Luminant Generation Co. will continue operating two coal-fired electricity units it had previously planned to close now that a federal court temporarily halted a pollution regulation from being implemented, the company said Friday.
The EPA must delay implementing rules on interstate air pollution on Jan. 1, a federal court ruled, siding with electric power producers seeking to defeat the new regulations.
A majority of the U.S. still supports building the controversial Keystone XL pipeline that has becoming a political hot button for President Barack Obama’s re-election campaign, according to a new Rasmussen Poll. More »
Ten planned lease sales in the Gulf of Mexico will reduce dependence on foreign oil, the U.S. Interior Department said in a draft environmental review. More »
Threats by Iran to cut off the Strait of Hormuz, through which nearly a fifth of the world’s oil is transported, have further energized both sides in the debate over the proposed Keystone XL oil pipeline. More »
The Canadian company that wants to build a $7 billion pipeline to tar sands oil across the Plains to refineries near the Gulf of Mexico now has a map of areas to avoid in Nebraska. More »
Noble Energy Inc. (NBL)’s plans to develop as much as 8 trillion cubic feet of natural gas off the coast of Cyprus may be complicated by a dispute with Turkey over development of the field. More »
U.S. prosecutors are preparing what would be the first criminal charges against BP Plc (BP/) staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter. More »
Chesapeake Energy Corp., the most active U.S. oil and natural-gas driller, agreed to sell a pipeline subsidiary to an affiliated partnership for $865 million. More »
It would be relatively easy for Iran to make good on its threat to close the strategic waterway that carries oil tankers from the Persian Gulf — and it would probably hurt itself most by taking such action. More »
BP Plc’s highest-ranking U.S. executive, BP America Inc. Chairman and President Lamar McKay, was subpoenaed to testify at the February trial that will determine liability for the 2010 Gulf of Mexico oil spill. More »
An oil exploration deal between U.S. oil giant Exxon Mobil and Iraq’s autonomous Kurdish region is fueling political tensions in a country where a post-U.S.-troop withdrawal spike in violence and political turmoil is clouding the climate for foreign investments sorely needed by Iraq. More »