The legal team representing Ecuadorean plaintiffs who won an $18 billion landmark case against oil giant Chevron for polluting the Amazon jungle will target the company’s assets in Panama and Venezuela in a bid to collect the award.  More »

EU leaders say raft of emergency measures has settled financial markets and bought time to tackle the euro’s longer-term economic problems  More »

WASHINGTON, March 2, 2012 /PRNewswire-USNewswire/ — Speaking at a major transmission conference this week, Coalition for Fair Transmission Policy Executive Director Bruce Edelston welcomed utility industry data showing investment in the nation’s elect…  More »

The national average for gasoline hit $3.741 per gallon, according to AAA, Wright Express and Oil Price Information Service.  More »

Crude prices slip the U.S. dollar strengthens. Macro implications loom if oil continues to press higher, analysts say.  More »

Gazprom and Eni have agreed to adjust the terms and conditions for Russian natural gas supplies to Italy.  More »

WASHINGTON, March 2, 2012 /PRNewswire-USNewswire/ –The Diesel Technology Forum issued the following statement today regarding the release of the National Cancer Institute (NCI) and National Institute for Occupational Safety and Health (NIOSH) study of Diesel Exhaust…  More »

HARBIN, China and NEW YORK, March 2, 2012 /PRNewswire-Asia-FirstCall/ — China North East Petroleum Holdings Limited (the “Company”) (NYSE Amex: NEP), announced that during the day of March 1, 2012, the Company discovered that the Securities Exchange Commission (“SEC”) issued…  More »

NEW YORK, March 2 (Reuters) – U.S. stocks slipped on Friday as a session with sparse economic data gave investors little reason to push indexes higher, but the SP 500 and Nasdaq remained on track for their eighth positive week in the last nine.  More »

Spectra Energy Corp. (NYSE: SE) released plans for a new natural gas pipeline, the Renaissance Gas Transmission project, to link natural gas supply in the Marcellus Shale play to markets in the southern U.S. Houston-based Spectra, an oil and gas pipeline company, also said it signed a non-binding letter of intent with Atlanta-based AGL Resources (NYSE: GAS), a natural gas distribution company, to explore a joint business arrangement for local distribution. The Renaissance project is expected to begin at an …  More »

Interoil EP has farmed out of three drilling areas in Colombia to Pangea Energy and Petromagdalena Energy.  More »

General Motors is also temporarily laying off 1,300 workers; says production of the electric car will resume on April 23.  More »