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Kinder Morgan facing investor lawsuit over consolidation plan

Kinder, a Houston billionaire, is consolidating his pipeline empire as the U.S. shale drilling boom opens up $1.5 trillion in potential purchases and expansion projects.  More »

Baker Hughes: Oil, gas rig count falling

The number of oil and gas rigs in the U.S. is falling as oil futures fall below $90 a barrel this week.  More »

Exxon, Pemex sign cooperation agreement

The companies agreed to analyze exploration, drilling and refining opportunities.  More »

Exxon joins Jindal to face Dr. Mud in wetlands legal fight

Members of a New Orleans levee board are suing 90 oil and natural gas producers for billions over claims that they’re destroying coastal marshes.  More »

WTI crude slips below $90 for first time in 17 months

West Texas Intermediate oil fell below $90 for the first time in 17 months amid signs that supplies from Russia, Saudi Arabia and the U.S. are outstripping demand.  More »

Russia oil production nears record with sanctions yet to bite

Sanctions already halted some joint work between Exxon Mobil Corp. and Rosneft, threatening a project in the Kara Sea where the state-run company said last week it may have identified a billion-barrel crude discovery.  More »

Crude prices fall as Saudi Arabia cuts prices

Oil for November delivery declined 43 cents, or 0.5 percent, to close at $90.73 a barrel.  More »

Crude oil in U.S. slides most in 22 months on growing supply

Oil for November delivery fell $3.41 to end at $91.16 a barrel.  More »

Solar may become largest global power source by 2050

Photovoltaic plants may provide as much as 16 percent of global electricity, according to the International Energy Agency.  More »

Consumer spending report boosts oil futures

Oil for November delivery increased $1.03 to $94.57 a barrel.  More »

NiSource joins utility trend in forming MLP

NiSource has announced plans to spend about $8 billion to $10 billion over the next five to 10 years to expand and upgrade pipelines serving the Marcellus and Utica shale formations.  More »

Rigs targeting gas in U.S. gain on rise in Texas drilling

The rebound in gas rigs threatens to come at the expense of oil drilling, as U.S. crude has dropped by more than $10 a barrel over the past three months.  More »