The Dutch Cabinet has decided to reduce the amount of gas produced from fields that lie under the country’s northernmost province by 6 percent, as the mining has caused earthquakes and damaged houses in the region. More »
General Electric Co. posted increased revenue and profit for the fourth quarter on rising sales in emerging markets, higher banking profit, and stronger global sales of aircraft engines and oil and gas drilling equipment. More »
Royal Dutch Shell PLC has issued a profit warning for the fourth quarter, saying results will be worse than most analysts expected due to a mix of lower production, higher costs, and a worse performance by its refining division More »
North Dakota Attorney General Wayne Stenehjem hopes to have the position filled within two months.
The Louisiana Attorney General’s Office accused U.S. District Judge Carl Barbier of ignoring the state’s spill-related claims. More »
On Thursday, OPEC said in a report that it expects global demand for oil to increase by around 1 million barrels a day, up from an increase of 900,000 barrels a day in 2013.
President Barack Obama is expected to decide early this year. More »
The changes proposed are all voluntary. More »
The U.S. Department of Energy has given the long-running FutureGen clean-coal project one of the final OKs it needs to start building. More »
A scaled-down offshore wind turbine has withstood winter storms that included the equivalent of waves exceeding 70 feet, providing confidence that a full-scale version can handle the harshest weather that the North Atlantic can throw at it, the head of the University of Maine’s advanced composites center said Thursday. More »
Deputy Minister for Oil and Gas, Omar Shakmak, announced on state television Thursday that proceeds from Libyan crude yielded a little less than $40 billion, less than the projected $ 50 billion for 2013. More »
A newly signed commercial agreement anticipates Alaska’s equity share in a major natural gas pipeline project at about 20 to 25 percent More »
Benchmark U.S. crude oil for February delivery rose $1.58, or 1.7 percent, to $94.17 a barrel on the New York Mercantile Exchange. More »
The chief executive of TransCanada said Wednesday if the Obama administration doesn’t approve the controversial Keystone XL pipeline his company will look to the more dangerous alternative of building build rail terminals in Alberta and Oklahoma. More »
The Department of Transportation needs to speed up its timeline for finalizing new rules on the construction of rail tanker cars, Sen. John Hoeven said Wednesday. More »