The U.S. now leads the world in oil and natural gas production, putting out 11 million barrels per day. With that new-found success, oil man and entrepreneur Boone Pickens is calling for a new national energy strategy.
The Permian Basin in Texas and New Mexico is the nation's most prolific oil producing area. Six formations within the basin have provided the bulk of Permian's 60% increase in oil output since 2007.
A lightning strike sparked a fire and explosion that destroyed the third North Dakota saltwater disposal facility in recent weeks, sending thick black smoke billowing into the sky and leaving the smell of oil in the air.
Oil prices inched down toward $103 a barrel Wednesday as supply concerns dissipated and investors awaited the release of figures on U.S. stockpiles of crude and refined fuels that will be a key indicator of demand.
Prosecutors tried Tuesday to persuade a federal appeals court to reinstate some of the manslaughter charges against two BP employees in a case arising from the deaths of 11 workers in the 2010 Deepwater Horizon rig explosion in the Gulf of Mexico.
The city council is expecting another large turnout when it takes up a proposed ordinance that would prohibit loading tar sands crude oil onto ships.
Chevron Phillips Chemical says two people are injured after a fire at its Port Arthur facility. A statement from the company says the situation at the southeast Texas chemical plant is "under control" and that all personnel have been accounted for.
The parents of a contractor killed when a southwestern Pennsylvania natural gas well exploded in February have sued the Chevron subsidiary that owns the well.
Australia's experience illustrates how easy it is to scuttle complicated environmental laws, and serves as a warning to President Barack Obama, whose recent proposal to force a 30 percent cut in power plants' carbon emissions is drawing anger from both sides of politics.
Plans are in the works for a new natural gas transmission pipeline that could pass through Michigan on its way to Ontario, Canada, raising concerns among some residents who have seen their property dug up for an ongoing oil pipeline project.
The steel industry was expected to benefit greatly from the domestic boom in oil and gas drilling. But the anticipated windfall from supplying drilling companies with tubular steel for oil and gas pipelines is being undermined by a flood of cheap imports. American steelmakers have blamed foreign dumping for causing a severe oversupply and depressing prices.
Check out this infographic on tapping into an abundant energy source through sustainable water management.
GeoPark Limited (NYSE: GPRK), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina, announces the discovery of a new oil field in Chile.
On Monday, June 30, the national average retail gasoline price was $3.70 per gallon. Although this is the highest average heading into the Fourth of July holiday since 2008, gasoline prices in 2014 have remained well below the spring peaks reached in each of the previous three years.
Stone Energy Corp. of Lafayette is selling some oil and gas properties on the Gulf of Mexico shelf to Talos Energy Offshore LLC of Houston for $200 million cash.
As of January 1, 2014, there were 139 operating refineries and three idle refineries with total atmospheric crude oil distillation capacity (ACDU) of 17.9 million barrels per calendar day (bbl/cd), a 101,000-bbl/cd increase in capacity from January 1, 2013.
A former BP executive can be tried on a charge that he obstructed a congressional investigation into the 2010 Gulf oil spill, a federal appeals court in New Orleans said in a ruling Monday.
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.
In Pennsylvania's gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells.
A leaking oil pipeline caught fire in the northeastern Chinese port city of Dalian, forcing the evacuation of nearly 20,000 residents, according to a government oil company.
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.
New York's top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders.
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.