Top 5 Largest Natural Gas Shale Deposits Yet to Be Found in the U.S.
The United States, according to the U.S. Energy Information Administration, is the top natural gas producer and consumer in the world, and with its 273 trillion cubic feet of proven reserves, the United States holds the fourth largest source of natural gas deposits globally.
Pennsylvania Lawmakers to Vote on Natural Gas Fee
Pennsylvania lawmakers could by the end of the day Tuesday vote to have the state collect fees from natural gas companies drilling in the state.
Proposed Transit Bill Would Shave $1.7 billion from New York's MTA, Leaders Say
New York Representatives, transit union and Metropolitan Transit Authority members, blasted Congressional Republicans for sponsoring and proposing a bill that would siphon off more than a billion in mass transit funding for New York City.
Chevron Burning Rig Causing Health Problems
Nigerian officials in the country's Delta say pollution caused by the two-week fire at a Chevron natural gas rig is making local people sick, as scores of dead fish wash up on shore, and a local health facility is overrun by those seeking medical treatment.
Wis. Governor to Meet With County DA
Wisconsin Governor Scott Walker announced on Friday he will be meeting with Milwaukee County District Attorney John Chisholm regarding a John Doe investigation the attorney is leading into some of the Governor's former staffers.
Royal Gold Q2 Earnings Set New Record
Royal Gold Inc., reported record second quarter 2012 profits on Friday due to increased mineral production and high gold prices, despite falling well short of analyst expectations.
Bureau of Land Management Reduces Proposed Oil Shale Land Availability
The Bureau of Land Management Friday recommended that a substantially smaller than originally proposed tract of public land be made available for oil shale and tar sand oil development and research, under a new draft environmental impact statement.
Petrobras Says Oil Spill from Pipeline Rupture Has Been Contained
The cause of the pipeline rupture is still under investigation. The pipeline connected a well head on the ocean floor to a floating platform, which was conducting a well test when the rupture took place. The well's safety mechanisms responded appropriately and the well was closed off automatically.
Year In Review: 2011 Not The Best for Energy but U.S. Became a Net Exporter Again
Faced with international political tensions, disruptive weather and natural disasters and global economic woes, oil companies in the U.S. and Europe reported overall declining earnings for the fourth quarter, even as they earned. The good news is that the U.S. became a net energy exporter for the first time since 1949.
EPA Defends Recent Stance on Hydraulic Fracturing
The Environmental Protection Agency (EPA) is once again facing criticism from oil and natural gas companies over its controversial findings in Wyoming, in which a draft study links hydraulic fracturing to ground water contamination.
Royal Dutch Shell's 4Q Profit Tops Expectations
Royal Dutch Shell, Europe's largest oil and natural gas company, posted fourth quarter earnings that despite less than favorable market conditions, exceeded analyst expectations thanks to increased natural gas sales.
Petrobras Oil Spill Extends 43 Square Miles
Officials with Brazilian oil giant Petrobras, and Brazil's environmental protection agency (IBAMA), announced Wednesday that 26 cubic meters of oily water was collected from an offshore oil production column that ruptured the day before.
Earnings Preview: Shell Expected To Post Slight Profit Despite Poor Market
Europe's biggest oil company, Royal Dutch Shell is expected to take a hit in its refining and marketing earnings, but could follow the likes of ExxonMobil in posting profit that at least matches analyst expectations thanks to high oil prices.
'Gasland' Director Arrested; Josh Fox Tried to Film House Hearing on Fracking
Documentary film maker Josh Fox, famous for his film Gasland, was handcuffed and forcibly removed from a subcommittee hearing of the House Science Committee as an Environmental Protection Agency administrator testified on a controversial EPA draft study.
Pine Beetle Epidemic Slows in Rocky Mountain Region
An epidemic that is slowly eating away at the Rocky Mountain pine tree population appears to be slowing down in some areas according to a most recent aerial survey of the region.
