Royal Dutch Shell PLC said Monday Chief Executive Peter Voser will step down in early 2014, and the company reported lower first-quarter profits in the wake of a decline in oil prices. The departure comes as a surprise, as Voser is just 54 years old and is well-regarded within the industry.
Norwegian oil company Statoil ASA saw first-quarter net income plunge 60 percent against the same period last year as production cuts, operational disruptions and reduced prices took their toll. Profit in January through March was 6.4 billion kroner ($1.1 billion) down from 15.4 billion kroner a year earlier, Statoil said Thursday.
An attempt by Ecuadorian villagers to have a Canadian court enforce a $19 billion judgment against multinational oil giant Chevron Corp was dismissed Wednesday by Ontario Superior Court Justice David Brown who ruled Canadian courts have no jurisdiction in the case.
General Electric recently made a huge bet on shale, buying an oil and gas equipment company called Lufkin Industries for $3.3 billion. The purchase will boost GE's portfolio of U.S. energy businesses. Shares of both Lufkin and GE were up with word of the news.
State environmental regulators improperly changed state rules to allow Indiana ethanol refineries to release an extra 150 tons of air pollutants per year, the Indiana Court of Appeals ruled Tuesday. The appeals court overturned a lower court ruling that allowed the Indiana Department of Environmental Management to reclassify ethanol refineries.
Developers suspended work Tuesday on a $2.8 billion coal-gasification plant proposed for southwest Indiana -- other than a pending appeal before the Indiana Supreme Court -- days after the Legislature approved a bill that backers said effectively killed the project.
Dominion Virginia Power's request to build a gas-fired power plant in Brunswick County is in the hands of state regulators. The state's largest utility is asking the State Corporation Commission to give the green light to the proposed $1.3 billion power plant near Lawrenceville.
Gas drilling isn't to blame for a high-profile case of methane contamination in northeastern Pennsylvania, state environmental regulators declared Monday, but a homeowner with fouled water vowed to press on and said she doesn't trust the agency.
Critics of hydraulic fracturing urged lawmakers Monday to impose a moratorium on the controversial drilling technique, saying there is too much uncertainty about its health and environmental effects. More than two dozen opponents of "fracking" lined up to share their concerns at an Assembly Natural Resources Committee hearing.
The Environmental Protection Agency has dramatically lowered its estimate of how much of a potent heat-trapping gas leaks during natural gas production, in a shift with major implications for a debate that has divided environmentalists.
Nearly three years after a deadly explosion aboard BP's Deepwater Horizon oil rig that spilled nearly five million barrels of oil into the Gulf of Mexico, businesses in Southwest Florida, especially those involved in fishing and tourism, are still feeling the sting.
Exxon Mobil Corp. said earnings rose slightly in the first quarter as profits from chemicals production surged enough to offset declining production of oil and gas. Lower taxes also helped. The company reported net income that totaled $9.5 billion in the quarter.
Gas drilling company Lenape Resources had sued the Livingston County town of Avon, claiming its moratorium on natural gas drilling was illegal because the state Department of Environmental Conservation has sole power to regulate the industry.
Enterprise Products Operating LLC will have to pay a civil penalty of more than $838,000 as part of a settlement with the New Mexico Environment Department over numerous alleged emissions violations at 31 different sites operated by the company and its subsidiaries.
A construction company and a natural gas pipeline owner have settled a lawsuit filed after a northwest Iowa pipeline explosion nearly a year ago, which nearly killed two workers who ran and escaped fatal injury before an underground pipeline erupted into a fireball.
Halliburton, BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010, announced Monday that it is trying to negotiate a settlement over its role in the disaster, a focus of trial testimony that ended last week.
The EPA again is raising objections to the proposed Keystone XL pipeline that would carry oil from western Canada to the Texas Gulf Coast. Despite more than four years of study, the agency says the State Department's analysis of the project's environmental impact is "insufficient."
A Colorado natural gas driller performs hydraulic fracture drilling, using water and steam mixtures as they drill deep into the earth to extract natural gas. The company needed to prevent corrosive water from destroying heaters as they worked to keep the process online through the cold Colorado mountain winters.
Tests of pipe samples from Chevron Corp.'s El Segundo refinery found corrosion to an extent similar to the pipe that failed and caused a large fire at the company's Richmond facility, a report released Thursday found. The tests found up to 60 percent pipe wall loss.
Norwegian energy company Statoil ASA says it has found "significant" new oil resources in the North Sea. State-controlled Statoil on Friday estimated there are between 40 million and 150 million recoverable barrels in the new discovery in the Gullfaks oil field.
The Gulf coast appears healthy three years after the nation's worst oil spill, but scientists and environmentalists are worried that problems may lurk below the surface. The long-term environmental damage from the spill is still not fully known.
A proposed Canada-to-Texas oil pipeline would run just 1,000 feet from Terri Funk's doorstep, but the Nebraska farmer and her husband don't plan to protest or even attend the U.S. State Department's lone public hearing on the contentious proposal Thursday.
Environmental groups and Flint Hills Resources announced an agreement Tuesday to cut greenhouse gas emissions and smog-forming air pollution from the company's planned upgrade at Minnesota's largest oil refinery. Flint Hills agreed to additional energy efficiency and monitoring that will cut greenhouse gases by about 52,000 metric tons.
The North Dakota House has endorsed a measure aimed at curbing the oil industry's practice of wasting natural gas at oil wells. The House voted 93-0 Tuesday to allow tax cuts on natural gas if it's collected and used for agricultural, industrial or railroad purposes. North Dakota's Senate approved the measure earlier.
More than 470 people are suing BP for $1 billion, saying they became sick due to a 15-day gas leak at its refinery in Texas City. Mercaptan, a pungent, harmless gas often added to natural gas, leaked from a storage tank in November 2011.