Wherever oil and natural gas comes out of the ground, plenty of people make money. Railroads are among the beneficiaries in South Texas’ Eagle Ford play, where there’s lots of hauling to be done, much of it sand and pipes. More »
Not since Saddam Hussein invaded Kuwait in 1990 has the producer group gathered with some nations giving financial and military support to a movement seeking to topple the government of a fellow member. More »
Bad news awaits delegates from about 180 countries at the start of two weeks of climate talks to debate a new global warming accord: Greenhouse gas emissions are going up instead of down despite 20 years of effort, according to a report by the International Energy Agency. More »
The Norwegian oil company said the sale of the majority of its stake in gas transportation firm Gassled means it can invest the capital into assets and projects that yield higher rates of return. More »
With oil exploration set to begin in Cuba’s Gulf of Mexico waters, pressure is mounting on the administration to relax a politically sensitive embargo that would prevent U.S. firms from responding swiftly to potential oil spills roughly 50 miles from Florida beaches. More »
The U.S. relationship with Cuba has long been a touchy subject on Capitol Hill, and now decades-old rifts are widening because of concerns about deep-water drilling set to begin just north of the island nation this fall. On economic level, many see opportunities for U.S. energy firms. More »
Despite a gloomy unemployment report, benchmark West Texas Intermediate crude on Friday settled just about where it began the day: down 18 cents at $100.22 per barrel. Oil has hovered around the $100 mark since early May. More »
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