An oil exploration deal between U.S. oil giant Exxon Mobil and Iraq’s autonomous Kurdish region is fueling political tensions in a country where a post-U.S.-troop withdrawal spike in violence and political turmoil is clouding the climate for foreign investments sorely needed by Iraq. More »
Gulf Arab nations are prepared to offset any potential loss of Iranian oil in the world market, a senior Saudi oil official said as Iranian officials stepped up their rhetoric today about shutting off a key supply route. More »
A U.S. District Court judge has dismissed the federal government’s argument that a BP subsidiary violated its probation after an oil spill because of another spill on Alaska’s North Slope. Judge Ralph Beistline also lifted BP Exploration (Alaska) Inc.’s probation altogether in a written order issued Tuesday.
The solar startup based in Fremont shook Silicon Valley and Washington on Aug. 31 when it fired most of its staff and closed the gleaming new factory it had built with a $528 million federal loan. More »
The Iranian Offshore Oil Co. awarded a $1.9 billion contract to Sepehr Energy Co. to develop the Lavan natural gas field after ending talks with Poland’s biggest natural-gas company, Mehr reported. More »
A new Marcellus shale regulatory law gives the Department of Environmental Protection money to hire more natural gas well inspectors and support staff. But filling the 14 new positions will take some time. More »
Two public fueling stations for natural gas-powered vehicles are set to open next year as part of initiatives that include new buses and converting at least 40 city-parish vehicles to run on the fuel. More »
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