Businesses are reducing their energy consumption up to 25 percent in response to the recession, according to a Deloitte & Touche survey released today. More »
The Keystone XL pipeline might be a good thing for job creation and crude oil supply, but it might not have the same positive effect on gasoline prices. More »
Analysts predicted early retirement for some coal-fired power plants when the Environmental Protection Agency issued new limits on emissions of mercury and other toxic pollutants last year. More »
It’s a riddle the Mad Hatter would love: Natural gas prices fall to a decade low. Electricity prices in Texas are pegged to natural gas prices. So what happens to electricity prices? More »
Since 2007, federal regulators have overseen the growth of the biodiesel industry, which converts discarded animal fats, used cooking oil and other materials into fuel that can power cars, bulldozers and heavy-duty trucks. More »
Chesapeake Energy Corp’s board of directors will take a 20 percent pay cut and will no longer use the company’s private jet, according to a company announcement Friday. The board voted to cut its own pay and limit its access to the jet after consulting with an “independent compensation adviser,” according to the company statement. [...] More »
After being out of commission for 14 years, the world’s first self-propelled semisubmersible drilling rig is looking to get back into the offshore business. More »
Car dealer and real estate developer Mac Haik plans to break ground this summer on a 17-story office tower in west Houston’s Energy Corridor, the second project of its kind to be announced in the past two months. More »
Owners of the Seaway project said the pipeline will begin carrying up to 150,000 barrels of crude per day to the Gulf Coast refining market this weekend. More »
The Obama administration is moving to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized ones.
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Oil and gas companies will have until June 19 to file their bids for the government’s upcoming auction of drilling leases in the central Gulf of Mexico, the Interior Department announced today. More »