The U.S. Energy Department mismanaged stimulus programs, putting taxpayer dollars at risk, according to two Republican reports released at a hearing where lawmakers debated who is responsible for rising gasoline prices. More »
The Interior Department has not made any final decision on raising the royalty rate for oil-and-gas production on federal lands, Bureau of Land Management Director Bob Abbey said Tuesday. Abbey also said his agency hoped to unveil its impending rules for hydraulic fracturing on federal lands in April. More »
An energy company in the United Arab Emirates said Tuesday it is developing a terminal to receive liquefied natural gas supplies on the country’s eastern coast, bypassing the strategically sensitive Strait of Hormuz. More »
While the ongoing settlement issues involving BP and business owners hurt by the Deepwater Horizon spill still dominate the news, a judge in another BP legal battle has thwarted the company’s attempt to keep much of the evidence in that case hidden. More »
The U.S. current account, the broadest measure of trade, will be in surplus within 10 years as the country produces more natural gas and crude oil, according to Lombard Odier Darier Hentsch & Cie. More »
Williams Partners LP (WPZ), the third- biggest U.S. pipeline partnership, agreed to buy a natural-gas pipeline system in the Marcellus Shale from closely held Caiman Energy LLC for $2.5 billion in cash and equity. More »
North Dakota’s Industrial Commission agreed Monday to help pay for studies on how to meet the ravenous electricity needs of the state’s oil industry and the pipeline network required to handle its burgeoning natural gas production. More »
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