Koch Industries is buying PetroLogistics in a deal valued at approximately $2.1 billion, including debt. PetroLogistics makes propylene, a widely used building block material that goes into everything from paint and building materials to clothing and automotive parts.
An ethanol plant in Hopewell that sat idle since 2010 has begun operations under its new owner.
A House committee has approved a plan to speed up hydraulic fracturing for oil and gas in Illinois. The Executive Committee voted 7-4 Monday to advance the plan by Rep. John Bradley despite protests from environmentalists.
Safety regulators have quietly placed two extra conditions on construction of the Keystone XL oil pipeline after learning of potentially dangerous construction defects involving the southern leg of the Canada-to-Texas project.
Greenpeace says activists have boarded two offshore drilling rigs in a protest against oil and gas exploration in Arctic waters.
Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long.
Gulf LNG Liquefaction Co. is compiling data to support an application to the Federal Energy Regulatory Commission to add liquefaction and export capabilities to its $1 billion liquefied natural gas storage terminal in Pascagoula.
The Oklahoma House has approved a bill to adjust and make permanent a generous tax incentive for oil and gas production in the state.
The state Senate tentatively agreed Wednesday to push to the finish line prep work for natural gas exploration in North Carolina using hydraulic fracturing — better known as fracking — so that the first permits for drilling could be issued starting next summer.
U.S. Vice President Joe Biden says Cyprus's newly found offshore natural gas reserves can transform the eastern Mediterranean into a "global hub" for the fossil fuel.
Algeria's Cabinet has announced it will move forward with the exploitation of the country's large shale gas reserves.
Gov. Jack Dalrymple told a huge oil industry conference Wednesday that North Dakota would no longer allow flaring of natural gas from oil wells in the Bakken region for longer than one year.
Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.
The future of crude oil shipments by train depends on proving to the public that it can be done safely, the head of BNSF Railway Co. said Wednesday.
Venezuela's state oil company PDVSA has secured a $2 billion credit line from several energy service companies, including U.S.-based Halliburton and Schlumberger.
China signed a landmark deal to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.
A bill that would make it a crime to publicly disclose the secret chemical mixtures that energy companies pump into the ground when fracking for natural gas is headed for a vote before the North Carolina Senate.
The U.S. oil industry pushed back against tougher rules for rail cars carrying crude following a string of fiery accidents, asserting in a new report that oil from the Northern Plains is no more dangerous than some other cargoes.
Environmental groups and a northern New Jersey homeowners' coalition raised objections to a planned billion-dollar pipeline that would carry North Dakota crude oil from a train terminal at the Port of Albany to coastal refineries and return gasoline, diesel, heating oil and other petroleum products to upstate New York.
America’s shale energy revolution is creating and sustaining hundreds of thousands of jobs in diverse sectors of the economy that supply construction, equipment, supplies and services to shale energy operations, and making the U.S. manufacturing sector more competitive.
A federal appeals court has refused to reconsider its previous ruling that businesses don't have to prove they were directly harmed by BP's 2010 Gulf Of Mexico oil spill to collect settlement payments.
New Hampshire Gov. Maggie Hassan is planning to sign a bill that raises the tax on gasoline and diesel by 4 cents per gallon, the first increase since 1991.
The changes would compel operators to monitor benzene emissions along their fence lines, upgrade storage tank emission controls, ensure waste gases are properly destroyed and adopt new emission standards for delayed coking units. Operators would also have to make the results of monitoring publicly available.
Federal land managers have begun evaluating a proposal to expand an east-central Wyoming oil and gas field with up to 5,000 new wells, asking for public comment on the project.
China plans to sign a multibillion-dollar deal to buy Russian gas during a visit by President Vladimir Putin next week despite U.S. pressure to avoid undermining sanctions on Moscow over the Ukraine crisis.