Congressional negotiators clashed over TransCanada Corp. (TRP)’s Keystone XL oil pipeline, underscoring the U.S. political challenge in reaching a multiyear surface transportation plan for the first time since 2005. More »
India’s Supreme Court has banned the Exxon Valdez from entering India, saying the ship involved in one of the worst U.S. oil spills will not be allowed in for dismantling until it has been decontaminated. More »
Anadarko Petroleum Corp. (APC) won dismissal of a so-called fraudulent transfer claim made in a $25 billion environmental lawsuit by the U.S. and creditors of bankrupt Tronox Inc. after a judge ruled the Kerr-McGee unit of Anadarko that received the transfer is an isolated entity. More »
Hydraulic fracturing, the drilling process that releases oil and natural gas from deep inside shale formations, has sparked a boom in the U.S. and a glut of natural gas that has driven prices to their lowest in a decade. More »
The Obama administration on Tuesday approved a plan by Anadarko Petroleum Corp. to sink more than 3,500 natural gas wells in eastern Utah, after the company agreed to environmental safeguards that aim to protect the local air and water. More »
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