When President George W. Bush signed a law that year requiring oil companies to add billions of gallons of ethanol to their gasoline each year, Bush predicted it would make the country "stronger, cleaner and more secure." But the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits.
A new Associated Press investigation, which claimed that ethanol hasn't lived up to some of the government's clean-energy promises, is drawing a fierce response from the ethanol industry.
Oil driller Transocean has agreed to a deal with billionaire investor Carl Icahn after a months-long proxy fight. The company said today that it has agreed to support a dividend of $3 per share and reduce the size of its board. It is also looking to boost margins by $800 million through cost-cutting efforts and other measures.
An online ad for PA Governor Tom Corbett claims that the Marcellus Shale natural gas industry supports more than 200,000 jobs. Problem is, it's an iffy claim for an energy sector that economists say is relatively small.
Just a few years ago, drillers suspected water recyclers of trying to sell an unproven idea designed to drain money from multimillion dollar businesses. Now the system is helping drillers use less freshwater and dispose of less wastewater. Recycling is rapidly becoming a popular and economic solution for this burgeoning industry.
Emerson Process Management has introduced the Fisher brand i2P-100 electro-pneumatic transducer to assist oil and gas production facilities in meeting EPA emission control and reporting requirements.
Officials are investigating the cause of an explosion and fire at a saltwater disposal site in western North Dakota's McKenzie County. Thursday's explosion destroyed 13 storage tanks and resulted in a spill of 270 barrels of oil and 2,440 barrels of saltwater, a byproduct of oil and gas production.
Hastelloy pressure sensors from American Sensor Technologies meet industry standards for measuring speciality chemicals and gases in both hazardous and non-hazardous environments.
Connecticut regulators issued a draft ruling on Wednesday approving an ambitious, massive plan to expand natural gas service to about 280,000 new customers across the state over the next decade.
Members of family-owned Tracey Energy Services show how oil dealerships once expanded with a growing suburban population, but now the industry faces a boom in cheaper natural gas, on top of a more than 50 percent drop in the number of homes heated by oil.
Crest Industries, along with Gov. Bobby Jindal and LED Secretary Stephen Moret, announced Tuesday it will build a $15 million galvanizing plant in the southern part of the parish to serve customers in the electric utility and petrochemical industries. The company will furnish galvanized protective coatings for utility poles and equipment.
South Portland voters are deciding today whether to adopt an ordinance aimed at preventing the flow of tar sands oil to the city. Supporters said the proposal would protect the community of 25,000 residents from exposure to harmful toxins, while critics argued it would destroy existing businesses along the city's working waterfront.
The U.S. Coast Guard is seeking public comments on a proposal that would allow barges to transport shale gas wastewater. The wastewater is a byproduct of the drilling process, and it can include both man-made chemicals and naturally occurring heavy metals and radiation.
The Ukrainian government on Tuesday signed a shale gas production-sharing agreement with the Chevron, as the country strives for energy independence from neighboring Russia. Chevron will initially invest $350 million into exploratory and drilling work in the Oleska field in western Ukraine.
The nation's largest retail propane gas dealer is going to pay $545,000 in fees, donations and penalties to settle a case that alleged the company violated Vermont consumer protection laws by not promptly removing propane storage tanks or issuing refund checks after consumers terminated propane service, the Vermont Attorney General's office said Monday.
Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production.
The price of oil slipped closer to $94 a barrel today after falling more than 7 percent in the past month on ample supplies and muted demand. By early afternoon in Europe, benchmark U.S. crude for December delivery was down 31 cents to $94.30 in electronic trading on the New York Mercantile Exchange.
A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP's multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico. A year ago, BP PLC urged U.S. District Judge Carl Barbier to approve its agreement with a team of lawyers for Gulf Coast businesses and residents who claim the spill cost them money.
Chevron said that net income fell six percent in the third quarter as weak refining results and higher operating costs offset higher oil and gas production and prices. Chevron Corporation posted net income of $4.95 billion for the quarter on revenues of $56.6 billion. The nation's second-biggest oil company earned $2.57 per share.
After officials took nearly two weeks to tell the public about a Tesoro Corporation pipeline rupture that sent more than 20,000 barrels of crude spewing across a wheat field, the North Dakota Health Department told lawmakers that the agency would soon unveil a website where the public can see data on all oil spills and other hazardous leaks.
A coalition dedicated to continuing New York's five-year-old ban on hydraulic fracturing demanded that the state withdraw its proposed regulations for new liquefied natural gas facilities, saying they fail to consider all the risks. The new regulations would end a 40-year moratorium that was enacted after an explosion killed 40 workers at a Staten Island storage plant.
A judge is proposing that Pacific Gas and Electric Company pay $6.7 million in fines for improperly declaring two natural-gas pipelines safe and using misleading records in an attempt to minimize the lapse. Both pipelines are in the same system as one that exploded in 2010, killing eight people and destroying dozens of homes in San Bruno.
The grant will focus on the chemical and isotopic biomarkers that micro-organisms leave behind during their growth. Researchers say their work is the first of its kind and that it's important to understand the micro-organisms living in the shale because it has implications for current and past life on our planet.
A spokesman for Shell Alaska says the company will submit an Arctic offshore exploration plan sometime over the next few weeks, but hasn't decided whether it will move forward with drilling next year. Shell drilled in both the Chukchi and the Beaufort Seas in 2012, but suffered serious setbacks.
Recent safety and environmental problems at the Sinclair refinery have been numerous. Last year, three fires injured seven workers in racking up more than $200,000 in fines. In 2011, the state reached a $5.4 million settlement with Sinclair for spills into a pond on the refinery site. In 2009 the refinery was the scene of one of the biggest spills in Wyoming history.