Despite protests, the Norwegian government said Wednesday it had awarded licenses for oil exploration in parts of the Arctic Barents Sea.
Oil and gas companies have canceled $100 billion in investments, meaning they could struggle if supplies significantly drop.
The Houston oil and gas producer said it is drilling for oil in the Alaskan Arctic despite the recent crash in oil prices.
The No. 2 U.S. oil company reported a decline of nearly $590 million for the fourth quarter as plunging oil prices continued to take their toll.
The British government has backed deregulation of safety measures for fracking, lobbied by the oil and gas industry, according to a Guardian report.
The Dalton Highway is an essential corridor that serves the state’s vast oil fields, but a portion of the road is currently covered by 2 feet of water.
The energy sector led the blue-chip index and the S&P 500 higher Monday, driven by gains after crude oil prices rallied more than 6 percent.
Berkshire Hathaway Inc. ditched the Texas oil giant last quarter while raising its stake in a Canadian synthetic crude producer, according to SEC filings.
The Dow surged more than 300 points after oil prices rallied on speculation the global glut of oil may shrink faster than expected.
The sector expects to be the biggest laggard in the S&P 500 in the fourth quarter after oil prices have fallen more than 40 percent since June.
Texas, Oklahoma and Alaska are among oil states already seeing signs of slow growth in 2015.
Prices at the pump are expected to remain low as OPEC maintains its current level of production.
In a new Bloomberg ranking of public company 401(k) plans, Facebook comes in last.
Gov. Sean Parnell of Alaska says the state and TransCanada, the pipeline builder behind Keystone XL, will join in a huge liquefied natural gas project.
President Obama will wait at least 90 days to announce his decision, one analyst says, but last summer he said he'd say no.
As the second leg of the Keystone XL Pipeline approaches completion, the project faces growing pressure from opposition groups.
A PetroChina shareholder filed a complaint with a US court over the energy company's suspicion of violating U.S. security regulations.
An SEC filing also shows the Warren Buffett-run holding company cut its stake in ConocoPhillips in the September quarter.
With less than a day remaining before Twitter's hotly anticipated IPO, here's a roundup of the highest-grossing American public offerings.
The move comes at a time when American companies are increasingly giving up international projects to invest back home.
Market's direction could depend on which interpretation of the FOMC’s comments sticks, while earnings too will have an impact on stocks.
On a percentage basis, some companies paid double what other companies paid in taxes.