MELBOURNE, March 13- Origin Energy, in charge of coal seam gas drilling for the Australia Pacific liquefied natural gas project, said on Thursday it had stopped work at 12 sites in Queensland state as asbestos had been found in drilling fluids it was using.» Read More
Venezuela now boasts the world's largest proven oil reserves but the claim is “irrelevant” because the Latin American producer is struggling to secure enough investment and technical expertise to unlock the resource, Ed Morse, Managing Director and Global Head of Commodities Research for Citigroup Global Markets told CNBC.
Todd Everts, President & CEO, Wall Street Global is confident that U.S. consumers will return to buying as they believe the economy will improve.
BP is promising investors its ready to shift back to expanding its oil production and building financial momentum.
An updated industry report published shows Iran as having produced 3.752 million barrels per day (bpd) in February, marking the highest output since December 2008.
Mitt Romney on Tuesday called the Buffett Rule a “gimmick” and dismissed the plan to make millionaires pay a minimum of 30 percent in income tax little more than political posturing.
Natural gas prices, which earlier Wednesday broke below $2, are as low as they'll get, T. Boone Pickens told CNBC.
Michael Langford, Proprietary Trader, StreamTrading.com explains why Vale's Valemax ships, which are fleet of very large ore carriers, will be positive for importers such as China, but negative for shipowners.
The energy industry will be glad to partner with private equity and spend the several billions of dollars it will take to build highway infrastructure to encourage consumers to use natural gas —if the U.S. government says it "won't stand in the way of making that happen," the head of Anadarko Petroleum told CNBC Monday.
John Richels, Devon Energy president & CEO, discusses the company's aggressive plan to increase its annual capital expenditure to $6.3 billion and develop new projects, with Mad Money's Jim Cramer.
Texas energy mogul T. Boone Pickens told CNBC Thursday he thinks Brent North Sea oil could hit $148 a barrel this summer because demand is outrunning supply.
CNBC's Eamon Javers reports the Interior Department wants to speed up drilling permits on Federal land, and debating whether this signals a change in energy policy at the White House, with Bill Richardson, former U.S. Secretary of Energy and Gale Norton, former U.S. Secretary of the Interior.
Will the EPA's view on fracking lead to a less adversarial process that will free up energy? Mad Money host Jim Cramer, weighs in.
The president of Shell Oil can't predict whether gasoline in the U.S. will rise to an average $5 a gallon, but he told CNBC the gas price is directly tied to the price of oil and "we’re going to have to see stability around the world to start to have an impact." That means the U.S. should be producing more of its own oil and gas.
Insight on why certain oil resources in the U.S. are not being explored, with Dan Weiss, Center for American Progress and Rayola Dougher, American Petroleum Institute.
Scott Farmer, CEO of uniform maker Cintas, tolc CNBC Wednesday the company has had a resurgence in its core business as more companies hire more people who need uniforms.
Peter Voser, CEO of Royal Dutch Shell sees energy prices rising over the long-term because of growing demand for oil and increasing production costs.
Harold Hamm, Continental Resources founder, chairman & CEO, discusses the huge potential in developing oil resources in North Dakota's Bakken shale fields, and a look at where gasoline prices are headed, with Lacey Plache, Edmonds.com chief economist.
Insight on what would happen to oil and gas prices if the threatened conflict with Iran became a reality, with John Gerdes, Canaccord Genuity.
CNBC's Sharon Epperson discusses the high price of gas, oil exploration in Alaska, and the future of natural gas, with Peter Voser, Royal Dutch Shell CEO. Also strategies for playing the oil space, with the Fast Money traders.
Insight on the future of crude oil's prices, with Helge Lund, StatoilHydro ASA, CEO, who discusses the company's future plans with CNBC's Sharon Epperson.