API Lanches Public Workshops About Hydraulic Fracturing
The American Petroleum Institute, starting Tuesday, will be hosting a series of public workshops around the country the goal of which is to educate lawmakers, members of the public and various associations on shale gas and hydraulic fracturing.
ExxonMobil: Q4 Earnings Largely Due To Europe Weakness
ExxonMobil vice president of investor relations David Rosenthal said his company's lower than expected earning figures are largely due to lingering global economic weakness in Europe which hurt the U.S. economic recovery and prompted declines in industry and chemical refining.
Hydraulic Fracturing: How Does a Natural Gas Well Get Drilled?
A lot has been said about hydraulic fracturing, the controversial natural gas drilling technique that has sparked a rush for natural gas in the U.S. Here is how they are built.
ExxonMobil's 4Q up but Misses Street View, Shares Down
ExxonMobil Corp., the world's largest integrated oil and natural gas company, Tuesday reported fourth-quarter earnings up six percent, less than analysts expected, as higher crude oil profits offset weaker refining margins.
Honda Set to Take Off with 'Civic of the Sky'
Imagined by Honda officials for almost 30 years, the Japanese auto maker is expecting to make its first HondaJet delivery next year, and intends to carve out a 25 percent market share of the world's business jets.
ExxonMobil Earnings Preview: Profits To Continue Rising in Q4
ExxonMobil, the world's largest integrated oil and natural gas company, is expected to report an increase in revenue in its fourth quarter thanks to high oil prices which have helped the company overcome sluggish refining and low natural gas prices in the United States.
Canadian Feds List Aboriginal Peoples as 'Adversaries' in Oil Sands PR Strategy
An e-mail circulated among individuals close to a Canadian-government sanctioned public relations team, whose charge is to promote Canada's image and natural resources in Europe, labeled aboriginal groups and environmentalist as adversaries to the country's business interests.
U.S. Appeals Court Explains Chevron-Ecuador Case Decision
The U.S. Second Circuit Court of Appeals on Thursday explained why a New York judge did not have the authority to order an injunction last year prohibiting Ecuadorean plaintiffs from collecting on a ruling against Chevron Corp.
Fortuna Silver's '11 Output Marks 31% Increase
Fortuna Silver Mines Inc., one of Latin America's fastest growing silver producers announced Thursday its silver production in the last year rose by 31 percent, the fifth consecutive year the company's production grew.
Airbus Confirms Cause of A380 Wing Cracks
Cracks in the wings of the world's largest passenger plane, the Airbus A380, stem from stresses caused by unsuitable materials and the way engineers designed the bolts to fit into certain brackets -- not stresses caused by flying, Airbus said.
Chevron Nigeria Natural Gas Well Burning Underwater
A natural gas offshore exploration rig that caught fire off the coast of Nigeria, killed two contractors and sank, is still burning causing flames to rise up from the surface of the water, and Chevron a official expects the fire will not be put out for another month.
NTT Communications to Buy 74% of India's Largest Data Center Provider
NTT Communications Corporation, the international branch of Nippon Telegraph and Telephone Corporation, one of the largest telecommunication companies in the world, will be purchasing a majority share of Netmagic Solutions, India's largest provider of data centers.
Chevron Fourth-Quarter Earnings Preview: Upstream Expected to Lift Profit
Chevron, the second largest integrated U.S. oil company, is expected to report stronger fourth-quarter earnings on dramatically higher crude oil prices and production that offset breakeven margins on refining and marketing operations as well as reduced output of products like gasoline.
High Speed Rail: 5 Things to Know About Proposals To Install it in the U.S.
President Barack Obama is on record as proposing a high-speed rail system that will, within 25 years, serve 80 percent of Americans. And Washington's 2012 budget shows the the president is putting his money -- or at least taxpayer money -- where his mouth is. Here is 5 things to know about the project.
ConocoPhillips Refining Dampens Company's Earnings
ConocoPhillips, the third largest energy company in the U.S., is expected to post higher fourth-quarter earnings as soaring crude oil prices offset big losses anticipated in the company's refining operations.