The industry’s 50 largest companies saw their greatest annual growth in domestic oil and gas reserves in at least five years, according to a study by Ernst & Young. The Permian Basin in West Texas and the Eagle Ford play in South Texas in particular benefited from growing interest in shale gas. More »
The ad, set in Dallas, touts biodiesel as a clean-burning alternative to petroleum-based diesel fuel that can help reduce the nation’s dependence on fossil fuels, create jobs and slash tailpipe emissions. More »
Republicans pushed legislation through a House panel today that would give the Obama administration a Nov. 1 deadline to decide on whether to approve or deny the pipeline that would deliver Canadian oil sands crude to Gulf Coast refineries. More »
Chevron pioneered geothermal energy 20 years ago in Southeast Asia’s biggest economy, but it’s about to see competition as international firms lead an investment boom in Indonesia that may climb to more than $30 billion. More »
OPEC’s secretary general brushed aside fears of a repeat of the 2008 oil-price spike that contributed to the recession, saying higher spare capacity made producers better prepared to respond to demand. (Via W$J) More »
Rebel officials are visiting friendly Arab and European nations for credit lines and loans. Libya was producing as much as 1.4 million barrels a day of crude before armed rebellion halted oil exports. More »
U.S. producers are pumping the fuel at a record pace as advances in drilling techniques help to offset a drop in the number of rigs, signaling no respite for the world’s worst-performing commodity in the past year. More »
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