Union, Enviro Groups Say
The explosion, injuring four people, comes as the industry grapples with high risks, weak safety standards and regulatory concerns.
Oil Prices Slip Again As US Crude Inventories Build And Saudi Output Rises
Global crude prices dipped below $59 a barrel Thursday after reports of growing U.S. crude inventories and rising Saudi output.
Oil and Gas Companies Are Dodging Workers' Compensation Payments In North Dakota
Employers in North Dakota's dangerous oil and gas sector aren't paying their workers' compensation premiums.
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To Combat Gasoline Black Market, Mexican Oil Giant Pemex Will Send Unfinished Gasoline Through Its Pipelines
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Warren Buffett's Berkshire Hathaway Inc Dumps $3.7B Share In Exxon Mobil Corporation Amid Oil Price Decline
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US Shale Oil Boom To Plateau This Summer As Drillers Respond To Ultralow Oil Prices
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Gas Prices Are Rising Again--Blame Increasing Crude Oil Prices and Refinery Slowdowns
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US Solar Companies SunEdison Inc And First Solar Inc Give Critical Boost To India Solar Energy Target With 20,000 MW Pledge
SunEdison Inc. and First Solar Inc. say they'll build over 20,000 megawatts of solar energy capacity in India to boost country's renewable energy goal.
Rolls-Royce Holdings Bribery Accusations: British Turbine Maker Rejects Bribery Allegations Involving Brazilian Oil Giant Petrobras
British engineering firm Rolls-Royce Holdings says it didn’t bribe Brazilian executives to provide gas turbines to Petrobras offshore platforms.
Rail Cars On Fire After Crude Train Derails In Ontario, CN Says
A boom in oil shipments by rail and a spate of derailments across North America have put heightened focus on rail safety.
In The Shadow Of Ivanpah, Another Federally-Backed Solar Thermal Power Plant Gears Up
The nation’s newest solar thermal power plant prepares to come on-line as support for the technology has waned.
One Year After Deadly Protests, Venezuela Goes From Bad To Worse
It's been a year since Venezuelans launched mass protests over crime and the economy. Things are even worse now.
Rolls-Royce Holdings: Oil Prices Are Hitting Marine Offshore Business, 2015 Profits Seen Plunging 13%
The world’s second-largest maker of aircraft engines is being hit hard by a decline in its marine offshore business.
Apple Inc. And Google Inc. Sign Major Renewable Energy Deals As Wind And Solar Energy Costs Plunge
The California tech giants this week announced separate clean-energy projects, in a sign that wind and solar power are getting cheaper.
US Coal Industry Gears Up For Another Tumultuous Year As Cheap Natural Gas, Tougher Regulations Shrink Demand
Alpha Natural Resources Inc., a top U.S. coal producer, told investors it will make significant cost cuts in 2015 in light of tough market conditions.
Tesla Working On New Battery For Home Energy-Storage Market: Elon Musk
Elon Musk said that the design of the battery is complete, and production would begin in about six months.
Keystone XL Pipeline Bill Clears Congress, But Obama Is Vowing To Veto
Obama is expected to veto the measure, which could hasten his final decision on the Canada-to-Texas pipeline.
US Oil Companies Ease Off Drilling Rigs As Lower Crude Prices Force Production Slowdown
U.S. oil companies drilled 28 percent fewer wells in January compared with last June, according to an analysis released Wednesday.
Venezuela's Discount Oil Program Feared To Be On Shaky Ground As Caribbean Eyes Alternatives
The program offers Venezuelan oil to Caribbean countries at bargain prices. But Venezuela's economic woes are putting its future in doubt.
Wind Energy Booms In Europe As U.S. Developers Face Uncertainty
Wind projects in 2015 could soar even higher as companies chase government incentives and countries address climate change.
Crude Oil Price Skid Isn’t Lubricated By Supply And Demand, Bank for International Settlements Says
Debt in the crude-oil industry may be a major factor in the collapse of the commodity’s pricing, the Bank for International Settlements says.
India-U.S. Nuclear Agreement: India Clarifies, Says Supplier Not Directly Liable In Case Of A Mishap
India releases details of a breakthrough agreement reached during Obama's visit, but U.S. diplomats say there are issues still to be resolved.
Oil Refinery Strike: Union Leaders Cite ‘Bad-Faith Bargaining,’ Threaten To Expand Walkouts To Two More Refineries
The United Steelworkers union indicated it would likely widen its refinery strike to facilities in Indiana and Ohio.
Carbon Capture And Storage Technology Faces Uncertain Future After Feds Pull Plug On $1.7B FutureGen Facility
The technology is considered crucial for allowing the world to use fossil fuels in a lower-carbon future, but interest and investments are drying up.
Siemens To Cut Nearly 8,000 Jobs Worldwide As Part Of Restructuring Plan To Save Over $1B
The company currently has over 300,000 employees, of whom 115,000 are based in Germany.
Japan To Begin Reopening Nuclear Reactors in June: Report
The country shut down all 48 of its nuclear power stations following the 2011 Fukushima disaster.
Union Rejects Sixth Refinery Offer From Shell; Talks Next Week
The United Steelworkers union (USW), which represents workers at 63 U.S. refineries, had recommended that locals reject the proposal.
Oil Price Predictions Are Both Science And Art For Energy Analysts
Energy analysts say forecasts for oil prices are based on "imprecise" assumptions about global supply and demand.
Brazil's Petrobras Scandal Bodes Ill For Economic Development In 2015, Analysts Say
When the state oil company has problems, Brazil has problems.
Federal Energy Use Drops To Lowest Level On Record, Thanks To Major Energy-Efficiency Push
Federally run buildings and vehicles are becoming more efficient, thanks largely to a Bush-era energy policy.
US Coal Power Ticks Up In 2014 As Natural Gas Prices Climb, Boosting America's Carbon Emissions
Cleaner energy sources are surging in the United States, but high-carbon coal power isn’t on the outs just yet.
Petrobras Shares Rise After CEO's Resignation Announcement
The head of Brazil's scandal-ridden oil giant had offered her resignation several times. This week, President Dilma Rousseff finally accepted it.
Oil Refinery Strike: Steelworkers Strike Against Big Oil At Nine Plants Across The Country
With talks between the United Steelworkers and Royal Dutch Shell at a standstill, the refinery strike goes on -- and it could grow.
Oil Prices Jump As BP Cuts Capital Expenditure
Analysts say the announcements of capital expenditure cuts by major oil companies are helping support prices.
BP Beats Expectations On Surprise Russian Profit, Stock Jumps
The outperformance was due to an unexpected profit of $470 million from Rosneft which has been hit hard by Western sanctions.
Iran Sweetens Oil Contracts To Counter Sanctions And Price Plunge
Companies may also require greater persuasion to invest in Iranian fields due to low crude prices.
Oil Prices Fall After Last Week's Surge, Strike Action
The drops followed a jump back from six-year lows on Friday.
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