Electric vehicles’ carbon footprint depends on the state
Electric vehicles are not the most climate-friendly car choice in a vast majority of states, including in Texas, according to a new report. More »
Leftist economist behind Argentina’s YPF takeover
Miguel Galuccio sat quietly with a nervous smile as Argentina’s president suddenly thrust the youthful oil executive from obscurity into one of the nation’s most high-pressure jobs: leading the newly state-controlled energy company. More »
Carl Icahn wins CVR Energy after $2.6 billion offer
Billionaire Carl Icahn won the right to buy oil refiner CVR Energy Inc. (CVI) after a majority of shareholders agreed to sell their stakes to him in an offer that values the company at $2.6 billion. More »
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Record gas use by U.S. utilities fails to drive up price
U.S. utilities led by Southern Co. (SO) are burning a record amount of natural gas for generating electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows. More »
Total ‘on track’ to begin Elgin well operation within days
Total SA (FP), Europe’s third-largest oil producer, said it’s “on track” to begin a well intervention operation to plug a North Sea gas leak in the coming days. More »
New Keystone bid gives GOP political ’ammunition’
TransCanada Corp. (TRP) has reapplied to build the Keystone XL oil pipeline, inserting a project that is strongly opposed by environmental groups into the November U.S. presidential election. More »
Interest in SD oil and gas leases continues
Similarities in underlying rock formations continue to fuel speculation that South Dakota might have petroleum reserves like those now fueling the oil boom in North Dakota. More »
Pa. gas drilling brought $3.5 billion in 2011
Marcellus shale gas wells in Pennsylvania generated about $3.5 billion in gross revenues for drillers in 2011, along with about $1.2 billion in West Virginia, according to an analysis by The Associated Press. More »
US eyes more cuts in Indian imports of Iranian oil
Hoping to wean India from Iranian oil imports, U.S. Secretary of State Hillary Rodham Clinton is urging Indian leaders to explore alternative suppliers as she opens a three-day visit to the energy-starved South Asian giant that will also focus on regional security and easing trade restrictions. More »
Warm weather woes ruffle Spectra’s first-quarter earnings
Record low natural gas prices and the warmest winter in the last 100 years translated into lower quarterly profits for Spectra Energy. More »
Energy accountants form international group to follow clients overseas
A group of accountants from the top markets for energy exploration launched a consortium at OTC this week to help mid-cap oil field service companies expand globally. More »
Want to move to Australia?
If you are interested in a new adventure and looking for a new job, Australia might be the place for you. More »
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