Chevron Files Appeal with Ecuador National Court
The Chevron Corp. announced Friday it has filed an appeal with Ecuador's National Court of Justice to review what the company calls an illegitimate ruling made against it this year.
Natural-Gas Prices Hit 10-Year Low
The reason for the decline? Warmer-than-normal winter temperatures has dampened demand, and rising natural-gas inventories have taken their toll on the commodity's value, according to the U.S. Energy Information Administration.
Drilling Index Expects 2011 Gains to Continue
Pipeline activity in November of last year reached its highest point since last spring, thanks to record-setting drilling results and improved financing, according to a most recent report published Thursday.
Dimock, Pa., Receiving Water Shipment; EPA To Sample 60 Wells
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.
Chevron Calls Off Search and Rescue
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
Here are the five things you need to know about the pipeline, and why it faces such vehement opposition.
Keystone XL Oil Pipeline Not Finished Yet, Company Plans to Reapply for Permit
TransCanada officials announced yesterday afternoon they anticipated President Barack Obama's Keystone XL Pipeline permit rejection, and added the company intends to reapply.
Keystone Pipeline Rejected, API Slams President's Decision
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.
Airbus' 2011 Sales Has Company Flying High Over Competition
Bolstered by a record-setting year, the European aircraft manufacturer and seller is flying high over its competitor Boeing -- at least in terms of sales.
Gold Price in 1st Half 2012 to Average $1,640 - GFMS
The new price average for gold is expected at $1,640 per troy ounce by the end of the first half of 2012, according to Thompson Reuter's GFMS most recent report on the yellow metal.
As Blizzard Buries Seattle, Northeast 'Snow Drought' Continues
Snowfall in the Northwest is not uncommon in winter months, but sights of huge blizzards and traffic-crippling conditions are usually more attributed to the Northeast, but just where is all the snow?
New York Could Allow Hydraulic Fracking By Year's End
When it comes to hydraulic fracturing New York stands at a crossroads, by the end of this year the state's Department of Environmental Conservation could start granting drilling permits for horizontal natural gas drilling.
Two Contractors Missing in Chevron Fire
Two individuals working on an exploration well off the coast of Nigeria are still unaccounted for following a fire that took place on one of the company's rigs.
IBT1000: Top 20 Nations With The World's Fastest Growing Companies
Hosting the majority of the planet's population, it is not a surprise to see Asian countries playing an increasingly prominent role in today's business world.
Venezuela Oil Minister Confirms Nation's Exit from Arbitration Body
Venezuela's Oil Minister Rafael Ramirez said on Sunday his country intends to exit the World Bank's arbitration hearing against ExxonMobil.
Dimock Residents Could Have Renewed Water Shipments By Next Week
Residents of Dimock Pennsylvania should know as soon as next weekend if the U.S. Environmental Protection Agency will provide fresh water deliveries to those residents claiming their water wells are too contaminated to use.
Oil India in Talks to Buy Stake in U.S. Shale Leases
ConocoPhillips is said to be in talks with the sub-continent oil company, and could sell some of its land leases in South Texas.
IBT 1000: A Rising Star on China's Seas, Brightoil Petroleum Shows Meteoric Growth in Three Years.
As energy prices rise, high profits and revenue margins are expected by oil and natural gas companies throughout the world, but astronomical revenues -- in the realm of millions to billions in three years -- would make anyone sit a little straighter and pay attention.
Belgium Grocery Chain to Cut 5,000 Jobs in U.S., EU
Brussels-based supermarket group Delhaize, which owns the U.S. grocery chain Food Lion, announced Thursday it will lay off 5,000 employees in the United States and Europe. It also will close several locations by March.
Natural Gas Prices Continue to Fall
Mild winter temperatures and steadily rising natural gas production combined this week to drive the price of the heating fuel to its lowest point in years.
Oil-Gas Trade Group Urges N.Y. to Permit Hydraulic Fracturing
The nation's top energy industry trade group urged New York officials Wednesday to permit a controversial practice of extracting natural gas or crude oil from deep beneath some of the state's most pristine areas.
Gulf Oil Drilling Moratorium, 'Permitorium' to Cost Nation $24B, Industry Says
Since Deepwater Horizon, a longer permitting processes and the drilling moratorium in the Gulf of Mexico is projected to cost the U.S. more than $24 billion in lost investment, says a report from the American Petroleum Institute.
VW Reports Record Car Sales for 2011
The car group reports selling 8.16 million sales last year, more than Toyota. Car group sales in India more than doubled, but General Motors could outshine the German automaker.
U.S. Regulators Okay Cuban-Bound Repsol Oil Rig
United States offshore petroleum regulators ruled this week that a Spanish rig headed to Cuban waters meets international safety standards.
New Jersey Adopts One-Year Fracking Ban
New Jersey lawmakers have accepted a one-year ban on the controversial drilling and natural gas extraction technique known as hydraulic fracturing.
Chinese Company Buys Luxury Italian Yacht Company Ferretti
The Chinese will take to the sea in style following an announcement Tuesday that Shandong Heavy Industry Group-Weichai Group will be buying a majority share of Italian yacht maker, Ferretti Group.
Venezuela Will Not Bow Down To Imperialist Tentacles: Chavez
Venezuelan President Hugo Chavez announced on Sunday that his country will only pay ExxonMobil a fraction of the price ruled last week by international arbitrators, in compensation for having seized ExxonMobil's assets in the country.
United Airline Flight Attendants Wait For New Contract
Flight attendants with United Airlines could have their new contract in several weeks depending on how the airline's management votes on contract proposal sent to them on Saturday.
EPA Revisiting, Announces Gaps in Dimock, PA Water Data
Federal regulators once again visited the small town of Dimock, Penn., to collect additional data from families who claim their well water is contaminated by hydraulic fracturing.
Alcoa to Curtail and Close 12% of Production
More than half of the company's announced cut backs are taking place in the United States. Company officials intend to permanently close its smelting operations in Alcoa, Tenn., as well as two of six idled potlines in Rockdale, Texas.