Brazil's Petrobras Finds New Offshore Oil Well
Petrobras, the state-run oil company in Brazil, announced it has made another oil discovery in what is proving to be one of the country's most productive regions.
Colorado Study: Hydraulic Fracturing Causes Harmful Air Emissions
The Colorado School of Public Health concludes that residents close to hydraulically fractured natural gas wells are at risk to their health.
Refinery Closures Prompt Congressional Hearing
Sen. Bob Casey (D-Pa.) will chair a Congressional hearing next month to examine the effect closing of several refineries serving the East Coast has on gas prices.
DOI Calls On Public Input For Oil Exploration In Gulf Of Mexico
The U.S. Bureau of Ocean Energy Management Monday called for public comment on plans to extend oil and natural gas exploration in the Gulf of Mexico.
Exxon Mobil Freezes Kurdish Oil Exploration Deal
After months of speculation and suggested threats against Exxon Mobil Corp., Iraqi officials announced Friday that the largest U.S. oil and gas company has frozen its deal with Kurdistan. Exxon Mobil declined to comment.
Whistleblower: BP Platform Faces 'Present and Imminent Danger'
A whistleblower with a pending lawsuit against BP PLC (NYSE: BP) in a federal court in Houston alleged the company has an offshore platform that faces present and imminent danger.
Venezuela To End All Ventures With Exxon Mobil
Venezuela's state-run oil company will terminate all ventures with Exxon Mobil (NYSE: XOM), the biggest U.S. oil company, when arbitration proceedings conclude, Oil Minister Rafael Ramirez said.
EPA Says No Evidence Fracking Polluted Water In Rural Pa.
The Environmental Protection Agency on Friday found there was no evidence that hydraulic fracturing caused ground water contamination in Pennsylvania.
API Slams Federal Air Emission Reduction Standards
The Environmental Protection Agency's new air pollution standards for natural gas wells will cost state and federal treasuries billions of dollars in delayed taxes and royalties, the American Petroleum Institute said.
Chevron Reports Oil Leak Off Brazil Coast, Suspends Production
Just as Chevron Corp., the second-largest U.S.-based oil company, hoped to restart its offshore drilling operations in Brazilian waters, the company experienced a setback.
Chevron Gets Federal Judge To Consider Order Barring $18 Billion Ecuador Claim
Chevron on Thursday continued its attempts at not paying billions in environmental fines for pollution the company says it didn't commit.
Tiny Wyoming Town Plays Big Role In Fracking Fight
The oil and natural gas industries await the outcome of a battle between federal regulators and proponents of hydraulic fracturing, or fracking -- a debate that's already center stage in Pavillion, Wyo., where the drilling practice has raised safety concerns.
Chevron Waiting To Resume Offshore Drilling In Brazil
Chevron, the second largest oil and natural gas company in the U.S. is hoping to resume offshore drilling in Brazil as soon as possible.
Afghanistan: Does War-Battered Country Have Energy Wealth?
The Central Asian nation's natural gas production has plummeted during decades of conflict, to about 1 billion cubic feet per year as of 2009. But underground there could be vast stockpiles of gas as well as oil, potentially satisfying Afghanistan's energy needs for years.
API: White House Not Doing Enough To Promote Domestic Energy
The American Petroleum Institute, the country's largest oil and natural gas trade group, blasted President Barack Obama's administration Tuesday for perceived failures in promoting domestic sources of energy.
NY Lawmakers Propose Studying Health Impact Of Fracking
The Assembly, the state legislature's lower house, allocated $100,000 to study the effects on public health of the controversial practice of horizontal hydraulic fracturing, or fracking, in which millions of gallons of water and chemicals are blasted into the ground to split apart rocks containing natural gas, then pumped out to extract fuel.
BP Settles With Alabama City For $6.5 Million
The City of Gulf Shores, Ala., announced it has settled with British oil company BP for future losses incurred by the 2010 Gulf of Mexico.
Presidential Progress Report: U.S. To Meet President's Energy Goals, White House Says
In a presidential progress report published Monday, the U.S. seems poised to meet President Barack Obama's future energy plans as outlined in March of last year.
Feds Promise Action On Wall Street Speculation Blamed For High Gasoline Prices
In a bid to tamp down high gas prices, federal regulators hope to have rules in place that would limit oil and gasoline price speculation on Wall Street in several months.
Exxon Mobil and Iraq Agree on Oil Development Payment
Iraqi and Exxon Mobil (NYSE: XOM) officials finished contract negotiations, determining the No. 1 U.S. oil company will be paid in crude oil for the development of the country's large Qurna-1 oil field.
Exxon Mobil Has Days To Explain Kurdish Deal
U.S. oil and natural gas giant Exxon Mobil has days to explain its recent exploration deals the company struck in Kurdistan back in November.
Key EPA Fracking Study Update Delayed Again
State, local and Federal regulators have agreed on another round of water sampling at a site in Wyoming, as they investigate claims hydraulic fracturing contaminated ground water in the area.
BP Gulf Damages Fees To Aid In Gulf State Restoration
Thanks to the Democratic-led Senate, the vast majority of the fines paid to the Federal Government at the conclusion of the Deepwater Horizon oil spill will be used to restore the landscapes of Louisiana, Mississippi, Alabama, Florida and Texas.
IBT1000: Nakilat Shippers of the World's Natural Gas
War's shadow looms over the Strait of Hormuz, and for one company in Qatar, the disruption of shipping traffic of the Strait could very well mean the end of its business.
Deepwater Horizon: Judge Changes Management of BP Claims Fund
The judge handling the government's case against BP (NYSE: BP) took control of the third-party claims in a $20 billion fund, removing it from 9-11 Fund administrator Kenneth Feinberg.
Senate Blocks GOP Bid To Force Keystone XL Pipeline
A congressional Republican bid to fast track the controversial Keystone XL Pipeline failed in the Senate Thursday as Democrats voted the motion down.
Chevron Renews Bid To Toss Ecuador Pollution Damage Claim
The U.S.-based oil giant is questioning the judicial conduct of Nicholas Zambano after the Ecuadorean jurist was dismissed for improperly freeing an alleged drug trafficker.
CEO: Exxon Mobil Sets $185B Development Target
Exxon Mobil CEO Rex Tillerson says his company will invest $185 billion to develop new energy sources intended to help meet growing demand.
Super Tuesday in North Dakota: Santorum Nabs Surprise Win; Paul Edges Romney
Santorum was declared the winner shortly after 10 p.m. EST, with 40 percent of the vote. Paul came in second with 27 percent of the vote. Romney, the anticipated winner of the state, came in third with 25 percent of the vote.
Super Tuesday Oklahoma Primary Results 2012: Santorum Wins Oklahoma
Rick Santorum has been projected winner of the Oklahoma primary.