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Oil and gas drilling sales help GE’s fourth quarter

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 »

EP Energy to sell fewer shares than anticipated in IPO

EP Energy may only see three quarters of the capital it had expected to collect in its initial public offering, launched Friday on the New York Stock Exchange.  More »

Shell issues profit warning for fourth quarter

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 »

Prosecutor sought for N. Dakota oil patch drug cases

North Dakota Attorney General Wayne Stenehjem hopes to have the position filled within two months.  More »

Oil slips back below $94 a barrel; pump price dips

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.  More »

U.S. safety board rejects overhaul of Calif. refineries

The U.S. Chemical Safety Board rejected a proposed overhaul of California’s refinery safety practices – recently touted by its chairman after the 2012 Chevron refinery fire in Richmond, Calif., – saying the overly ambitious plan would do little to immediately improve safety and needs further study.  More »

FutureGen coal project gets key US Energy Department approval

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 »

Offshore wind turbine stands up to gusts, waves

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 »

Apache’s production hit by weather, asset sales and spending cut

Apache Corp. said Thursday that its Permian Basin and central region production took a hit in the fourth quarter due to severe weather.  More »

Libya oil revenues for 2013 fall short of projections

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 »

Agreement spells out Alaska gas pipeline project terms

A newly signed commercial agreement anticipates Alaska’s equity share in a major natural gas pipeline project at about 20 to 25 percent  More »

House panel to examine rail safety

Following a series of fiery explosions involving oil-carrying trains, a House panel will hold a hearing to examine the safety of moving crude by rail.  More »