Whether crude costs $60 a barrel or twice that amount, the U.S. is almost free of depending on imported energy and positioned to supplant Saudi Arabia as the world’s No. 1 producer of oil.  More »

British oil giant BP is selling its 50 percent stake in a gas field in the North Sea off the United Kingdom for $288 million in cash as part of a plan to divest certain non-operated assets.  More »

Oil field services firm Schlumberger Ltd. says it will take a fourth-quarter earnings hit because of operational delays in Europe and Africa and weaker than expected activity in North America.  More »

Earlier this week, Exxon Mobil released a report called ‘The Outlook For Energy: A View to 2040‘. Such reports are always great for identifying trends, once you accept the erroneous nature of trying to predict energy trends nearly 30 years into the future. I initially pulled a bunch of info and charts before realizing what I had [...]  More »

Crews on Friday are resuming work on an oil well about nine miles west of Parshall that has been spraying an oily mist into the air.  More »

Relatives of some of the 11 men killed in the 2010 Gulf of Mexico rig explosion want a federal judge to reject British oil giant BP’s multibillion-dollar settlement of criminal charges stemming from the disaster.  More »

When a government deadline for new safety management programs at offshore drilling rigs and wells approached in November 2011, oil and gas industry leaders were bracing for tough scrutiny and plenty of penalties.  More »

The price of U.S. crude is heading for a precipitous decline that could force the nation’s production surge to slow, according to a BofA Merrill Lynch forecast.  More »

The world’s most profitable energy company is being punished by investors who are concerned it’s also the biggest spendthrift.  More »

The federal government auctioned off nearly 18,000 acres of oil leases on prime public lands on Wednesday in Central California, home to prized vineyards, several endangered species and one of the largest deposits of shale oil in the country.  More »

This is a guest post by James Hamilton, Professor of Economics at the University of California, San Diego. This post originally appeared on the Econbrowser blog here. A lot of attention has been given to the optimistic assessments of future U.S. and Ir…  More »

While the weak economy has kept U.S. energy demand in check, prices have increased because if oil companies can’t sell refined products such as gasoline here, they can find ready buyers overseas.  More »