Kentucky is not seeking to collect a $20 million judgment the state won in court from a now-bankrupt oil company found to have bilked its customers in a drilling scam.
Marathon Oil is selling its Norwegian business to Det Norske Oljeselskap ASA in a deal valued at about $2.7 billion as it streamlines operations and hones its focus on the U.S.
North Carolina lawmakers have given preliminary approval to a measure that would allow fracking for natural gas to begin in the state next year.
U.S. sanctions over Russia's annexation of Crimea have targeted close associates of Russian President Vladimir Putin, including the president of Russia's largest oil company, Rosneft, but not the company itself. Exxon has an exploration and production agreement with Rosneft in the Russian arctic and Siberia.
The amount of explosive gas tainting a North Texas neighborhood's water supply has increased in recent years, but the state's oil and gas regulator says it can't link the methane to drilling activity nearby, according to a report it released yesterday.
A Japanese oil tanker exploded off the country's southwest coast near Himeji port, leaving one of the eight people aboard missing, the coast guard said. Four others were severely injured.
In 2013, the United States exported 527,000 bbl/d of petroleum products to Mexico, including motor gasoline, distillate fuel oil, and liquefied petroleum gases.
KBR has announced that it has been awarded a contract by Maersk Oil for topsides front end engineering and design (FEED) for the Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production (UK) Limited and Britoil (BP) have chosen a new standalone facility to develop the Culzean discovery.
Koch Industries is buying PetroLogistics in a deal valued at approximately $2.1 billion, including debt. PetroLogistics makes propylene, a widely used building block material that goes into everything from paint and building materials to clothing and automotive parts.
An ethanol plant in Hopewell that sat idle since 2010 has begun operations under its new owner.
A House committee has approved a plan to speed up hydraulic fracturing for oil and gas in Illinois. The Executive Committee voted 7-4 Monday to advance the plan by Rep. John Bradley despite protests from environmentalists.
Safety regulators have quietly placed two extra conditions on construction of the Keystone XL oil pipeline after learning of potentially dangerous construction defects involving the southern leg of the Canada-to-Texas project.
Greenpeace says activists have boarded two offshore drilling rigs in a protest against oil and gas exploration in Arctic waters.
Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long.
Gulf LNG Liquefaction Co. is compiling data to support an application to the Federal Energy Regulatory Commission to add liquefaction and export capabilities to its $1 billion liquefied natural gas storage terminal in Pascagoula.
The Oklahoma House has approved a bill to adjust and make permanent a generous tax incentive for oil and gas production in the state.
The state Senate tentatively agreed Wednesday to push to the finish line prep work for natural gas exploration in North Carolina using hydraulic fracturing — better known as fracking — so that the first permits for drilling could be issued starting next summer.
U.S. Vice President Joe Biden says Cyprus's newly found offshore natural gas reserves can transform the eastern Mediterranean into a "global hub" for the fossil fuel.
Algeria's Cabinet has announced it will move forward with the exploitation of the country's large shale gas reserves.
Gov. Jack Dalrymple told a huge oil industry conference Wednesday that North Dakota would no longer allow flaring of natural gas from oil wells in the Bakken region for longer than one year.
Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.
The future of crude oil shipments by train depends on proving to the public that it can be done safely, the head of BNSF Railway Co. said Wednesday.
Venezuela's state oil company PDVSA has secured a $2 billion credit line from several energy service companies, including U.S.-based Halliburton and Schlumberger.
China signed a landmark deal to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.
A bill that would make it a crime to publicly disclose the secret chemical mixtures that energy companies pump into the ground when fracking for natural gas is headed for a vote before the North Carolina Senate.