Since buying XTO Energy last year for $29 billion, Exxon has become the largest natural gas company in the United States. It now owns more gas than crude oil. Shareholders at a meeting today voted on whether to disclose more information about how Exxon uses hydraulic fracturing to unlock shale gas plays. More »
The Dodd-Frank Act passed by Congress last year has regulators at the Commodity Futures Trading Commission and the Securities and Exchange Commission drafting dozens of new rules. With the changes slated to go into effect this summer, the industry is scrambling to keep up. More »
Legislative leaders say the closure of three claims offices could increase frustrations against the Gulf Coast Claims Facility and would be a disservice to those still struggling to recover from the Deepwater Horizon disaster. More »
Natural gas pipeline giant El Paso Corp. will spin off its growing exploration and production business into a stand-alone public company, a move that has long been anticipated by analysts and investors. More »
Motorists can count themselves lucky. The price of gasoline has fallen this month, running counter to the usual pattern that sees higher prices as Memorial Day approaches. But prices soared so high this spring that the bit they’ve come down isn’t making much of a difference to some drivers. More »
Author and anti-drilling activist Adrian Kuzminski believes the methane emitted from natural gas wells has the potential to pollute watersheds. Kuzminski said natural gas is effectively an “extension of oil,” because of the environmental problems it may cause. More »
Petróleos de Venezuela is among the seven companies facing penalties for supplying or transporting refined petroleum products to Iran. PDVSA will be barred from any U.S. government contracts, U.S. import-export financing and export licenses for sensitive technology. More »
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