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The Lead

Va. Board OKs $361,000 Fine Against CSX For 2014 Derailment

March 31, 2015 10:44 am | by The Associated Press | News | Comments

CSX also agreed to complete restoration of the river bank in the area of the derailment and monitor the river for any long-term environmental impacts from the incident.

US to Pledge up to 28 Percent Emission Cut in Global Treaty

March 31, 2015 10:33 am | by JOSH LEDERMAN, Associated Press | News | Comments

The United States will pledge Tuesday to cut its greenhouse gas emissions up to 28 percent as...

High Plains Coal-Bed Methane Reservoir Deal Headed to Vote

March 31, 2015 10:29 am | by MEAD GRUVER, Associated Press | News | Comments

An agreement between Wyoming environmental regulators, a gas developer and a bond surety company...

NYC Blast Probe Highlights Problem of Stealing Gas

March 31, 2015 9:58 am | by COLLEEN LONG and JENNIFER PELTZ, Associated Press | News | Comments

While officials caution that they aren't certain of the cause of last week's blast in New York's...

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Northeast, Despite Highest Gas Costs, Resists More Pipelines

March 30, 2015 4:21 pm | by RIK STEVENS, Associated Press | News | Comments

There is near universal agreement that the Northeast has to expand its energy supply to rein in the nation's highest costs and that cheap, abundant, relatively clean natural gas could be at least a short-term answer. But heels dig deep when it comes to those thorniest of questions: how and where?

Low Crude Prices Curb Job Growth For Oil-Producing States

March 30, 2015 3:38 pm | by Andy Szal, Digital Reporter | News | Comments

Newly released estimates from the Bureau of Labor Statistics showed that the global drop in oil prices hindered growth in many of the country's top oil producing states.

Study: Lifting Crude Export Ban Would Benefit US Energy Security

March 30, 2015 3:30 pm | by Andy Szal, Digitial Reporter | News | Comments

Confining crude oil to U.S. refineries, the researcher said, could lead to discounted crude prices that eventually disrupt investment in oil exploration and production.

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Business Forecasters Boost 2-Year Outlook For US Economy

March 30, 2015 11:12 am | by The Associated Press | News | Comments

The March report from the National Association for Business Economics forecasts more hiring, a lower unemployment rate, a lower inflation rate and more growth in consumer spending in 2015, compared to the group's forecast December 2014.

Poll: Americans Evenly Divided on Fracking

March 30, 2015 9:40 am | by Andy Szal, Digital Reporter | News | Comments

A recent nationwide poll showed Americans are evenly split between support and opposition for hydraulic fracturing in the U.S.

Obama Golfs With Big Money, Oil Moguls in Florida

March 30, 2015 9:34 am | by JOSH LEDERMAN, Associated Press | News | Comments

President Barack Obama is teeing off in Florida with a trio of oil and private equity moguls.

Senate Approves Long-Delayed Bill to Boost Energy Efficiency

March 28, 2015 4:11 pm | by MATTHEW DALY, Associated Press | News | Comments

The Senate approved a long-delayed bill to boost energy efficiency Friday that includes incentives to cut energy use in commercial buildings, manufacturing plants and homes.

Is Wyoming Ready For Another Bust?

March 28, 2015 3:37 pm | by BENJAMIN STORROW, Casper Star-Tribune | Articles | Comments

Almost three decades after a dramatic drop in crude prices brought the state to its knees, is Wyoming better prepared to navigate another oil industry bust?

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Exxon Unit Asks For Exception to North Dakota Gas Flare Rule

March 28, 2015 3:32 pm | by The Associated Press | News | Comments

The state's Oil and Gas Division heard the request from XTO Energy this week in which the company argues it has nowhere to take its gas. 

Hess Corp Gives $15 Million to University of Wyoming

March 26, 2015 10:36 pm | by The Associated Press | News | Comments

Energy firm Hess Corp. has donated $15 million to the University of Wyoming to bolster research into extracting hard-to-get oil and gas deposits.

