Cabot Oil & Gas Corp. fired off a complaint to the Environmental Protection Agency, saying a probe of water in Dimock, Pennsylvania, undermines President Barack Obama’s embrace of natural gas in his State of the Union speech. More »
Houston-based oil giant ConocoPhillips posted Wednesday a 66 percent increase in its fourth-quarter profit, boosted by higher oil prices and the company’s aggressive program to shed underperforming refineries and other assets. More »
Natural gas prices that slumped to a 10-year low this month could save U.S. consumers $16.5 billion on home energy bills over the course of a year, according to a senior economist at the U.S. Federal Reserve. More »
President Barack Obama is announcing the sale of oil and gas drilling leases for nearly 38 million acres in the Gulf Coast and promoting the completion of a highway corridor for vehicles that run on liquefied natural gas, a response to critics who say his policies have stifled domestic energy production. More »
A day after President Barack Obama’s State of the Union speech, petroleum industry representatives called Wednesday for a more-aggressive energy development policy, saying the United States could take care of more of its petroleum needs while cutting dependence on unstable foreign oil supplies. More »
The Bureau of Ocean Energy Management proposed today an oil and gas lease sale in the Gulf of Mexico, the second there since the 2010 oil spill and the first since then in the Central Gulf region where the disaster occurred. More »
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