The fine covers violations that Duke Energy admitted when it pleaded guilty to federal pollution crimes nine months ago and agreed to pay $102 million in fines and restitution, the state Department of Environmental Quality said.
Midstream contracts are usually the last things production companies will let go. But with oil near $30 per barrel, most oil and gas transporters have several producers on the ropes who have or are considering letting those promises lapse.
Global oil inventories could keep rising in 2016 and 2017 faster than oil production outside of OPEC can drop.
Two hurdles for the projects could delay NRG’s plans indefinitely, however.
President Obama made official Tuesday his plan to seek a tax on the oil industry to fund an overhaul of the country’s transportation network towards reducing carbon emissions. In a proposed $4.1 trillion federal budget, the administration is requesting a $10.25 per barrel tax on oil companies, revenue from which will be shuttled into expanding high-speed […]
The Oklahoma oil producer said Tuesday it is shifting its center of gravity from natural gas-rich Piceance Basin in Colorado to the oil-heavy Permian Basin in West Texas.
Although CB&I operates worldwide, more than 70 percent of its engineering and construction revenues in 2016 will come in the U.S., the company announced Tuesday during an investor day in New York.
Anchorage Municipal Light and Power and Chugach Electric Association are looking to buy ConocoPhillips’ stake in the Beluga River Unit about 35 miles west of Anchorage.
One hundred and twenty-one years after W.G. Morgan invented volleyball, and from a rally that started with a spike overnight, we are now seeing some digging instead. For once, the IEA has managed to land the first punch, putting out its monthly oil market report before the EIA report (the short term energy outlook is […]
With capacity to store oil exhausted in some places, prices may need to drop low enough to halt crude output that can no longer be stockpiled, said Jeff Currie, Goldman’s head of commodities research.
The average price in California for a gallon of regular gasoline was $2.50 on Monday — 76.5 cents higher than the national average,
President Enrique Pena Nieto made several Cabinet changes.