ANCHORAGE, Alaska— An Alaska Native regional corporation and six Native Village corporations signed an agreement with a Shell Oil subsidiary Thursday that aims to share the profits from offshore drilling off Alaska's northwest coast. Shell and the Arctic Slope Regional Corp. announced the formation of a new company called Arctic Inupiat Offshore LLC.» Read More
Royal Dutch Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month, and the U.S. Coast Guard is billions of dollars short of what it needs to monitor and protect those operations, according to a report.
The country's gas storage market is near capacity, in fact—much earlier than normal in the current gas injection season.
The U.S. needs to do a better job of developing its own natural resources to help improve sluggish economic growth, T. Boone Pickens, founder of BP Capital, told CNBC’s “Street Signs” on Thursday.
PTT Exploration and Production, the subsidiary of PTT, may be still holding out its bid for Mozambique-focused oil and gas explorer Cove Energy, but one analyst says the acquisition is a bad idea for the Thai oil company because it would hurt its balance sheet.
While tensions between Britain and Argentina have been rising as a natural response to the 30th anniversary of the Falkland Islands War, oil is the primary driver of a renewed Falkland dispute that will determine the fate of tens of billions of dollars in black gold.
Of all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020. Factors like the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.
Four and a half years of studies and five failed votes in the House of Representatives later, the massive Canadian-US pipeline is stuck at the Canadian border. And that won't change anytime soon.
Bears have been running the show at Magnum Hunter Resources, but yesterday the buying heated up.
The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.
A new report shows sizable amounts of recoverable oil and natural as around the scenic island chain, but its location in the hurricane belt is already raising concerns about potential environmental damage.
Jonathan Barratt, CEO & Founder of Barratt's Bulletin, says that commodity investors have to sit on the sidelines, because there is no confidence in the market.
President Obama has said the U.S. has a supply of natural gas to last nearly 100 years. But it turns out geologists and other researchers disagree on that supply figure, which has huge implications for America's energy policy.
U.S. energy producers' ability to pull natural gas from shale may have contributed to a price-dampening oversupply for now, but it’s also triggering tens of billions of dollars in capital investments.
The U.S. natural gas boom has kicked off a gold rush among companies trying to cash in on minimizing the industry’s environmental footprint.
Natural gas's real potential for economic impact lies in the vast reservoirs of shale gas that are newly accessible through hydraulic fracturing.
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.
Heated debate over the impact of liquefied natural gas exports on domestic prices is threatening to derail them at a crucial time for the U.S. industry.