U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total.
The price of oil rose Tuesday on expectations for stronger demand following an improvement in manufacturing activity in China, the world's biggest oil importer.
The U.S. Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.
The American Chemistry Council (ACC) issued its 2014 edition of the Guide to the Business of Chemistry, a detailed economic profile of the chemistry industry and its contributions to the U.S. and world economies.
ConAgra Foods Inc. has completed a $200 million expansion of its Lamb Weston frozen potato plant in Boardman, Oregon.
Alaska is now party to a lawsuit against the U.S. Environmental Protection Agency over its involvement with the proposed Pebble Mine.
The Supreme Court won't hear a challenge to California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions.
Paint and coatings maker PPG Industries is buying Consorcio Comex SA de CV for $2.3 billion to help bolster its architectural coatings presence in Mexico and Central America.
Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.
BP wants a federal judge to order restitution — plus interest — of what it says are hundreds of millions of dollars in overpayments to some businesses that claimed losses due to the 2010 Gulf oil spill.
Measured on a three-month moving average (3MMA), the CAB’s 0.5 percent gain beat the average first quarter monthly gains of 0.3 percent. Though the pace of growth has slowed significantly, gains in June have brought the CAB up a solid 4.3 percent over this time last year.
A bill approved by the Legislature to adjust Oklahoma's tax on oil and gas production is unconstitutional because it passed in the final days of the session and didn't receive a three-fourths vote in the House and Senate, according to a lawsuit filed with the state Supreme Court.
More than 120 people are being laid off at an Alpha Natural Resources mine in southwest Virginia amid declining production and demand.
North Dakota regulators have approved the construction of a portion of a $2.6 billion pipeline that would move North Dakota oil to Minnesota and Wisconsin.
Natural gas prices were falling to four-week lows after the U.S. government reported a sharp buildup in the country's natural gas storage levels.
Southern California Gas Co. must pay nearly $20 million to a man who was badly injured in a gas explosion, a Los Angeles jury decided Wednesday.
Cliffs Natural Resources Inc. plans to temporarily idle its Pinnacle underground mine in southern West Virginia.
Alcoa is delving deeper into the aerospace industry, spending nearly $3 billion to acquire the British jet engine component company Firth Rixson.
Monsanto said its earnings fell more than 5 percent in the third fiscal quarter on lower sales of biotech seeds, but its performance still topped Wall Street estimates and the company raised its 2014 outlook. It also announced plans to repurchase $10 billion in shares.
The U.S. is trying to derail a project to build a gas pipeline that bypasses Ukraine to supply Europe, according to Russian President Vladimir Putin, after Russian and Austrian energy firms agreed to build the pipeline's western end.
Gov. Jack Dalrymple urged industry and government officials to build more pipelines to keep pace with the breakneck speed of North Dakota's oil production.
DuPont Protection Technologies announced that over one million bullet-resistant vests made with DuPont™ Kevlar® XP™ have been sold globally since the advanced material was launched at Eurosatory in 2008.
The world's first purpose-built liquefied natural gas (LNG) carrier, the Methane Princess, entered service 50 years ago, in June 1964. Since then, the global LNG carrier fleet has grown to include 357 ships, with an average capacity of 150,000 cubic meters of LNG per ship (approximately 3,300 million cubic feet (MMcf) of natural gas), more than five times larger than the capacity of the Methane Princess.
Hi-Crush Partners LP, or Hi-Crush, announced the entry into a new long-term frac sand purchase agreement between Hi-Crush Operating LLC, a subsidiary of Hi-Crush, and Halliburton Energy Services, Inc., or Halliburton, which amends and restates the existing supply agreements between Hi-Crush and its affiliates and Halliburton.