Oil prices hovered below $103 a barrel Thursday, after dropping sharply the previous day, when figures showed U.S. crude supplies rose more than expected for a fourth week, a sign demand remains tepid. More »
Chesapeake Energy Corp. (CHK) said shareholders are protected if Chief Executive Officer Aubrey McClendon defaults on personal loans because the company holds first liens on oil and natural-gas wells he used for collateral. More »
A final settlement between BP and thousands of individual plaintiffs is edging closer, as the parties asked a federal judge to approve a proposed class-action deal benefiting people damaged economically by the 2010 spill of oil from BP’s Macondo well. More »
Giving into energy industry demands, the federal government is set to announce today that it will give companies extra time to install new equipment to capture pollution from natural gas drilling and hydraulic fracturing operations nationwide. More »
Republicans revived a plan to force the Obama administration to permit construction of the Keystone XL pipeline by tying approval of the controversial project to a bill that would extend federal high way funding for 90 days. More »
Argentina rejected Repsol YPF SA (REP)’s demand for $10.5 billion in compensation after President Cristina Fernandez de Kirchner seized its YPF SA (YPF) unit, saying it hasn’t invested enough in the South American country. More »
An Obama administration plan to cut air pollution from natural-gas wells that was delayed after a flurry of last-minute comments won’t slow the gas boom sweeping the U.S., some drillers and industry analysts said. More »
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