ConocoPhillips approves $900 million Arctic reserve project

The Alaska Dispatch News reports that when production begins in 2018 at the filed in the National Petroleum Reserve-Alaska — an Indiana-sized Arctic reserve — the project is expected to yield 30,000 barrels of oil daily at its peak.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Rock Energy targeted for board shakeup by activist FrontFour

The changes are necessary “in order to effect immediate and significant changes to the board in order to preserve and enhance shareholder value,” FrontFour said in a statement Thursday.
US Secretary of State John Kerry leaves after a group picture of Iran nuclear talks at Austria International Centre in Vienna, Austria on July 14, 2015. Major powers clinched a historic deal aimed at ensuring Iran does not obtain the nuclear bomb, opening up Tehran's stricken economy and potentially ending decades of bad blood with the West.   AFP PHOTO / POOL / CARLOS BARRIACARLOS BARRIA/AFP/Getty Images

Iran sanctions might be lifted in January as atomic gear removed

Iran removed 4,530 centrifuges during the 28 days ending Nov. 15, a rate of 162 machines per day, according to an International Atomic Energy Agency report issued late Wednesday.
Categories: Crude oil
A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Joining Piper Jaffray in $139 million sale will help Simmons & Co. tackle new oil work

Investment banking firm Piper Jaffray’s cash and stock offer for Simmons, announced Tuesday, would fold one of the few private, energy-centric investment banks based in Houston into a Minneapolis-based, publicly traded company.
(Daniel Acker/Bloomberg)

Pair of DJ Basin pipelines joining into single project

The combined pipeline will run from Colorado to the oil logistics hub in Cushing, Oklahoma more than 550 miles away.
(AP Photo/The Tyler Morning Telegraph, Sarah A. Miller)

Keystone XL developer withdraws Nebraska route application

TransCanada made the announcement Wednesday, a day before it was scheduled to appear before the Nebraska Public Service Commission for a planning conference.
The Headquarters of the ENI energy company are seen in Rome, Italy, Wednesday, December 14, 2005. Gazprom would consider buying a stake in the electricity unit of Eni SpA, Europe's fourth-biggest power company, as a way to enter the Italian electricity production market, Il Sole/24 Ore reported, citing an interview with Gazprom Deputy Chief Executive Alexander Medvedev. Photographer: Chris Warde-Jones/Bloomberg News

After leading oil industry on exploration, Eni seeks to cash in

In the last decade, the company has spent $41 billion drilling dozens of wells from Mozambique to Pakistan and Angola.
sage grouse fight

Judge: Battle to prove need to block U.S. rules on sage grouse

The groups are suing the Forest Service and Bureau of Land Management and asking for a temporary injunction to block the proposed rules before a trial.
US President Barack Obama delivers remarks at a Clean Power Plan event at the White House in Washington, DC, August 3, 2015. (JIM WATSON/AFP/Getty Images)

Obama tells CEOs climate change offers growth opportunities

Obama argued that slowing or halting climate change will benefit corporate bottom lines by opening new avenues for investment in renewable energy and other green technology.
A worker seen at the Air Liquide factory in Moissy Cramayel, France, thursday, Feb. 22, 2007. Photographer : Fabrice Dimier / Bloomberg News

Air Liquide offers to buy Airgas in deal worth about $10.3 billion

The Air Liquide offer comes more than four years after Airgas fended off a lengthy takeover bid from another rival, Air Products and Chemicals Inc.