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The Exxon Baton Rouge, top, attempts to off load crude oil from the Exxon Valdez on March 26, 1989. (AP file photo)

Judge weighing arguments in Exxon Valdez case

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A federal judge is considering whether the state of Alaska should be allowed to collect additional money for unforeseen damages from the Exxon Valdez oil spill.
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Pa. lawmakers debate bills to reform drilling laws

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The state House and Senate opened a long-anticipated debate over competing Republican bills to overhaul the regulation of natural gas drilling and impose a fee on drilling companies, as the Democratic minority complained that neither proposal goes far enough in tapping revenue from the lucrative industry.
(Photo: Fotolia)

Crude oil trading near its highest price since July

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Oil traded near the highest level in more than three months as Italy started building a new government that may help contain the European debt crisis and Japan reported its first economic growth in a year.
(Photo: Gveret Tered))

China: ConocoPhillips oil spills due to negligence

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Chinese authorities say oil spills in the Bohai Bay from an oil field operated by a ConocoPhillips subsidiary were caused by negligence.
The Cushing, Okla., pipeline hub.

TransCanada rival Enbridge pursuing Keystone XL alternative

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Enbridge’s line would not face the same opposition or regulatory scrutiny that has slowed progress for the Keystone XL because it duplicates existing routes, Daniel said.
(Photo: Julien Tromeur, Flickr)

IEA cuts oil demand forecast on slower growth

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The International Energy Agency cut forecasts for global oil demand in 2012 for a second month as the economic recovery loses momentum.
(Photo: JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS)

Gates talks military budget, energy at Eagle Ford conference

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Former Defense Secretary Robert Gates told a gathering of energy leaders Tuesday that it would be bad policy to cut the nation’s defense and intelligence budgets as the United States must be prepared to deal with powerful and volatile nations, some of which are major oil producers.
Michael Bromwich BOEMRE director

Louisiana lawmakers meet with top drilling regulator

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Two members of Louisiana’s congressional delegation met with a top Interior Department official to express concerns about the Obama administration’s regulation of offshore drilling in the aftermath of the Gulf oil spill.
(AP file photo/Elaine Thompson)

OPEC cuts oil demand forecast on growth concerns

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OPEC has cut its estimate for world oil demand this year and next.
People walk on a beach stained with fuel oil leaked from the Liberian-flagged container ship Rena in Tauranga, New Zealand, Tuesday, Oct. 11, 2011. The 775-foot (236-meter) ship, carrying 1,700 tons of fuel oil and 2,100 shipping containers on board, has been foundering since it ran aground last Wednesday on the Astrolabe Reef, about 14 miles (22 kilometers) from Tauranga Harbour. (AP Photo/ Natacha Pisarenko)

Crew abandons ship off New Zealand as oil spill worsens

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Personnel abandoned a container ship that’s stranded and leaking oil off New Zealand’s northeastern coast in the nation’s worst such catastrophe as the vessel was rocked by waves as high as 13 feet.