There is political upheaval across the Middle East, Iran is suffering under Western sanctions, and surprising growth in oil production outside of OPEC is sapping badly-needed revenue. Crude has fallen 32 percent in five months, reducing OPEC revenues by nearly $1 billion a day.
The national average is 47 cents lower than a year ago, and the lowest price heading into a...
A proposed oil terminal in Vancouver, Washington would handle more crude than any single rail...
Through supply chain analysis and planning involving their Oil Services business and its regional procurement team, the company partnered with the manufacturer of a subsurface chemical and switch from bulk tanker truck deliveries to intermodal transport.
A judge in southwestern Illinois has denied a bid by a landowners group to suspend the state's new rules for high-volume oil and gas drilling, ruling that the plaintiffs failed to show they would suffer immediate harm if the fracking was to go forward.
An explosion occurred on an offshore oil and gas platform in the Gulf of Mexico on Thursday, killing one person and injuring three.
A government study with significant implications for the U.S. energy industry says the breeding grounds of a struggling bird species need a 3-mile or larger buffer from oil and gas drilling, wind farms and solar projects.
Pacific Gas and Electric Co. has been fined $10.85 million for a March natural gas explosion that destroyed a cottage in Carmel.
The new leader of North Dakota's oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent.
U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay.
EIA has issued its semiannual report on refinery outages and their potential implications for the availability of gasoline and distillate supply.
Republican leaders vowed Tuesday to take up and pass a bill approving the Keystone XL pipeline in Congress again next year if the Senate fails to advance the measure, or President Barack Obama vetoes it.
Two concrete vaults used to store tar residue and other impurities from a manufactured gas plant more than 100 years ago were recently found buried underground just north of the Shiras Steam Plant in south Marquette.
Over the objection of environmental groups and Virginia's governor, a federal management plan released Tuesday will allow a form of natural gas drilling known as fracking to occur in parts of the largest national forest on the East Coast.
BP and its traders routinely manipulated prices to overcharge California as much as $300 million when it sold natural gas to the state, California and a fired BP employee allege. The BP employee, who had helped administer $2 billion in exclusive gas contracts with California, filed the case as a whistleblower.
Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion. The deal comes just days after talks had stalled and Halliburton prepared to go hostile with its takeover bid. The combined company would generate slightly larger revenue than Schlumberger Ltd., the world's biggest oil services company.
A federal judge in New Orleans is sticking to his ruling that said BP's conduct in the 2010 Gulf of Mexico oil rig disaster amounted to "gross negligence." It could mean close to $18 billion in federal penalties for the oil giant.
The three men were trying to heat a frozen high-pressure water line in below zero temperatures at the well site when it ruptured. One man was hit by a stream of water and died from the impact.
However, there is significant uncertainty over the crude oil price forecast because of the range of potential supply responses from OPEC, particularly Saudi Arabia, as U.S oil producers project higher production levels that would drive prices down.
According to the Energy Information Administration, U.S. rail transport of crude oil and petroleum products had the second-biggest increase in carloadings through the first 10 months of this year. In response to shipper concerns over their slow movement, federal regulators are closely tracking service among major freight railroads.
A group of Illinois landowners has sued the Department of Natural Resources to stop the state's new rules for high-volume oil and gas drilling from taking effect. The lawsuit seeks a preliminary injunction, claiming the DNR violated several rulemaking procedures.
Several factors are contributing to the Energy Department predicting that the average price of gasoline in the U.S. will be below $2.94 a gallon in 2015. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year.
BP lawyers had said Patrick Juneau should be removed for a variety of reasons, among them that he had a conflict of interest because he once represented Louisiana in talks setting up the claims process and had pushed for favorable terms for those with claims.
Shell hasn't formally committed to building the plant, which would convert ethane from Marcellus Shale natural gas liquids into chemicals used to make plastics, tires and even antifreeze, so a timeline for the conversion and operational start remains undefined.
Officials from North Carolina, South Carolina and Virginia met privately with federal regulators and groups funded by oil and gas companies to discuss plans for drilling off the Atlantic coast. A coalition of environmental groups were not allowed inside the meeting.
The refinery will help meet the need for diesel fuel in the booming western oil patch. About 90 people will work there full time, turning 20,000 barrels of crude from the rich Bakken and Three Forks formations in western North Dakota into 7,000 barrels of fuel each day.
Attorneys for SWEPI, a subsidiary of Shell, said the measure effectively destroyed the value of the company's $1 million drilling leases. Mora County wants a trial so it can present evidence on why the commission adopted the ordinance - to protect its land and water.
The 350-mile Mariner East 2 pipeline would provide four times the capacity to move gas from Marcellus Shale drilling sites in western Pennsylvania to its Marcus Hook storage and distribution facility near Philadelphia.
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