Halliburton (HAL) And Baker Hughes (BHI) Vow To 'Vigorously Contest' US Lawsuit To Block Merger
The No. 2 and No. 3 oil-field services companies said they would "vigorously contest" a Justice Department effort to block their merger plan.
Obama Climate Change Legacy Hangs In The Balance As 2016 Presidential Election Approaches
Republican presidential and congressional candidates have vowed to dismantle key parts of President Obama’s climate plan once in office.
Panama Papers: Brazilians Embroiled In Petrobras Corruption Scandal Also Linked To Mossack Fonseca Documents Leak
Dozens of Brazilians involved in the Petrobras corruption probe were also allegedly identified in the Panama Papers leak.
Richard Branson Admits ‘Sadness’ Over Virgin America's $2.6 Billion Purchase By Alaska Air
U.K. billionaire Richard Branson said he couldn’t stop the $2.6 billion takeover by Alaska Air due to U.S. restrictions on foreign investment.
Oil Markets Rattled As Saudi Arabia Casts Doubt On Global Crude Production Freeze Deal
The world’s largest exporter is raising fresh doubts about a much-anticipated deal to freeze oil production and stem a global glut.
Natural Disasters And Catastrophic Events Racked Up $92B In Global Economic Losses In 2015: Report
More than 350 natural and human-caused events took a major economic toll in 2015, reinsurance giant Swiss Re reported.
US-China Climate Deal: Presidents Obama And Xi Agree To Sign Paris Climate Agreement ‘As Early As Possible’
Presidents Barack Obama and Xi Jinping said Thursday that their countries would join a global agreement to reduce emissions.
Oil Price Slump: Energy Sector Bracing For A Rough First-Quarter Earnings Season As Producers Are Hammered
First-quarter earnings could show a 100 percent slide for oil and natural gas businesses as low prices continue to crush producers.
Brazil's Largest Party Leaving President Dilma Rousseff's Governing Coalition, Paving Way For Her Impeachment
The move sharply raises the odds that the Brazilian president will be impeached by Congress in a matter of weeks.
Israel Adopts New Law To Cap Bank Executives’ Salaries At Less Than $1 Million A Year
The Parliament just adopted one of the world’s toughest curbs on bankers’ salaries to narrow the pay gap between workers and bosses.
SunEdison Inc. (SUNE) On The Brink Of Bankruptcy As Financial, Regulatory Troubles Mount
The clean energy giant is on the verge of bankruptcy, regulatory filings show. Its share price has plunged 96 percent since July.
Richard Branson's Virgin America In Takeover Talks With JetBlue, Alaska Air: Report
The budget airline backed by billionaire Richard Branson, has reportedly received takeover bids as it explores a potential sale.
SunEdison Inc. (SUNE) Facing Financial Troubles As $1.4 Billion Potential Default Looms For Clean Energy Developer
The world’s biggest clean energy developer, SunEdison could face a $1.4 billion technical default this week as its financial woes mount.
Gasoline Prices For Easter Weekend Will Reach Lowest Point Since 2004, Bringing More Savings To Drivers
Prices averaged $2.03 a gallon Friday, their lowest point since 2004 and about 16 percent lower than last Easter weekend.
First US Offshore Wind Energy Projects Could Deliver Jolt Of Momentum To Struggling Sector
Five wind turbines could be spinning in the Atlantic this summer, providing a much-needed boost to a struggling clean-energy sector.
Pepco-Exelon Merger Approved By Washington Regulators In Surprise Move Creating Nation’s Largest Public Utility
A deal between Pepco Holdings and Exelon cleared its final hurdle Wednesday when it won approval from regulators.
Oil Price Spike Could Be Coming Soon As Companies Make ‘Historic’ Spending Cuts To Weather Market Downturn: IEA
Oil and gas companies have canceled $100 billion in investments, meaning they could struggle if supplies significantly drop.
Richard Branson’s Virgin America Considers Sale After Receiving Takeover Interest: Report
After receiving inquiries, Sir Richard Branson's low-cost airline is considering a sale of all or part of the company, a report said.
Obama Administration’s Plan To Expand Oil And Gas Drilling In Gulf of Mexico Draws Protests In New Orleans
A federal plan to open millions of acres in the Gulf of Mexico for offshore drilling drew hundreds of protesters in New Orleans on Wednesday.
Terror Attack On Algerian Gas Plant Raising Security Fears For North Africa’s Oil And Gas Infrastructure
A recent attack on Algeria’s In Salah natural gas plant highlights the challenge of protecting energy facilities in North Africa.
‘Zootopia’ Holds No. 1 Spot For Third Straight Weekend; ‘Allegiant’ Debuts At $29M
The animated smash hit took the top spot at the North American box office for the third straight weekend.
Obama Cuba Visit 2016: President Says Cuba Trip A ‘Historic Opportunity’ For A ‘Brighter’ Future
President Barack Obama arrived in Cuba Sunday to “engage directly with the Cuban people and to forge new agreements and commercial deals, and build new ties” between the two countries.
Slain Honduran Activist Berta Cáceres’ Family Heads To Washington To Call For Independent Investigation
Berta Cáceres’ daughter and nephew head to Washington this week to call for a rigorous murder inquiry into the death of the prominent indigenous and environmental rights campaigner.
Obama Cuba Visit 2016: Air Force One Touches Down In Havana, Kicking Off Historic Visit
President Obama arrived in Cuba Sunday, becoming the first sitting U.S. president to visit the island in 88 years.
As US Oil Industry Jobs Decline, Undergraduates Are Ditching Petroleum Engineering Degrees
As lower oil prices lead to layoffs across the U.S. oil patch, some undergraduates are switching out of petroleum engineering.
Obama Administration Offering $66 Million To Help Coal-Reliant Communities Recover From Downturn
The grants announced Thursday would develop the workforce in coal-reliant communities as mines shutter and coal plants close, leaving thousands of workers jobless.
Global CO2 Emissions Stayed Flat In 2015 Even As World Economy Grew: Report
Worldwide carbon emissions from energy use stood at 32.1 billion metric tons, even as the global economy grew, the IEA said.
Peabody Energy Warns Of Bankruptcy Risk, Adding To US Coal Industry’s Financial Woes
The largest U.S. coal producer said it missed a $71.1 million interest payment, raising the risk of a bankruptcy filing this spring.
Obama Reversal On Offshore Drilling In Atlantic Ocean Reflects Surge In US Shale Oil Production
The Obama administration’s Tuesday decision to cancel a plan for ocean drilling follows strong growth in onshore U.S. oil production.
Oil Price Plunge Hurting Academic Research In Energy Sector As Industry Curtails Funding
Academic institutions in energy-rich U.S. states have seen funding from oil and gas companies and state budgets decline over the last year.
