The latest chapter in Canada’s quest to become a full-blown oil superpower unfolded this month in a village gym on the British Columbia coast. More »
On the day the Deepwater Horizon sank in the Gulf of Mexico, BP officials warned in an internal email conversation that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a rate of 3.4 million gallons a day, an amount a million gallons higher than what the U.S. government ultimately estimated spilled daily from the site.
Iranian leaders are scheduled to debate the ban Sunday in response to EU plans to embargo Iran’s oil by summer because of that country’s nuclear program. Investors More »
A U.S. citizen kidnapped by gunmen in Nigeria’s oil-rich southern delta has been freed after a week in captivity, the U.S. Embassy said Friday. More »
Specialty chemical company Eastman Chemical Co. is buying Solutia Inc. in a cash-and-stock deal valued at about $3.38 billion to broaden its presence in the Asia Pacific region and other emerging markets while expanding its product offerings. More »
Chevron says its net income slipped 3.2 percent in the fourth quarter as its refineries struggled to pass on the higher cost of crude oil. More »
A different kind of F-word is stirring a linguistic and political debate as controversial as what it defines. More »
U.S. District Judge Carl Barbier ruled Thursday, however, that Transocean is not exempt from paying punitive damages and civil penalties. More »
The U.S. had 3.1 trillion cubic feet of natural gas in storage — a level that’s 21.4 percent higher than the five-year average.
FirstEnergy Corp. said today that new environmental regulations led to a decision to shut down six older, coal-fired power plants in Ohio, Pennsylvania and Maryland, affecting more than 500 employees. More »
A judge overstepped his authority when he tried to ban enforcement around the world of an $18 billion judgment against Chevron Inc. for environmental damage in Ecuador, a federal appeals court said. More »
A Texas task force has determined a South Texas aquifer has enough water to support oil and gas production as well as more conventional residential and commercial uses. More »