Marvin Odum, Shell Oil President, discusses the company's new project in the Gulf of Mexico. He says this is going to be a profitable project because the breakeven price is about $55 per barrel.» Read More
Rail company BNSF Railway expects to be moving a million barrels of oil a day in the not too distant future, and it would like to move it with natural gas powered locomotives.
Rail company BNSF expects to be moving a million barrels of oil a day in the not too distant future, and it would like to move it with natural gas powered engines.
Enbridge CEO Al Monaco said Enbridge has $15 billion in hand to put into pipeline expansion.
Newly discovered oil off the Lebanese coast has foreign militaries playing 'Battle Ship,' as they beef up their naval presence in the area.
When the Dow last set a record high in late 2007, the U.S. was worried about waning oil supplies and was producing about 40 percent less oil than now. But a technological breakthrough—the joining of hydraulic fracturing technology and horizontal drilling—has led to an energy revival.
Suncor Energy has seen "a lot of interest" from potential merger partners, but is unlikely to consent to a deal with a large international company like ExxonMobil, Suncor's CEO said Tuesday.
The shift toward low carbon energy will take time and require a major change in the electricity industry, a study released by IHS CERA and the World Economic Forum says.
Oil prices could continue to feel pressure, if the global economy turns out to be weaker than expected and oil production continues to grow in places like the U.S., Brazil and Iraq, according to James Burkhard, vice president and head of oil market research at IHS.
The sources of transformation and its impact on our energy world will be the focus this week as more than 2,200 participants from more than 50 countries convene in Houston for the 32nd IHS CERAWeek energy conference.
The study, funded by Alfred P. Sloan Foundation, showed a cumulative 44 trillion cubic feet of recoverable reserves from Barnett, with production declining through the year 2030. T
Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
There are no easy solutions, no viable quick fixes, and no magic fluids for the world's energy challenges. Yet the future isn't all doom and gloom, reports Oilprice.com.
Addison Armstrong, Tradition Energy, discusses whether the storm will impact energy prices.
Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.
CNBC's Kate Kelly breaks down the numbers on the oil driller, which reported a solid fourth quarter.
Manufacturing in the U.S. could take off on "the cheapest energy in the world," BP Capital Founder T. Boone Pickens told CNBC.
CNBC's Sharon Epperson reports that even though gas prices have pulled back, futures are up over where they were a year ago. For the past 33 days, retail gas prices have climbed, she reports, and the national average is $3.75/gallon.