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Associated Press

(AP file photo/Paul Sakuma)

Shell raises bid for Cove Energy to $1.8B

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Royal Dutch Shell PLC has increased its bid for Britain’s Cove Energy PLC, which has assets in Kenya, Tanzania and Mozambique, to around $1.8 billion in cash.
Categories: Deals
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Official: Iran oil industry safe after cyberattack

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An Iranian official says the country’s oil industry is working well despite an attack from hackers and a computer virus that targeted the sector’s computer systems.
Categories: Crude oil, Middle East
(Image: Fotolia)

Oil falls on European economy concerns

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Benchmark West Texas Intermediate crude gave up 77 cents to end at $103.11 per barrel in New York.
Categories: Crude oil
A man on a bus holds up a banner reading in Spanish "Today with Cristina we recovered YPF" during a demonstration in support of a bill proposed by Argentina's President Cristina Fernandez outside the government house in Buenos Aires, Argentina, Monday, April 16, 2012. Fernandez on Monday proposed a bill to expropriate 51 percent of the shares of YPF oil company that is controlled by Spain's Repsol, moving ahead with the plan despite fierce opposition from Madrid. (AP Photo/Natacha Pisarenko)

Repsol threatens to sue firms that help Argentina

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Spanish energy firm Repsol warned Monday that it would consider legal action against companies or investors that help Argentina exploit petroleum Repsol had planned to tap before its Argentine unit YPF was nationalized.
Categories: Deals
A woman fills up her SUV at a California gas station. (Photo: FREDERIC J. BROWN/AFP/Getty Images)

After 4-month surge, gas prices start falling

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The worst is over, for now. Gasoline prices are starting to fall.
Categories: General
Jess Burrow, left, and James Patterson, look over the damage caused outside the home of Joe and Mary Reneau when their chimney was toppled by Saturday's earthquake, in Sparks, Okla. (AP Photo/Sue Ogrocki)

Earthquake link not stopping Ohio wastewater wells

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Earthquakes in northeastern Ohio linked to the injection of gas-drilling wastewater into the earth haven’t slowed applications for more injection wells.
People fill the tanks of their vehicules at an YPF station in Buenos Aires, Argentina,  Thursday, April 12, 2012. Spanish Industry Minister Jose Manuel Soria  has warned that the government will interpret any "hostile gestures" against Spanish companies abroad as an act of aggression, in an apparent reference to a conflict with Argentina over an oil company controlled by Spain's Repsol. YPF,  which is 57 per cent owned by Repsol,  has rejected Argentine government pressure to plough some of its profits back into the South American country.(AP Photo/Natacha Pisarenko)

Energy crisis provokes Argentine YPF expropriation

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Less than a decade ago, Argentina was an exporter of oil and natural gas. Now the government has to spend billions of dollars to import fuel.
Categories: Deals
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

As Bakken oil booms, police prepare for change

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Booming oil production across a wide expanse of the Northern Plains is forcing law enforcement from the U.S. and Canada to gird for a spike in crimes ranging from drug trafficking and gun offenses to prostitution.
Marathon gas station sign (AP Photo/Gene J. Puskar)

Detroit homeowners consider Marathon buyout offers

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Marathon Petroleum Co. says the owners of most homes that it wants to buy near its southwest Detroit oil refinery are considering the company’s offer.
Categories: Deals, Refining
A Honda Civic GX is filled up with natural gas. (AP Photo/Kiichiro Sato)

Honda starts building new hybrid at SE Ind. plant

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Honda is starting up production of a new gas-electric hybrid car at its southeastern Indiana factory.
Categories: General