Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expanded cooperation with two of China’s state-backed producers, giving it more access to reserves in the world’s second-largest economy. More »
The House of Representatives today rejected an Obama administration plan for selling offshore drilling leases over the next five years and instead voted to replace it with a more aggressive GOP alternative. More »
Deep oil industry roots will keep Houston’s energy-driven economy powering forward over the next half century as the world continues to demand hydrocarbons, a University of Houston professor said during remarks at the Houston Chronicle. More »
Hess Corp. said Wednesday that second-quarter profit fell 9.6 percent on lower oil prices, but the company still topped expectations as it boosted production in North Dakota’s Bakken shale fields. More »
The anticipated showdown between House Republicans and Interior Department officials over the Obama administration’s decision to temporarily halt deep-water drilling after the 2010 Gulf oil spill won’t materialize today. More »
For all the talk of what the industry could do to reduce future disasters, the company managers, safety experts and government officials gathered at the hearing were there because of what the industry has done poorly. More »
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