Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production. More »
Plaintiffs’ attorneys who brokered the deal want the 5th U.S. Circuit Court of Appeals to uphold the class-action settlement.
A former head of Iran’s central bank was elected Sunday to head a 13-nation bloc of gas-producing countries as Tehran looks beyond its sanctions-hit crude oil sales to bring in vital revenue and explore new energy markets. More »
The oil rigs are owned by a unit of Houston-based Superior Energy Services. More »
Chevron said Friday that net income fell 6 percent in the third quarter as weak refining results and higher operating costs offset higher oil and gas production and prices. More »
A federal judge has rejected two motions by Exxon Mobil in a lawsuit filed following an oil spill from a ruptured pipeline in Mayflower. More »
A farmer discovered the spill in a wheat field the northwest corner of the state in late September. More »
The Silvertip pipeline broke near during flooding in July 2011, releasing 63,000 gallons of oil that washed up along an 85-mile stretch of a scenic river.
Flamboyant billionaire Eike Batista’s OGX oil company filed for bankruptcy protection Wednesday in a stunning reverse for the champion speedboat racer who came to symbolize the country’s economic boom with Brazilian flair. More »
French oil company Total said Thursday that net income fell 10 percent in the July-to-September period, partially due to poor refining margins amid a sluggish European economy. More »
A coalition of groups dedicated to keeping New York state’s 5-year-old ban on fracking in place is demanding that the Department of Environmental Conservation withdraw its proposed regulations for new liquefied natural gas facilities, citing safety concerns and other issues. More »
State-owned oil company Sinopec said quarterly profit rose 20 percent following the relaxation of Chinese fuel price controls. More »