An agreement to reunify ethnically divided Cyprus could ease the supply of newly-found offshore gas to Europe by allowing it to go through Turkey, the U.S. ambassador to the east Mediterranean island nation said Thursday.
Crude oil inventories at Cushing, Oklahoma, the primary crude oil storage location in the United States and the delivery location for the New York Mercantile Exchange (Nymex) West Texas Intermediate (WTI) crude oil futures contract, declined 12 million barrels (29%) over the past seven weeks.
The Arkansas Legislature overrode Gov. Mike Beebe's veto of a $5 million tax exemption for natural gas drillers, despite the governor's warning that including the tax break in a budget bill was unconstitutional and jeopardizes pay raises proposed for state workers.
High bids from Freeport-McMoRan Oil & Gas LLC made up more than one-third of the $850.8 million total at Wednesday's federal oil lease sale for the central Gulf of Mexico. It also was the first sale since the government said BP PLC can again secure federal contracts; the company made $41.6 million in high bids.
The Alaska Senate on Tuesday passed legislation aimed at advancing a major liquefied natural gas project, over nagging concerns about the role of TransCanada Corp.
In the first federal oil lease sale since the government said BP PLC can again get federal contracts, BP has bids on 31 tracts in the central Gulf of Mexico.
Thousands of gallons of crude oil has leaked from an interstate pipeline into the area of a southwest Ohio nature preserve, authorities said.
The Palestinian Authority announced plans to explore for oil in the West Bank, throwing a new element of uncertainty and confusion into troubled U.S.-backed peace efforts.
New England's electric grid operator says a lack of pipelines is making natural gas costlier, pushing up wholesale electricity prices in the region by 55 percent last year.
Hoping to attract workers to fill more than 25,000 jobs, Lt. Gov. Drew Wrigley and the North Dakota Economic Development Foundation unveiled a "Find the Good Life in North Dakota" campaign at the state Capitol in Bismarck.
A Colorado oil company will likely be sanctioned for not heeding a warning to properly secure a North Dakota well that flooded and spilled oil near the confluence of the Yellowstone and Missouri rivers.
New Jersey lawmakers are considering a ban on treating or storing waste products created by hydraulic fracturing operations in the natural gas exploration industry.
Environmental regulators promised an aggressive cleanup after a tanker train hauling 2.9 million gallons of crude oil derailed and burned in a west Alabama swamp. So why is dark, smelly crude oil still oozing into the water four months later?
The Midland-based oil and gas company announced it closed the sale on select holdings in Wilson, Brazos, La Salle, Frio and Robertson counties.
The biggest oil producer in Nigeria refused to say how many thousands of barrels of exports are affected by the closure.
A team of Navy SEALs has taken control of a stateless oil tanker seized earlier in the month by Libyan rebels, the Pentagon said Monday.
ExxonMobil has edged another step closer to undertaking oil shale research-and-development projects with the Bureau of Land Management's approval of development plans.
Under an agreement reached Thursday with the U.S. Environmental Protection Agency, more than two dozen BP entities and its Houston-based oil production and exploration arm can secure new government contracts.
State data show North Dakota's oil production in January saw a small increase compared to the previous month.
President Barack Obama's former national security adviser said Thursday that Obama should approve the Keystone XL oil pipeline to send Russian President Vladimir Putin a message that "international bullies" can't use energy security as a weapon.
With the U.S. on the verge of entering the conflict between Russia and the Ukraine, Obama and Congress are eyeing natural gas exports as a way to rein in Vladimir Putin from reclaiming border territories. We are now faced with the choice to let natural gas serve as a geo-political tool to enable a global energy transformation or a modern weapon to settle disputes.
The high court sent the case back to a lower court on a technicality, but noted that Wyoming didn't offer enough evidence that the state oil and gas supervisor was correct to withhold the ingredient lists in response to requests for them.
The explosion that leveled two apartment buildings in New York on Wednesday, apparently because of a gas leak, prompted authorities to renew their appeals to the public to report possible gas leaks immediately.
Shell's Chief Executive Officer Ben van Beurden says the company will cut capital spending in the U.S. by 20 percent in 2014 after setbacks in its shale gas operations and in Alaska.