Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry. A conglomerate of companies including Texas-based Noble Energy has been developing Israel's offshore natural gas deposits.
City officials in the North Dakota oil patch say they are forging ahead with housing and infrastructure projects, despite an expected downturn in drilling in the next year. Watford City Mayor Brent Sanford said development and land sales are not slowing down because housing needs for permanent oil field workers have not been met, the Bismarck Tribune reported.
The Keystone Pipeline debate has been raging for years, but a new Senate makeup in 2015 could signal sweeping changes. On one hand, the Keystone pipeline project could greatly benefit the U.S. economy, and on the other, it could drastically harm the environment.
An explosion and fire early Friday morning killed two people and critically injured two others at an oil rig in southeastern Oklahoma. Authorities said the explosion occurred at the rig about 2 miles west of Coalgate in a remote area of rural Coal County about 100 miles southeast of Oklahoma City.
Lower oil prices are buoying Louisiana's fishermen, but putting the squeeze on others. The longer oil prices remain at their current levels, the deeper the job cuts could go. Manuel Bojorquez reports on the threat to jobs in the state's oil industry.
New York Gov. Andrew Cuomo is getting heaped with praise by environmentalists and scorn by business interests for a planned state ban on hydraulic fracturing for natural gas, even as he insists the decision wasn't his. Residents statewide remain almost evenly split on the issue.
Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. "Oil hasn't found a bottom yet, so the pain is only going to get worse as the price of oil continues to fall," said a chief market strategist.
Owned by Royal Dutch Shell, the 1,601-foot long ship is named the Prelude, and was built in South Korea, to be sent down off the coast of Western Australia, where it will be working as a floating liquefied natural gas facility. It has holding tanks big enough to store 175 Olympic-sized swimming pools of liquified natural gas.
A Boeing factory says it plans to switch to all renewable energy at the factory in Washington state where it assembles its 737 commercial airplanes. The aerospace company and the utility, Puget Sound Energy, announced the switch Tuesday at the Renton factory, near Seattle.
As Iraq offers price discounts on oil to Asian consumers, Katie Pilbeam investigates if this is a sign that crude producers are waging a price war. Also, Greece's election chaos sends markets crashing on fear that an elected leftist government would pull the country out of the eurozone.
Magnum Hunter Resources Corp. says that it lost control of a natural gas well in Ohio over the weekend. The well located in Monroe County had been temporarily plugged while work was being done elsewhere onsite. But when workers tried to resume production operations Saturday afternoon, the well began to flow uncontrollably.
People who own all-electric cars where coal generates the power may think they are helping the environment. But a new study finds their vehicles actually make the air dirtier, worsening global warming. Ethanol isn't so green, either. The key is where the source of the electricity all-electric cars.
The main goal for the two-week session in Lima was relatively modest: Reach agreement on what information should go into the pledges that countries submit for a global climate pact expected to be adopted next year in Paris. But even that became complicated as several developing nations rebelled against a draft decision they said blurred the distinction between what rich and poor countries can be expected to do.
The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA's Drilling Productivity Report (DPR) includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56 percent of total U.S. oil production.
The presidents of the Visegrad Four (V4) countries, or Hungary, Poland, Slovakia and the Czech Republic, and of Austria and Slovenia agreed at their summit in Prague on the need to diversify energy sources and distribution channels, they said in their joint declaration today. The declaration was presented at the close of the two-day summit.
There were 32 fracking health studies in 2011, 66 more in 2012, and 139 more in 2013, when the state Health Department was ordered to conduct its health fracking study. Of health-related papers, 96 percent cited potential health risks from fracking, according to the study.
BBC's Quentin Sommerville is the first journalist to make it to Iraq's largest oil refinery, after the Iraqi army liberated it from Islamic State. Back in the summer, Iraq's army collapsed in the face of the so-called Islamic State. With the help of coalition airstrikes, Iraq has defeated IS forces in its first major battle for the strategic Baiji Oil Refinery in the north of the country.
Russian President Vladimir Putin and Prime Minister Narendra Modi today assured industry leaders from the two countries of measures to enhance bilateral trade and investments. Putin, who is on a visit to India, was accompanied by a high-level delegation that includes business tycoons. Representatives of India Inc. raised various issues to increase trade flows in sectors like pharmaceuticals, banking, energy and infrastructure.
The “fissured landscape” of the shale gas industry is drawing regulators’ eyes as they seek to enforce labor laws, U.S. Department of Labor officials said. The department announced an agreement with roughly 145 oil and gas employers to pay a combined $4.5 million in back wages to 5,300 workers.
Bangladesh today retrieved an oil-leaking sunken tanker, two days after it capsized in a river at the Sundarbans, as the oil overnight spread in 34,000 hectares at the world's largest mangrove forest, which is home to dolphins, rare acquatic animals and Royal Bengal tigers.
A congressional investigation into the way states regulate the disposal of the often toxic waste generated during the fracking of oil and gas has expanded. Rep. Matthew Cartwright, D-Pa., launched the investigation in October by singling out his home state for the inquiry.
In a report released today, PwC US examines whether shale will continue to help drive a resurgence in U.S. manufacturing. The answer? A resounding yes. The report, titled “Shale Gas: Still a Boon For U.S. Manufacturing?” studied key areas such as cost savings, and estimated that the “shale effect” could save U.S. manufacturing $22.3 billion annually by 2030, assuming a high natural gas recovery and low-price scenario.
Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices. Carriers are forecasting record profits for 2015 thanks to cheaper fuel and rising demand. As a result, they expect to cut the average ticket price by 5 percent in 2015, excluding surcharges and taxes.
A gas tanker truck exploded outside Jerusalem on Wednesday after colliding with a vehicle, killing one person, the Israeli police said. According to the police, the gas truck flipped over after colliding with a car-carrier trailer in the Jerusalem-Tel Aviv Highway, causing the gas-laden truck to burst into flames.
North Dakota officials on Tuesday ordered the oil industry to reduce volatile gases in Bakken crude oil to make it safer to transport via oil trains. The order by the state Industrial Commission, a three-member board that includes the governor, requires oil companies to use equipment that removes light, potentially explosive hydrocarbons before shipping. It takes effect April 1.