Chevron warns on 4Q profit

Chevron said its fourth-quarter profit will be “significantly” lower than the third-quarter results, partly because of weaker profit margins on refining and marketing. The oil giant said Wednesday that its usually profitable refining and marketing business will roughly break even. Refinery volumes were weak, the company said.  More »

Natural gas falls to lowest price in a decade

In many parts of the U.S., thermostats haven’t been turned up as much this year.  More »

EPA: Power plants main global warming culprits

The most detailed data yet on emissions of heat-trapping gases show that U.S. power plants are responsible for the bulk of the pollution blamed for global warming.  More »

Senators ask Shell to build chemical plant in Pa.

U.S. Sen. Bob Casey on Wednesday wrote to a Shell executive in hopes of persuading the oil and gas giant to choose a Pennsylvania site to build a huge new chemical plant that could mean thousands of new jobs and millions of tax dollars for the state.  More »

TransCanada: New route for pipeline nearly done

An executive with a Canadian company attempting to build a $7 billion pipeline to carry oil from Canada to refineries along the Gulf Coast says a new route is being mapped “that everyone will agree on.”  More »

Fracking ban unlikely in Colorado

A panel of experts says Colorado cities cannot ban hydraulic fracturing for oil and gas drillers, but there are other ways to ensure the drilling will be done safely.  More »

ConocoPhillips names new investor relations chiefs

ConocoPhillips on Wednesday named new investor relations directors for the companies that will be formed from its planned split this year.  More »

TransCanada exec says Asian markets an option

A Canadian executive overseeing a plan to build a 1,700-mile oil pipeline from Canada to Texas says Canadian oil producers will look to Asian markets if the U.S. government fails to approve the Keystone XL pipeline project.  More »

Pa. chief to EPA: Let science be guide in Dimock

Pennsylvania’s environmental chief said the U.S. Environmental Protection Agency has only a “rudimentary” understanding of the contamination in Dimock, the northeastern Pennsylvania village where residential water wells were fouled by a gas driller.  More »

Oil rises on China’s growth in imports

Prices rose after China said oil imports grew 6 percent in December, when compared to a year earlier  More »

ND oil production exceeds 500,000 barrels daily

North Dakota oil drillers have surpassed a milestone of half a million barrels of oil a day.  More »

Venezuela doesn’t intend to pay more to Exxon

Venezuela’s oil minister said the government doesn’t intend to make additional payments to Exxon Mobil Corp. beyond about $255 million that it agreed to pay in a recent arbitration award.  More »

Texas Senate mulls drought impact on power supply

A Texas Senate committee will examine how current and future drought conditions might hurt the state’s capacity to generate electricity and could leave some areas without enough power.  More »

New NOAA study mirrors spill rate from BP well

Federal scientists say a new chemistry-based analysis of the 2010 oil spill in the Gulf of Mexico closely matches official estimates released at the time of the spill.  More »

Encana asks EPA to suspend fracking comment period

The owner of a central Wyoming gas field where federal regulators suggested a link between a drilling technique and groundwater pollution asked  More »