House Republicans asked the Obama administration to withdraw a pending rule that would implement the first-ever standards on greenhouse-gas emissions from new power plants, saying it would “impose additional energy costs on a struggling American economy.” More »
A federal magistrate has ruled that Transocean Ltd. doesn’t have to make its CEO, Steve Newman, available to testify at a trial for tens of thousands of court claims spawned by the Gulf oil spill in 2010. More »
Royal Dutch Shell PLC’s top executives dismissed weaker than anticipated fourth quarter earnings as a blip on Thursday and said Europe’s biggest oil company would embark on a new program to boost production, notably in North America. More »
The U.S. government must decide whether it wants more oil from Canada or wants to continue relying on high levels of supplies from the Middle East and Venezuela, the Canadian ambassador to the United States said Wednesday while in San Antonio. More »
PetroChina Co. (857), the country’s biggest energy producer, said it has agreed to buy a 20 percent stake in Royal Dutch Shell Plc (RDSA)’s Groundbirch shale-gas project in Canada to gain drilling expertise and technology. More »
A Southern California woman who challenged the legal status-quo by filing a small-claims action against Honda won her lawsuit Wednesday when a judge ruled that the automaker misled her about the potential fuel economy of her hybrid car. More »
Pennsylvania, Ohio and West Virginia are trying to top each other with the sweetest package of tax breaks for Shell Oil Co., which plans to build a huge new petrochemical refinery in the region. More »
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