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ATP wins approval for Credit Suisse bankruptcy financing

ATP Oil & Gas Corp. (ATPG), the Gulf of Mexico oil producer that filed last week for bankruptcy, was given preliminary approval by a judge for $618 million in financing.  More »
The tsunami-stricken Fukushima Dai-ichi nuclear power plant in northeastern Japan. (AP Photo/Tokyo Electric Power Co.)

Tepco finds extreme levels of radioactivity in Fukushima fish

Tokyo Electric Power Co. found record high levels of radioactive cesium in fish it caught for tests within 20 kilometers of the coast from the crippled Fukushima Dai-Ichi nuclear plant.  More »
The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

French drillers fight back in defense of shale gas fracking

Natural gas and oil can be safely produced from shale rock in France without lasting consequences for the environment, according to a lobby backing the energy that has enraged opponents.  More »
The Trans-Alaska pipeline (Photo: BP)

Parnell reiterates pitch for lower oil taxes

Gov. Sean Parnell reiterated his call to lower oil production taxes Tuesday, citing low oil flow figures in the trans-Alaska pipeline.  More »
(AP file photo/Courtesy of Mary Sage, Joseph Napaaqtuq Sage)

Appeals court affirms oil company polar bear rules

Judges backed the agency determination that only small numbers of polar bears and walrus would be affected.  More »
Craig Sautner, a resident of Dimock, P.A., holds a jug of his well water outside of The Forum in Binghamton, NY, on Monday, Sept. 13, 2010 during the final public meeting on the U.S. Environmental Protection Agencyís hydraulic fracturing study. Sautner lives 976-feet from a Cabot Oil natural gas drill. He was not allowed to take the receptacle into the meeting. (AP Photo/Press & Sun-Bulletin, Rebecca Catlett)

Company given OK to resume gas drilling procedure

The Department of Environmental Protection says Houston-based Cabot Oil & Gas Corp. has met its obligations.  More »
Republican presidential candidate Mitt Romney and his vice presidential running mate Rep. Paul Ryan, R-Wis., speak to a crowd at a rally in Virginia in August 2012. (AP Photo/Mary Altaffer)

Democrats take shot at Romney’s ties to Big Oil

Democrats are taking aim at Republican Mitt Romney’s relationship with Big Oil as he makes a fundraising stop in Midland tonight.  More »
(Photo: Fotolia)

Industry makes last-ditch appeal against SEC disclosure rule

The oil industry today made a final plea for exceptions to proposed reporting rules that U.S. businesses say would give foreign competitors an unfair advantage while forcing them to stop drilling in Qatar, Cameroon and other countries. The Securities and Exchange Commission is set to vote Wednesday on whether to force U.S. oil, gas and mining companies to disclose what they pay to foreign nations in exchange for extracting natural resources from the countries.  More »
DCP Midstream's West Beaumont Plant.

CEO of DCP Midstream General Partner resigns

The CEO of DCP Midstream’s general partnership, Mark Borer, has said that he will resign at the end of 2012, the company announced Tuesday morning in a written statement.  More »
The Kulluk conical drilling rig, shown in a Seattle shipyard earlier this year, has begun drilling in Alaska's Beaufort Sea.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell running out of time to drill this year in Arctic

Royal Dutch Shell Plc has spent seven years and $4.5 billion, and fought off at least 50 lawsuits, for a chance to tap what is thought to be the biggest source of oil in the U.S. outside of the Gulf of Mexico.  More »
curiosity

Mars rover fueled by Russian plutonium

NASA’s Curiosity rover, which has excited the imaginations of geeks worldwide since it touched down on Mars Aug. 5, is powered with a sort of nuclear battery. That energy source is fueled by Russian plutonium, according to a report from slate.com.  More »
(Associated Press)

Federal appeals court overturns Cross-State Air Pollution regulation

A federal appeals court overturned an Obama administration rule today that requires aging power plants to sharply reduce emissions that cause smog and soot in neighboring states.  More »