A San Antonio-area developer has purchased 166 acres in Kenedy for a project to help fill the desperate need for housing for oil field workers in the Eagle Ford shale. More »
Oil rose for a second day in New York before data forecast to show that crude supplies declined a second week in the U.S., the largest consumer of the commodity. More »
A 35-nation meeting of the U.N. nuclear agency has adopted a post-Fukushima nuclear safety plan — despite gripes by some nations that it is too timid. More »
Two months before President Barack Obama’s visit, accounting firm PricewaterhouseCoopers LLP warned that Solyndra, the recipient of $535 million in federal loan guarantees, had financial troubles deep enough to “raise substantial doubt about its ability to continue as a going concern.” More »
The U.S. Nuclear Regulatory Commission should require power-plant owners to re-evaluate “without delay” their readiness to withstand earthquakes and floods, the agency’s staff said. More »
Relying more on natural gas and less on coal would do “little” to slow down global warming despite far less carbon dioxide being released, a new study found. More »
Solyndra, the failed solar-panel maker, might be the new Republican punching bag. More »
A Bangladeshi oil worker has died in the hospital after being rescued from three days drifting in the Gulf of Mexico, Mexico’s state oil company said today.
OPEC sharply revised down its forecast today for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak U.S. driving season. More »
A local official says at least 75 bodies have been recovered after an explosion of a gasoline pipeline running through a slum in Kenya’s capital. More »
Iran’s first nuclear power plant stepped up operations today after more than a decade of delays, pumping out electricity at up to 40 percent capacity and marking a major step forward in the Islamic Republic’s nuclear program. More »
The Obama administration has less than 10 months to finish assembling its plan for selling offshore drilling leases over the next five years, and some oil industry leaders are worried the government is barely on track to meet a July 1 deadline for issuing the document.