BP Plc (BP/)’s push into Namibian oil makes it the only major producer expanding in the West African nation, where commercial crude deposits have never been found and the sole gas field has sat idle since its discovery in 1974. More »
Oil & Natural Gas Corp. (ONGC), India’s biggest energy explorer, will soon study investing in ConocoPhillips’s U.S. shale-gas assets and expects to strike a substantial deal, Chairman Sudhir Vasudeva said. More »
Devon Energy Corp. (DVN), the third- largest U.S. independent oil and natural-gas producer, raised planned exploration and production spending 18 percent to as much as $6.5 billion this year, including projects in which it may sell a stake. More »
With gasoline around $4 in much of the nation, fuel economy has never been more important to pickup truck buyers. That’s why engineers who worked on revamping Chrysler’s Ram put it at the forefront of their work. More »
Opponents of an Oklahoma company’s plans to build an oil waste facility near the southwest North Dakota town of Belfield have submitted petitions asking Stark County officials to reconsider approval. More »
Oil prices rose above $102 a barrel Thursday in Asia, rebounding from a two-day sell-off fueled by a jump in U.S. crude supplies and speculation the Federal Reserve won’t implement another round of monetary stimulus to boost economic growth. More »
The Securities and Exchange Commission has turned down a request from Exxon Mobil Corp. to omit a resolution on hydraulic fracturing disclosures from its proxy statement, opening the door for a vote on the proposal at the company’s annual shareholder meeting May 30. “We are unable to concur in your view that Exxon Mobil may […] More »
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