House Republicans are pushing back against the Obama administration’s just-unveiled plan for selling offshore drilling leases over the next five years by seeking to replace it with a more aggressive alternative. More »
A potentially huge deal in which the family of late billionaire Dan Duncan is reportedly paying about $550 million for Shell Oil’s downtown headquarters would provide a solid investment in an uncertain economy, observers said Monday. More »
The head of the Institute for Energy Research today beseeched congressional leaders to investigate Navy Secretary Ray Mabus’ decision to conduct test exercises using expensive alternative fuels this summer. More »
Chesapeake Energy Corp. (CHK), facing suits by hundreds of mineral rights holders over canceled oil and gas lease offers, will ask appeals judges in New Orleans to reverse a $19.7 million judgment to a Texas lease owner. More »
Federal investigators Tuesday were preparing to determine the likely cause of a pipeline rupture that spilled more than 800,000 gallons of crude oil into a southwestern Michigan river nearly two years ago. More »
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