Geoscientists call for honest dialogue on fracking

Better industry oversight, an honest dialogue with the public about controversial drilling methods and a clearer explanation from companies about how clean, natural gas can be extracted from wells drilled hundreds of feet underground is desperately needed from energy companies, two geoscientists said Tuesday.  More »

Statoil earnings surge on higher oil, gas prices

Norwegian oil company Statoil ASA said today its profits soared in the fourth quarter on higher oil and gas prices and a one-time gain from the sale of a stake in a gas transportation company.  More »

Ohio governor: Drilling, environment compatible

Ohio doesn’t need to choose between a developing shale energy industry and a clean environment, Gov. John Kasich told state lawmakers in his State of the State address Tuesday at a top-performing school.  More »

Alaska Senate plans generic oil tax bill, at first

The Alaska Senate is planning to unveil a generic oil tax bill this week, leaving to the committee process the job of finding problems in the proposal and working out solutions.  More »

Iranian MPs call for EU oil embargo

More than two-thirds of Iran’s lawmakers have endorsed a statement calling for cutting off oil sales to the European Union before EU sanctions on their country go into effect.  More »

Judge OKs sale of Beacon Power to equity firm

A Delaware bankruptcy judge on Tuesday approved a private equity firm’s $30 million offer for an alternative energy company that failed despite a $39 million government loan.  More »

BLM oil, gas auction in Wyoming raises $22 million

An auction of oil and gas leases on federal land in Wyoming has raised about $22.1 million.  More »

Oil prices rise as Iran threatens EU supply cut

“Iran will make the sanctions ineffective as it did in the past, and it will continue selling oil,” Iranian Vice President Mohammad Reza Rahimi said .  More »

Senate approves proposed fee on Pa. shale drilling

The state Senate voted Tuesday to impose a fee on natural-gas drilling in Pennsylvania and expand regulations for the booming industry, a milestone in a debate that has raged in the Capitol for several years.  More »

Judge allocates time for start of oil spill trial

A federal judge has set aside nearly seven hours for opening statements in a trial over the deadly rig explosion in the Gulf of Mexico that resulted in the nation’s worst offshore oil spill.  More »

Total announces offshore oil work near Nigeria

French oil firm Total SA says it has begun work to boost the production of its offshore oil field near Nigeria.  More »

Canada’s Harper in China visit focused on energy

Canadian Prime Minister Stephen Harper is visiting China to discuss oil sales and other economic ties following U.S. President Barack Obama’s rejection of a pipeline carrying Canadian oil across the continental United States.  More »