Sept 2- Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said.» Read More
Amid cries for energy independence, fracking has become crucial to taking advantage of previously untapped resources. Take a closer look at hydraulic fracturing, and why the technology has become so important and controversial.
Environmental issues aside, the economics of natural gas may have already dethroned coal as the nation's key source of electrical power.
Natural gas has often taken a backseat to crude oil in the Texas energy business, but the advent of fracking shale gas has given it star billing in the Lone Star State — and the nation.
The natural gas industry may be hurting from rock-bottom prices now but if allowed to fully exploit the shale-gas boom, there may be few losers and many winners in the years to come.
It's almost impossible to overestimate the importance of fracking to the natural gas industry and the nation. It's also difficult to understate the controversy surrounding the environmental issues. Our special report, "Who's Winning the Natural Gas Game?," addresses both
Other countries have invested billions in alternative fuels, from Brazil's government-sponsored soybean-ethanol push to France's headlong expansion of nuclear power after the oil shocks of the 1970s. Should the U.S. do the same?
The proliferation of fracking and the likelihood of a long-running, shale-gas boom are destined to make winners and losers out of a lot of industries beyond the energy sector.
The breakthrough may prove important to the development of underwater autonomous systems — which provide situational awareness and long-term environment monitoring — a growing market.
Even as certain tax credits and funding from Washington have dried up, U.S. states remain in competition for clean energy funding, especially from venture capitalists.
With uncertainty and volatility big issues much like last year, money managers say go for high dividend-paying stocks and sectors such as healthcare, consumer staples and utilities.
Industry analysts and government auditors say the administration failed to take note of trouble in the solar energy marketplace, the New York Times reports.
The bankruptcies of three American solar power companies in the last month, have left China’s industry with a dominant sales position — almost three-fifths of the world’s production capacity — and rapidly declining costs. The NYT reports.
Recent surveys show energy supply concerns are forcing corporate offices to implement energy-reduction ideas, from lighting retrofits and HVAC system upgrades, to building redesign and rooftop solar panels, as much as climate change considerations.
Energy used to be something we took for granted; it is was cheap, accessible and plentiful. Now, energy seems precious, complicated and fractious, a chip in the high-stakes game of geopolitics.
Even when renewable energy is relatively cheap to produce, current costs to store huge amounts of solar and wind power can be two or three times the value for utilities supplying electricity.
With all its attributes, solar energy still hasn't taken off with consumers. What's not to like. Apparently, a lot. For one, switching over is a" a hassle," says a solar firm CEO.
The resulting yo-yo effect on fuel prices for the last three years has made it hard for consumers and businesses to loosen their purse strings enough to jump start the lackluster economy.
Automakers are gearing up for mass-market production of hydrogen-powered cars starting in 2015, but the fuel-cell technology has plenty of skeptics, including President Barack Obama.
Choosing energy-efficient appliances, such as Energy Star, making a few small repairs and adjusting some behavior can help consumers save hundreds of dollars a year in energy costs.
With gasoline prices still stubbornly high, a new fuel from an old source could keep America moving more cheaply in the near future. It's coal-based ethanol and Celanese is making a big bet on it.