Last week BP Chief Executive Bob Dudley weighed in on one of the most important — and heated — discussions facing manufacturers today: the direction of oil prices. Dudley announced dour confidence that crude prices would stay below $100 for a “long time.”
The deadline is part of a broad plan the state sent the U.S. Environmental Protection Agency last week for bringing state regulation of oil and gas operations back into compliance with federal safe-drinking water requirements. State authorities made the plan public Monday.
Protesters against Algeria's plans to exploit its massive shale gas reserves said Monday they will carry their demonstrations to the actual desert drilling sites after the state oil company said exploration would continue. Since the beginning of the year, there have been demonstrations across Algeria...
At least 6,000 protesters marched through Haiti's capital Saturday to demand lower gas prices and the ouster of President Michel Martelly. The protest in Port-au-Prince remained peaceful overall although police briefly threw tear gas and dispersed a crowd that had thrown trash and tires in the street to block traffic.
The Russian-sponsored resolution, obtained Friday by The Associated Press, would also require all 193 U.N. member states to take "appropriate steps" to prevent the trade in antiquities and other items of historical, cultural, rare scientific and religious importance illegally removed from Syria.
The first nationwide strike at U.S. oil refineries since 1980 is spreading to two BP plants in the Midwest. The United Steelworkers union has notified BP Plc. that workers at refineries in Ohio and Indiana will strike late Saturday night, joining a walkout that began this week at nine other refineries.
The average price of a regular gallon of gas jumped 13 cents in the past two weeks to $2.20, ending a sustained drop. Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump. However, the price is $1.10 below...
The ship is named after convicted Nazi war criminal Pieter Schelte Heerema — which has prompted a chorus of outrage among the Jewish community and others. Shell said that it supports a change in the name, but that the ship’s owner — Swiss-based group Allseas Group SA — has refused.
In the 1970s, the environmental movement had no bigger political hero than California Gov. Jerry Brown. He cracked down on polluters, ended tax breaks for oil companies and promoted solar energy. Forty years later, in his second go-around as governor, conservationists are among his harshest critics.
The news came six days after the collapse in world oil prices prompted Sasol, of South Africa, to announce a delay in final investment plans for a $14 billion plant in the same area to convert natural gas to diesel and other liquid fuels.
State records show that California's oil and gas regulators improperly allowed oil companies to inject drilling fluids into federally-protected water aquifers more than 2,500 times. The oil industry says the permits were valid and that the scrutiny comes from heightened sensitivity to wastewater issues.
Oil prices yo-yoed this week, giving analysts whip lash as they hurried to decide what it all means, and forecast what the future holds. On Wednesday the price of a barrel had fallen to about $48, but by Thursday was back up to $52. And as quickly as some were to determine that prices were rallying, other chimed in to point out that it likely won’t last.
The months-long slide in crude oil prices has resulted in thousands of layoffs in Texas, the nation's top oil-producing state. In second-place North Dakota, however, the burgeoning shale oil and natural gas sector will apparently be spared mass job cuts in the short term.
A Texas-based company that makes piping and casing for oil and gas drilling has postponed plans to build a manufacturing plant in northeast Nebraska. Tejas Tubular Products President Maximo Tejeda told the Norfolk Daily News that he remains committed to building a mill next to Nucor Steel in Norfolk.
Even with gas prices hovering around $2 per gallon, Washington state lawmakers are considering a raft of bills to encourage more drivers to turn to electric cars in the name of reducing pollution. Plug-in-and-charge automobiles are gaining popularity in the state. Washington records show there were nearly 12,000 registered electric cars by the end of last year.
After a dramatic weekend of clashes between Islamic State (ISIS) fighters and Kurdish forces, an oilfield in Iraq has been left burning and damaged. As of Monday, service from the oilfield was still halted, potentially putting a dent in revenue from the country’s key export.
The rapid increase in domestic oil production in recent years helped fuel a banner year for Texas' economy in 2014. As the price of oil has plummeted to less than half its summer value, however, the industry continues to bear the brunt of job cuts.
The net income figure includes a $5 billion writedown on the value of BP's inventories, after the price of Brent crude, the benchmark for North Sea oil, dropped almost 50 percent last year. BP posted a profit of $1.04 billion in the fourth quarter of 2013.
Gov. John Hickenlooper's task force on oil and gas discussed proposals Monday that would force energy companies to disclose all the chemicals they use in hydraulic fracturing and give local governments more of a say on where wells can be drilled.
The toxic sludge created by a coal ash spill in the eastern U.S. may have settled to the river’s floor — but the debate about how much the company responsible for the spill should now pay is just heating up. A year ago, the collapse of an old drainage pipe owned by Duke Energy Eden triggered the third largest coal ash spill in U.S. history.
The strike is the largest at refineries in more than three decades, though the workers in question represent just a fraction of the roughly 30,000 USW members working at 63 refineries and plants, which account for about two-thirds of the nation's refining capacity.
Several trends have weighed on U.S. factories in recent months. Overseas economies are weak. And the dollar has risen steadily in value as the U.S. economy's strength has attracted international investors. Both trends have weighed on American firms' export sales.
While the proposed Keystone pipeline continues to pit environmental and business interests in Washington against each other, a Canadian energy distributor hopes to dramatically expand a pipeline carrying crude oil across Wisconsin — increasing its capacity far beyond Keystone.
Royal Dutch Shell PLC will move forward with drilling off Alaska's northwest coast if it can obtain permits it needs and drill safely, its chief executive officer said Thursday. Speaking in London on the company's fourth-quarter earnings, Ben van Beurden said Shell will move forward with its plan to use two drill vessels in the Chukchi Sea, subject to getting permits and legal clearance.
A report released by a global research group recommends that governments cease most attempts to bolster bioenergy production, arguing they "undercut efforts to combat climate change and to achieve a sustainable food future."