Energy XXI is buying EPL Oil & Gas Inc. for about $1.53 billion in a deal that the companies say will create the biggest publicly owned independent oil producer on the Gulf of Mexico shelf.
Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth.
The value of U.S. natural gas net trade flows has experienced large percentage declines in recent years, because both the price and net volume of natural gas imports have been declining.
A bill to regulate the disposal of waste produced by gas-well drilling will likely be introduced by West Virginia Gov. Earl Ray Tomblin in a special session after both sides could not agree before midnight Saturday, the deadline for the regular session.
America's plan to use more natural gas to run power plants, make chemicals, drive vehicles and heat homes may not go as smoothly as expected. While there's plenty of natural gas in the ground, the harsh winter revealed unpredicted obstacles to producing it.
Severe corrosion caused a 2012 natural gas pipeline rupture and explosion in West Virginia and the incident likely could have been prevented if the pipeline had been inspected or tested, the National Transportation Safety Board said in a report released Monday.
The productivity of oil and natural gas wells is steadily increasing in many basins across the United States because of the increasing precision and efficiency of horizontal drilling and hydraulic fracturing in oil and natural gas extraction.
The federal Occupational Safety and Health Administration keeps a list of "the worst of the worst" employers in the nation — the Severe Violator Enforcement Program — and drilling companies with multiple fatalities should be on it, safety experts say.
A Texas company plans to build a new multimillion-dollar natural gas processing plant in south-central Kansas.
People have been caught nearly 150 times in the past year attempting to illegally dump loads of oil field waste — much of it radioactive — at two of the biggest landfills in western North Dakota.
Critics were raging after an energy giant offered pizza coupons to a community near a natural gas well that exploded last month, killing a worker, but the 750 or so residents of Bobtown were not.
The price of oil crept up to near $102 a barrel Friday as expectations rose for a solid increase in U.S. employment.
Borough mayors in Alaska want to ensure they have a say on terms that will affect local communities and be negotiated by the state in pursuit of a mega-liquefied natural gas project.
The crude oil that exploded during a fatal derailment in Quebec last year that killed 47 people had characteristics similar to that of unleaded gasoline, a highly flammable liquid, Canada's transportation safety agency said Thursday.
Calvin Duane, of Canadian Natural, talks about the technology used to keep birds away from tailings ponds, ensuring the safety of the animals and that the ponds have minimal impact on their environment.
The New York state Department of Transportation has fined CSX Railroad $10,000, saying it failed to report two oil train derailments within an hour of when they happened as required by state law.
The nation's biggest oil company said that it will spend $39.8 billion on energy projects and other costs this year, down from $42.5 billion last year.
A federal judge handed a key legal victory Wednesday to landowners battling a Nebraska gas firm in a lawsuit over the condemnation of more than 9,100 acres spanning three counties in south-central Kansas.
Environmentalists vowed Wednesday to fight Enbridge Inc.'s plan to replace and sharply boost the capacity of a crude oil pipeline that runs from Canada to Wisconsin, saying the project will exacerbate climate change.
A North Carolina appeals court upheld Tuesday the state's regulatory approval of the deal that made Duke Energy Corp. the country's largest electric company when it purchased Progress Energy.
A new buyer of the North Pole refinery will be not be held responsible for groundwater contamination that leaked from the plant, but that won't be the case for the current owner, according to Alaska Gov. Sean Parnell.
Static electricity is suspected of sparking a massive explosion and fire at an oil and gas drilling site in northern Colorado that injured two workers.
"Black Horizon," the eleventh book in James Grippando's Jack Swyteck series, revisits the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.
A Columbia River industrial plant converted from making ethanol to shipping volatile North Dakota crude oil has been operating improperly by moving six times the volume its permit allowed, Oregon regulators say.