The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Lenders give Sabine Oil & Gas more time

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Sabine Oil & Gas says its lenders have agreed not to force a debt default Thursday while they continue to discuss the company’s options to fix its balance sheet.
UAE, Dubai, ENOC filling station at Ibn Battuta gate (Getty Images)

Emirates National Oil proposes bid for rest of Dragon Oil

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ENOC, owner of 53 percent of Dragon, said it intends to offer 735 pence a share, a premium of 44 percent from March 13, the day before talks were initially disclosed. It plans to meet with Dragon Oil’s shareholders to discuss the proposal.
Ruptured Pipeline Spills Oil Along Santa Barbara Coast

Records tally accidents involving Plains All American following oil spill

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A federal database shows enforcement cases against the companies resulted in collection of $154,000 in penalties, for violations including not doing enough to prevent pipeline corrosion, failing to inspect valves frequently enough and not preventing lines from being over-pressured.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

Exxon Mobil wants U.S. to put an end to 30 years of Iran sanctions

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Western energy companies are eager to tap Iranian fields that are among the biggest and cheapest to exploit in the world, said Morningstar Inc.’s Allen Good.
This photo provided by the Santa Barbara County Fire Department shows an oil slick from a broken pipeline off the central California coast near Santa Barbara on Tuesday.   (Mike Eliason/Santa Barbara County Fire Department via AP)

Thousands of gallons of oil sopped up from California coast

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Gov. Jerry Brown on Wednesday night declared a state of emergency, a move that frees up additional state funding to help with the cleanup.
(Lucas Schifres/Bloomberg)

Update: Encana well under control, residents still evacuated

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Encana Corp. on this morning said it has regained control of an oil well north of Karnes City in the Eagle Ford Shale. Encana lost control of the gas well on Tuesday afternoon and Karnes County officials evacuated homes nearby. The incident happened near the intersection of FM 792 and County Road 343 about four miles […]
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Canada oil patch to see massive consolidation, analyst predicts

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Crude oil prices remain about 44 percent lower than in June even after rebounding somewhat from a six-year low in March. The lower prices have led oil-sands producers in Western Canada to reduce spending by billions of dollars and cut thousands of jobs.
U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Kerry says energy industry will decide climate battle

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Energy and related companies can create jobs, wealth and improved health and security for people by meeting their environmental responsibilities, Kerry said in a video message for executives at a climate and business conference in Paris.
OIL GAS RIG

Canada adapting to cheaper oil to avoid going way of the auto industry

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The Group of Seven’s biggest oil exporter may see drilling investment slashed by $23.2 billion in the coming 12 months, according to data compiled by Bloomberg. That’s a 29 percent reduction from the previous 12 months and the biggest since at least 2007.
Marathon Bakken drilling

‘Shale-ionaires’ suffering from wave of bankrupt oil drillers

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A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.