During a late-night hearing in Austin on Wednesday, the companies argued that “minimum use fees” — charged to customers who use too-little electricity each month — are fundamental to the economics of some power plans. More »
Republicans say the new regulations, announced last week, will delay new drilling projects and take marginal lands out of production. Democratic lawmakers say the regulations are so mild that they won’t change current operating standards. More »
President Nicos Anastasiades told reporters Thursday he’s not disheartened by the failure of an Italian-South Korean consortium to find commercially viable amounts of gas during exploratory drilling in an area off Cyprus’ southern coast. More »
Despite mounting protests, Japan continues to finance the building of coal-fired power plants with money earmarked for fighting climate change, with two new projects underway in India and Bangladesh. More »
Crude oil prices grew for the first six months of 2014, hitting their peak in June at $107. That helped boost the economies of states like Alaska and North Dakota, where the oil and gas industry are big employers and help bolster state budgets. More »
The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years. More »
Light, sweet crude flowing out of the Eagle Ford would attract higher, premium prices on the world market, if those oil exports weren’t prohibited by U.S. trade policy, a Rice University study concludes. More »
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