HARRISBURG, Pa.— Strained by limited resources and the rapid expansion of natural gas drilling in Pennsylvania, environmental regulators have failed to adequately monitor well safety or to provide clear and timely information to citizens, the state auditor general said Tuesday.» Read More
The downgrade of California's oil reserves raises questions about the sustainability of the U.S. boom.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
BEIJING, May 18- More than 3,000 Chinese nationals have been evacuated from Vietnam, state news agency Xinhua said on Sunday, following deadly rioting that stemmed from an outpouring of rage over Chinese oil drilling in a disputed area of the South China Sea.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
HANOI, May 14- Rioting broke out at industrial zones in southern Vietnam during protests by thousands of workers angered by Chinese oil drilling in a contested area of the South China Sea, officials said on Wednesday.
LONDON, May 12- They were crazy dreamers who dared to believe that oil and gas could be produced from beneath England's rolling green hills. Small companies such as Alkane, Egdon, Cuadrilla, Dart, Island Gas, Newton and Star bid for and won Petroleum Exploration and Development Licences in Britain's 13th onshore licensing round held back in 2008..
The Obama administration announced its first steps toward what could be tighter regulation of fracking.
A mismatch between workers seeking jobs and the skills employers need may be trickling into the booming energy sector.
U.S. companies moving crude via rail must tell states when a cargo is moving across their jurisdiction, the Transportation Secretary said.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Booming production of oil and natural gas has exacted a little-known price on some of the nation's roads.
While the United States enjoys a surge in oil and natural gas production, Exxon Mobil and Chevron have so far missed the party.
Oil-by-rail shippers have mostly ignored U.S. government requests for data that aim to prevent mishaps, officials said on Friday.
Profits from exploration—otherwise known as "upstream" earnings—were a saving grace for Big Oil in the last quarter.
Chevron, the second-largest U.S. oil producer, said on Friday its first-quarter profit fell 27 percent due to falling crude oil production and prices.
*Germany shipyards' group forecasts rise in new orders. FRANKFURT, May 1- German shipyards expect orders to rise this year as they focus more on high-tech vessels for oil and gas exploration and for installing and servicing offshore wind farms, and as the global shipping industry emerges from a five-year slump.
Exxon Mobil reported first-quarter earnings on Thursday that beat Wall Street's expectations.
Mexico's government presented long-awaited legislation to flesh out energy reforms at the core of President Enrique Pena Nieto's growth agenda.
NAIROBI, April 24- British explorer Tullow Oil and partner Africa Oil Corp aim to submit development plans to the Kenyan government late next year for their oil discovery in the northwest of the country, executives from the firms said on Tuesday.
"Companies with money tied up in Russia would have a tough time getting it back out," says one foreign policy analyst.