Congress punts on setting aside BP fines for Gulf

Congress has passed a stopgap three-month transportation bill that does not include a provision to send 80 percent of Clean Water Act fines from the 2010 Gulf of Mexico oil spill to Gulf states.  More »

Oil rises above $103 after hitting 6-week low

Oil prices dwelled near six-week lows Friday in Asia amid signs Western powers plan to release strategic crude reserves soon.  More »

Natural gas price drops to a 10-year low

Natural gas prices tumbled Thursday after a surprising jump in U.S. supplies.  More »

NC lawmakers lay out fracking plans this year

Republican lawmakers said Wednesday they expect to take a careful, measured approach to drafting state regulations for allowing a new method of natural gas drilling called fracking, but an existing ban on the activity in North Carolina is likely to remain until 2014 or later.  More »

ConocoPhillips CEO received 7pct. raise in 2011

ConocoPhillips CEO and Chairman Jim Mulva received a 7 percent raise in pay in 2011, his final year at the helm of the Houston petroleum company.  More »

Chinese firm surpasses Exxon in oil production

A big shift is happening in Big Oil: an American giant now ranks behind a Chinese upstart.  More »

Memo details Alaska oil, gas industry lobbying

A new legislative memo suggests that about $2.2 million was spent on lobbying last year by the oil and gas industry and three affiliated organizations.  More »

Researcher finds dangerous bacteria in tarballs

Cova Arias usually studies oysters, not tarballs.  More »

Oil near $105 amid possible reserves release

Oil hovered above $105 a barrel today in Asia, capped by the possible release of crude reserves by Western nations.  More »

Activists worry over North Sea platform gas leak

Environmental groups warned Thursday they fear an oil spill could be triggered at a North Sea offshore platform that has been leaking highly pressurized gas since the weekend.  More »

Oil falls on reserve release talk, U.S. supply data

Benchmark U.S. crude fell by $1.92 to end at $105.41 per barrel in New York.  More »

Sen. Cornyn tries to block dunes lizard listing

Republican U.S. Sen. John Cornyn of Texas is trying to block the proposed listing of the dunes sagebrush lizard as an endangered species.  More »