The average price of a regular gallon of gas jumped 13 cents in the past two weeks to $2.20, ending a sustained drop. Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump. However, the price is $1.10 below...
The ship is named after convicted Nazi war criminal Pieter Schelte Heerema — which has prompted a chorus of outrage among the Jewish community and others. Shell said that it supports a change in the name, but that the ship’s owner — Swiss-based group Allseas Group SA — has refused.
In the 1970s, the environmental movement had no bigger political hero than California Gov. Jerry Brown. He cracked down on polluters, ended tax breaks for oil companies and promoted solar energy. Forty years later, in his second go-around as governor, conservationists are among his harshest critics.
The news came six days after the collapse in world oil prices prompted Sasol, of South Africa, to announce a delay in final investment plans for a $14 billion plant in the same area to convert natural gas to diesel and other liquid fuels.
Assessing the damage inside the reactors is a crucial step in the decommissioning of the plant, which was badly damaged by a 2011 earthquake and tsunami. Use of a remote-controlled robot is essential because no humans can go close to the reactor chambers because of their fatally high radiation levels.
State records show that California's oil and gas regulators improperly allowed oil companies to inject drilling fluids into federally-protected water aquifers more than 2,500 times. The oil industry says the permits were valid and that the scrutiny comes from heightened sensitivity to wastewater issues.
Oil prices yo-yoed this week, giving analysts whip lash as they hurried to decide what it all means, and forecast what the future holds. On Wednesday the price of a barrel had fallen to about $48, but by Thursday was back up to $52. And as quickly as some were to determine that prices were rallying, other chimed in to point out that it likely won’t last.
The months-long slide in crude oil prices has resulted in thousands of layoffs in Texas, the nation's top oil-producing state. In second-place North Dakota, however, the burgeoning shale oil and natural gas sector will apparently be spared mass job cuts in the short term.
Even with gas prices hovering around $2 per gallon, Washington state lawmakers are considering a raft of bills to encourage more drivers to turn to electric cars in the name of reducing pollution. Plug-in-and-charge automobiles are gaining popularity in the state. Washington records show there were nearly 12,000 registered electric cars by the end of last year.
The Nuclear Security Council said in a statement that the Vandellos II plant in northeastern Spain shut down automatically at 3 p.m. (1400 gmt) Tuesday after there was electricity line disruption. The council said the incident represented no threat to workers at the plant, the public or the environment.
After a dramatic weekend of clashes between Islamic State (ISIS) fighters and Kurdish forces, an oilfield in Iraq has been left burning and damaged. As of Monday, service from the oilfield was still halted, potentially putting a dent in revenue from the country’s key export.
The rapid increase in domestic oil production in recent years helped fuel a banner year for Texas' economy in 2014. As the price of oil has plummeted to less than half its summer value, however, the industry continues to bear the brunt of job cuts.
The report, titled "America’s Advanced Industries: What They Are, Where They Are, and Why They Matter," analyzed 50 high-technology industries, from aerospace to foundries to pharmaceuticals. Those sectors employed more than 12 million Americans directly and more than one-quarter of all U.S. jobs when indirect positions were factored in.
The new Republican-controlled Congress appeared skeptical of the president's outreach to the heart of the nation's coal country, with Republican Senate Majority Leader Mitch McConnell announcing Monday that he would personally oversee the budget of Obama's Environmental Protection Agency.
The net income figure includes a $5 billion writedown on the value of BP's inventories, after the price of Brent crude, the benchmark for North Sea oil, dropped almost 50 percent last year. BP posted a profit of $1.04 billion in the fourth quarter of 2013.
Gov. John Hickenlooper's task force on oil and gas discussed proposals Monday that would force energy companies to disclose all the chemicals they use in hydraulic fracturing and give local governments more of a say on where wells can be drilled.
A report released by a global research group recommends that governments cease most attempts to bolster bioenergy production, arguing they "undercut efforts to combat climate change and to achieve a sustainable food future."
It's been a rough start to 2015 for safety concerns at pipelines transporting oil, natural gas or their byproducts throughout the country. This week, a pipe in West Virginia became at least the fifth to rupture so far this year, exacerbating concerns about structural weaknesses and lax oversight in the industry.
Critics claim it will disastrously increase the pollution blamed for global warming and put communities along its 1,179-mile route at risk for a damaging spill, all for oil and products that will be exported anyway. Which is it? A check of some of the claims about the pipeline as a bill approving it heads toward likely passage...
Oil accounts for a tiny fraction of electricity for the U.S. as a whole, but it powered more than 70 percent of Hawaii's electrical needs as of late 2013, according to the U.S. Energy Information Administration — and all of it had to cross an ocean to get there.
A thick layer of smog and exhaust was the backdrop for some of President Obama’s recent trip to India. The toxic mix provided a visual reminder of what’s at stake for those hoping to improve air quality in India and reduce the globe’s overall emissions from fossil fuels.
Police chief Art Walgren knew how much the oil boom had changed this once-sleepy town when he spotted something that would have been unheard of not long ago: license plates from Sinaloa, Mexico, home to one of the world's most violent drug cartels.
In a move that shocked many Democrats and environmentalists, the Senate overwhelmingly voted 98-1 on Wednesday to approve an amendment stating that climate change is “real and not a hoax.” Even one of the most notorious global warming deniers, Republican Sen. Jim Inhofe of Oklahoma, signed on to the amendment, which was offered during a debate over the Keystone XL Pipeline bill.
There's been a lot of noise about OPEC's role in the current decline of oil prices — but UAE Energy Minister, Suhail al-Mazrouei says shale producers should be "rational" about their output and that the market may not be suitable for them.
The world burns enough oil-derived fuels to drain an Olympic-sized swimming pool four times every minute. Global consumption has never been higher — and is rising. Yet the price of a barrel of oil has fallen by more than half over the past six months because the globe, experts say, is awash in oil.