An independent five-member panel said sewer work may have ultimately triggered the PG&E accident, but didn’t make a finding on the root cause of the September explosion. The blast killed eight people and destroyed 38 homes in San Bruno, Calif. More »
The group’s admission this week of major dissent within its ranks has left it reeling and its status as the world’s oil power-broker tarnished, perhaps beyond repair. But is a weakened cartel good or bad for consumers? More »
The SPR is designed to offset major supply disruptions on an emergency basis, Loren Steffy writes. Despite President Obama’s recent remarks, the loss of Libyan crude simply hasn’t had the market impact to warrant tapping it. More »
World oil demand is expected to outpace supplies later this year by the widest margin since 2007. Analysts aren’t sure if production boosts from Saudia Arabia and a few other oil-producing nations will be enough to meet demand.
With gasoline prices still stubbornly high and little relief in sight, President Barack Obama and some lawmakers are taking a closer look at tapping the U.S. Strategic Petroleum Reserve, but some experts doubt such a move would have the intended effect.
The oil giant’s big find at the Hadrian field has the potential to reduce costs and speed production at the nearby Lucius prospect owned by Anadarko Petroleumand Plains Exploration & Production. More »
A major discovery by Exxon Mobil and multibillion dollar production investment by Shell Oil offered new signs of life to Gulf of Mexico oil and gas work slowed by regulations imposed after last year’s spill. More »
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