2 US Funds to Invest $900 Million in Mexican Gas Pipeline

March 26, 2015 10:33 pm | by The Associated Press | News | Comments

Mexico's state-owned petroleum company Pemex has signed an agreement giving two investment funds a 45 percent stake in a natural gas pipeline in exchange for $900 million.

Santorum: Obama Opposition to Fossil Fuels "Quasi-Religious"

March 26, 2015 10:29 pm | by EMERY P. DALESIO, Associated Press | News | Comments

Santorum criticized the Obama administration's regulations aimed at reducing power plant emissions of mercury and other hazardous air pollutants.

Oil Prices Jump Almost 5 Percent as Tensions Mount in Yemen

March 26, 2015 6:09 pm | by The Associated Press | News | Comments

It was the first time the benchmark U.S. oil contract closed at $50 or higher since March 9.

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Oil Council: Shale Won't Last, Arctic Drilling Needed Now

March 26, 2015 6:05 pm | by JONATHAN FAHEY, AP Energy Writer | News | Comments

The government predicts that the shale boom won't last much beyond the next decade.

Views Mixed on U.S. Oil Storage Crunch

March 26, 2015 3:19 pm | by Andy Szal, Digital Reporter | Articles | Comments

For some, the news triggered speculation that declining storage space in the U.S. - at a time when the market already has too much oil - could further erode crude prices. Others believe the nation's oil capacity is already at or near its peak with millions of gallons of potential space to spare.

Shell Cuts Staff in North Sea

March 26, 2015 2:43 pm | by Associated Press | News | Comments

The oil company said the cuts are part of a range of initiatives it has been pursuing to manage costs and improve competitive performance.

Lawmakers Unhappy with New Fracking Rules

March 26, 2015 2:36 pm | by Kevin Freking, AP | News | Comments

Republican and Democratic lawmakers in the House have found something in common. Many have issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing.

Study: Electric Cars Could Alleviate Urban Heat

March 24, 2015 4:14 pm | by Andy Szal, Digital Reporter | News | Comments

Researchers from Michigan State University reported electric vehicles only emit about one-fifth the heat of conventional gas-powered vehicles. In areas with heavy traffic, scientists argued reducing heat emissions from cars could also lead to residents using less air conditioning.

Door Opens For Fracking Wildcatters in North Carolina

March 24, 2015 3:53 pm | by Andy Szal, Digital Reporter | News | Comments

But skeptics questioned how soon the natural gas industry could get up and running in a state without a history of such drilling.

$20 Oil Could Be a Reality if This Happens

March 24, 2015 3:43 pm | by Bloomberg Business | Videos | Comments

The U.S. is pumping so much oil it's running out of places to stash it, and that could have a big impact on oil prices.

Worker Safety Still Plagues US Oil Refineries

March 23, 2015 5:41 pm | by Andy Szal, Digital Reporter | Articles | Comments

Worker fatalities at U.S. oil refineries between 2005 and 2015 nearly matched the total from the previous decade despite safety recommendations made in the aftermath of a 2005 accident.

California First to Feel Hydro-Power Crunch of Drought

March 23, 2015 5:31 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

Despite the state's ambitious clean-air goals, officials are turning to dirtier, more costly fossil-fuel plants to fill some of the power gap.

You Can go Home: Returnees to ND Oil Boom Town Here to Stay

March 23, 2015 10:43 am | by SHARON COHEN, AP National Writer | Articles | Comments

The discovery of crude oil here has been a powerful population magnet, not just bringing hordes of outsiders to the Bakken but luring back others who've discovered that, yes, they can go home again.

Oil Markets, Strong Production Lead US Gas Prices Lower

March 23, 2015 9:44 am | by The Associated Press | News | Comments

Industry analyst Trilby Lundberg said Sunday that falling oil prices and strong production at U.S. refineries led to lower numbers at the pump.

Train Derailments in Texas, Colorado Cause Leaking Chemicals, Dumped Coal

March 23, 2015 9:38 am | by The Associated Press | News | Comments

In Texas, the cars derailed Saturday evening near Valley Mills, a town about 25 miles northwest of Waco. Texas Department of Public Safety spokesman Trooper D.L. Wilson said that about four homes were evacuated.

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