NEW YORK— In a story Aug. 25 about Transocean Ltd., The Associated Press erroneously reported the date of the company's special meeting. Transocean moves to pause dividends, expects $2 B in charges. NEW YORK— With the price of oil at its lowest levels in more than six years, oil rig drilling company Transocean said Tuesday it wants to cancel two quarterly dividend...» Read More
Not everyone shared the same optimistic sentiments of safety that Iranian President felt after the deployment of a new warship into the Caspian Sea.
NBC News and CNBC look at the implications US energy independence would have for the economy, other types of energy, foreign policy and the environment.
Scott Darling, Head of Oil & Gas Sector Research at Barclays gives his top picks in China's oil & gas sector and warns that the nation's shale gas revolution might be running late by almost a decade.
Americans may believe North Korea has threatened to attack without provocation, but the U.S. and its allies have been doing some offensive posturing, Jen Alic writes in Oilprice.com.
China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.
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.