Workers go for lunch at the construction site of the Oryx Gas-to-Liquids plant in Ras Laffan Industrial City north of Doha, in Qatar, Feb. 16, 2005. The plant, which is the largest in the world, and is expected to begin operation in 2006, is a joint venture between South Africa's Sasol and state-owned Qatar Petroleum that will convert natural gas into clean-burning diesel fuel, as well as smaller amounts of other liquids. (AP Photo/Str).

Sasol delays decision on $14 billion U.S. plant on oil drop

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The facility was to be located next to an $8 billion ethane cracker in Lake Charles, Louisiana.
(AP Photo/Williston Herald, Jerry Burnes, File)

Carrizo Oil & Gas to cut spending 35 percent, but produce more

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S.P. Johnson, Carrizo’s President and CEO, said that the increase was made possible in part by a decline in service costs and more productive wells.
(Energy Transfer)

Energy Transfer Partners to buy sister company in $11.2 billion deal

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The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.
Caroline Lucas, a Green Party member in the UK Parliament, stands outside the main entrance to the Cuadrilla exploratory drilling site in Balcombe, England, as anti fracking demonstrations continue near the drill site, Sunday Aug. 18, 2013. (AP Photo / Gareth Fuller, PA)

U.K. lawmakers urge fracking moratorium

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Hydraulic fracturing in shale for oil and gas should be put on hold in the U.K. because of risks to public health and the environment, a panel of lawmakers said.
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Commentary: Should we allow further drilling on public land?

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When done properly, extraction of natural resources from federal land has helped develop the economy while at the same time providing valuable income to defray the costs of running the federal government. Leases are certainly not new and, according to the Bureau of Land Management (BLM), there are currently over 46,000 active leases on federal […]
(Jim Gehrz/Minneapolis Star Tribune/MCT)

Energy CEO: No need to spend capital until service costs come down

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The CEO of U.S. oil explorer Magnum Hunter Resources Corp. told investors Friday the company won’t spend any more money on drilling or hydraulic fracturing until oil-field service costs come down.
Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kan., in 2012. (AP Photo/Orlin Wagner, File)

Oil slips as U.S. crude stockpiles surge most in 14 years

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Inventories rose 10.1 million barrels in the week ended Jan. 16, the biggest gain since March 2001, according to the Energy Information Administration.
(AP file photo)

What to watch for in the State of the Union

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As President Barack Obama delivers his penultimate State of the Union address Tuesday night, will he be the president who took aim at the oil industry’s tax breaks in 2009 or the one who celebrated natural gas just three years later?
(AP Photo/Charles Rex Arbogast, File)

Natural gas draws larger than expected

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The larger withdraw could lend at least some good news to a natural gas market struggling with a winter season opened with warm temperatures and huge natural gas production.
Yellow oil barrels

Crude prices rise but bear market may not be over

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WTI for February delivery rose $2.59 to settle at $48.48 a barrel on the New York Mercantile Exchange.