The Supreme Court ruled that the victims of former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward with class-action lawsuits.» Read More
HOUSTON, Feb 6- Unusually frigid weather was blamed for slipping output of natural gas in the United States on Thursday as California warned of short supplies and No. 2 U.S. producer Chesapeake Energy Corp said foul weather hurt its operations.
*Noble gets cold weather boost in Israel. HOUSTON, Feb 6- Chesapeake Energy Corp, the No. 2 natural gas producer in the United States, said on Thursday unusually cold weather across much of the country was hurting its operations as data showed slipping U.S. output.
HOUSTON, Feb 6- Chesapeake Energy Corp, the No. 2 natural gas producer in the United States, said on Thursday that unusually cold weather across much of the country was hurting its output. On Tuesday, Chuck Meloy, an executive at Anadarko Petroleum Corp, said on a conference call the company's operations in Colorado were finally returning to normal.
HOUSTON, Feb 4- Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas platform, its first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for months.
WASHINGTON, Feb 4- Republican lawmakers urged the Obama administration on Tuesday to approve more ports for exporting surging supplies of natural gas, saying that fuel-thirsty countries could look to other producers if Washington does not act this year.
HOUSTON, Feb 4- Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas platform, the first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for months.
WASHINGTON, Feb 4- A bipartisan group of U.S. lawmakers voiced support on Tuesday for the Keystone XL crude oil pipeline, and did not rule out using legislation to force the White House to approve the Canada- to- Texas project.
President Barack Obama still wants to hear from other federal agencies before deciding whether to accept the State Department's finding that the Keystone XL pipeline would have no major impact on climate change, his top aide said on Sunday.
WASHINGTON, Jan 31- The Obama administration's environmental review of the Keystone XL pipeline issued on Friday said the project would not likely speed the development of Canada's oil sands, essentially discounting one the major concerns of the duct's opponents.
WASHINGTON, Jan 31- The U.S. State Department on Thursday issued its long awaited final environmental impact statement on the proposed Keystone pipeline, which would carry crude oil from Canada's tar sands region to refiners in the Gulf of Mexico. "President Obama is out of excuses.
WASHINGTON, Jan 31- The Obama administration's tricky final decision on the Keystone XL oil pipeline is several months away, guaranteeing that the project dividing many Democratic voters will be an issue in the midterm elections that could determine control of the U.S. Congress.
HOUSTON, Jan 30- Koch Pipeline Co LP has abandoned plans to build a 250,000 barrels-per-day pipeline to move North Dakota Bakken crude to Illinois, a spokesman confirmed on Thursday.
On a vote of 67-32, the Democratic-led Senate brushed aside earlier White House concerns and sent the measure to the Republican-led House of Representatives for consideration. "This is how the Senate is suppose to work," said Senator Charles Schumer of New York, a member of Democratic leadership. The White House echoed those concerns in a statement on Monday.
WASHINGTON, Jan 30- More than a quarter of U.S. states had public pension liabilities that were greater than their total revenues in fiscal 2012, Moody's Investors Service said in a report on Thursday that also indicated the struggle to pay for public employee retirement had peaked.
WASHINGTON, Jan 30- The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal. Initial claims for state unemployment benefits increased 19,000 to a seasonally adjusted 348,000, the Labor Department said on Thursday.
HOUSTON, Jan 29- Marathon Petroleum Corp, Valero Energy Corp and Phillips 66, the three largest U.S. independent refiners, reported quarterly results on Wednesday that topped Wall Street estimates as cheaper crude prices and rising exports helped profits.
HOUSTON, Jan 29- Marathon Petroleum Corp, Valero Energy Corp and Phillips 66, the three largest U.S. independent refiners, reported quarterly results on Wednesday that topped Wall Street estimates as cheaper crude prices on the Gulf Coast helped profits.
Jan 28- Johnson& Johnson won an appeal in Louisiana Supreme Court on Tuesday over its marketing of anti-psychotic drug Risperdal as the court overturned a ruling that would have imposed a $258 million penalty on the company.
Jan 28- Louisiana Supreme Court on Tuesday ruled in favor of Johnson& Johnson in an appeal related to the drugmaker's marketing of anti-psychotic drug Risperdal, overturning a case that had gone in favor the state's attorney general.
Jan 28- Two former BP Plc well site managers have failed to win the dismissal of involuntary manslaughter charges over their roles in the 2010 Gulf of Mexico oil drilling disaster, which killed 11 people.