New York state will take a step toward the type of drilling that swept across states including Pennsylvania in recent years by releasing draft rules for hydraulic fracturing to extract natural gas from shale. The guidelines, set for release today, wou…  More »

WASHINGTON — The government’s auction of 30 million barrels of oil from the United States’ emergency stockpile attracted more than 90 offers to buy the crude, the Energy Department announced Thursday. Industry interest in the Strategic Petroleum Res…  More »

NEW YORK — After rising to become an obstacle to economic growth, oil prices went backward in the second quarter. The benchmark price in the U.S. dropped nearly 16 percent in May and June, and closed the quarter with an 11 percent decline. Having set…  More »

HOUSTON, June 30, 2011 /PRNewswire/ — In alignment with the social development and energy efficient programs of its ultimate shareholder, Petroleos de Venezuela, S. A. (PDVSA), CITGO Petroleum Corporation has launched the 2011 CITGO-Venezuela Energy Efficient Lighting Program (EELP). The init  More »

CHICAGO–(BUSINESS WIRE)–Metrus Energy, a pioneer in financing models for industrial and commercial building energy efficiency, was selected by the White House as a financial partner in the nation’s Better Buildings Challenge  More »

The to-be leased 14.7 million acres in the Beaufort Sea skirts the Arctic National Wildlife Refuge and the National Petroleum Reserve-Alaska and would give drillers access to the resource-rich north coastline.  More »

More than 90 bids came in for shares of the 30.24 million barrels of light, low-sulfur crude being released from the Strategic Petroleum Reserve, according to the Energy Department, which called the sale “substantially oversubscribed.”  More »

Last year, refineries reached their largest oil-processing capacity in 28 years. But they only used about 86 percent of that capacity.  More »

CHICAGO–(BUSINESS WIRE)–The Dow Chemical Company and The Dow Chemical Company Foundation are broadening their long-standing commitment to STEM education by pledging more than $5 million in program funding.  More »

EAST CLEVELAND, Ohio–(BUSINESS WIRE)–GE Lighting engineers and scientists are developing a 60-watt replacement LED bulb that meets the specifications for the Department of Energy’s Bright Tomorrow Lighting (L Prize) competition.  More »

The national survey of likely voters found that 75 percent do not believe the country is sufficiently developing its own resources.  More »

MIDLAND, Texas, June 30, 2011 /PRNewswire/ — Mexco Energy Corporation (AMEX: MXC) reported results on its Annual Report on Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2011. The Company reported net income of…  More »