Sept 4- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. *April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases...» Read More
Observers say inefficiencies in the U.S. transportation system are helping to keep gas prices elevated, and the lack of pipelines make oil producers rely on railroads.
There aren't a lot of motor vehicles using natural gas, but that could be changing thanks to a confluence of trends.
State control of natural resources tends to evoke images of authoritarian countries, yet the most oft-cited example for the U.S. is Norway.
There is no favorable outcome in Syria at this point—only the least unfavorable—and even that will not likely be dictated by Washington.
California is an alternative energy giant, but is also home to one of the best-kept secrets of the U.S. fossil fuel renaissance – the Monterey shale.
Citigroup recently cataloged a clutch of new technologies, including mobile payments and energy production, that are disrupting markets and sparking innovation.
Oil depletion is a hot topic rarely mentioned in the context of America's budding energy boom. Yet some murmurs are out there.
With the world's largest economy suddenly awash in oil and gas, might the U.S. dollar join the ranks of the dollars of Canada and Australia as a "commodity currency"?
Robert Hobbs, CEO of TGS, explains that TGS provides data and services to oil and gas companies and why its current position gives him a lot of pricing power.
The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.
Chesapeake Energy hired Robert Douglas Lawler of rival Anadarko Petroleum as its new chief executive.
Transocean said shareholders voted out Chairman Michael Talbert at the annual meeting and backed a nominee of Carl Icahn to the board.
Hess and Elliott Management ended a long-running proxy feud, settling on a mix of new directors and putting a battle over the company's strategy behind them.
The concept of US energy independence is sparking debates about what it may mean for oil prices, and Saudi Arabia is doing a lot of the debating.
Everything seems to have gone wrong for the nuclear industry, which a few years ago was seen as a potential competitor to fossil fuels and was gearing up for a renaissance.
Hess plans to split the roles of chief executive and chairman, countering efforts by an activist investor to shake up management at the oil and gas producer.
The Marcellus Shale, a 600-mile formation brimming with natural gas, is becoming a major asset in the U.S. energy boom.
The Iraqi government and Kurdistan authorities put together a deal that could see the Kurds resume oil exports to Iraq in return for a revision of the Iraqi 2013 budget.
Japan's monetary policy and its sliding currency may have an unintended side-effect: pushing the country back into the embrace of nuclear technology.
The U.S. economy is awash in fossil fuel production, raising a tantalizing prospect of whether the U.S. should liquidate its Strategic Petroleum Reserve to help close the deficit.