Seismic testing hearings scheduled in Wilmington
The federal government is hearing from North Carolina residents on surveying for oil and natural gas off the Atlantic coast. More »
Turkey starts oil, gas search in north Cyprus
Turkey began exploratory drilling for oil and gas Thursday in the breakaway north of ethnically divided Cyprus, heightening a dispute over who is entitled to the Mediterranean island’s potential fuel riches. More »
Judge leans toward preliminary OK of BP settlement
U.S. District Judge Carl Barbier said during a hearing Wednesday in New Orleans that he plans to rule within a week. More »
Exxon Mobil, Chevron raise their quarterly dividends
Exxon Mobil Corp. will now pay its shareholders $10.75 billion in dividends per year, according to Standard & Poor’s, up from $9 billion More »
Oil prices rise on Fed’s brighter U.S. outlook
Benchmark West Texas Intermediate crude added 57 cents to $104.12 per barrel in New York. More »
National Oilwell Varco profit climbs 49 percent
The company, which designs and manufactures equipment for oil and gas drilling, reported net income of $606 million. More »
Chesapeake gas well failure prompts evacuation near Douglas
Several dozen residents near Douglas have evacuated because of a problem at a natural gas well.
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Hess Corp. 1st-quarter profit declines 41 percent
Hess Corp. said today that first-quarter net income dropped 41 percent when compared with a year-ago quarter that included a $310 million gain from asset sales. More »
Rosneft, Eni to jointly explore oil-rich Arctic
Rosneft, Russia’s largest oil producer, and Italy’s Eni have signed a deal to jointly explore for oil and gas in Russia’s Arctic. More »
Judge to hold hearing on Gulf oil spill settlement
A federal judge in New Orleans is set to preside over a hearing on a proposed class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico. More »
Senator: Report shows Alaska profitable for oil
An Anchorage senator says the $616 million ConocoPhillips earned in Alaska during the first quarter of 2012 shows the state’s a highly profitable place to produce oil. More »
‘Fracking’ advocates, critics gearing up in Mich.
The fight over hydraulic fracturing is coming to Michigan, along with a significant environmental test for the Great Lakes state’s Republican governor. More »
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