Benchmark West Texas Intermediate crude for April delivery lost 64 cents to settle at $104.38 a barrel on the New York Mercantile Exchange More »
Some bared flesh and threw beads on Bourbon Street in New Orleans’ French Quarter during this year’s Carnival, while others took the opportunity for political commentary by wearing costumes lampooning the oil spill and other headline-grabbing events. More »
MATTHEW DALY Associated Press WASHINGTON — The CEO of the nation’s biggest nuclear power producer says Congress should get out of the way as the nation moves toward natural gas and other forms of clean energy. John Rowe, CEO of Chicago-based Exelon, said that in trying to boost “clean” energy — wind, solar, nuclear and […] More »
The oil giant wins against environmentalists who wanted more money to clean up oil left on the shoreline of Prince William Sound.
Samples from seven rivers near sewage treatment plants that handle wastewater from natural gas drilling showed levels at or below the normal naturally occurring background levels of radioactivity, Pennsylvania environmental regulators found. More »
Oil prices continued to set new post-recession highs Monday as forces loyal to Moammar Gadhafi pounded rebels near a key oil port in Libya. It’s unclear how long the country’s oil exports will be cut off, and traders prepared for a worst-case scenario in which world supplies would be under pressure for months. More »
With oil surpassing $100 a barrel, the Obama administration is looking at many options, including tapping the Strategic Petroleum Reserve, White House spokesman William Daley said Sunday. More »
Chesapeake Energy and Clarita Operating will comply with Arkansas regulators’ request they stop injecting natural gas well wastewater into several disposal wells in the area of a recent swarm of earthquakes. No definitive data has tied the wells to the small quakes, but Arkansas officials want to study the issue more closely. More »
There may have been a fundamental safety design problem with the pods that controlled the massive device that failed to stop the Gulf oil spill, federal investigators said Friday. They asked for more testing to confirm the findings. More »
Iraq’s Oil Ministry spokesman says in Baghdad that the country’s largest refinery has reopened. Gunmen attacked the refinery early Saturday morning. They planted bombs and killed one person.
Rheochem has operations in Australia, New Zealand and India. Woodlands-based Newpark expects the deal for Rheochem’s drilling fluids and engineering services business to close in the second quarter. More »
A federal judge will hear arguments today on whether Exxon Mobil owes more money to remove oil remaining on the shoreline from the 1989 tanker spill. The claim says the oil is degrading too slowly and continues to harm wildlife. Exxon paid $900 million in restitution in a 1991 settlement. More »