Now you see me, now you don’t. The world’s largest independent energy exploration company says that’s what happened after it tried to claw back $1.3 million routed to the owner of a certified minority business enterprise because of an accounting goof.
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Mirroring last month’s boost in consumer prices, U.S. wholesale prices also increased 0.4% in October, driven up by rising gasoline costs.
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The world’s thirst for oil will continue to grow until the 2030s and climate-damaging emissions will keep climbing until at least 2040, unless governments rethink how we fuel our lives, according to an important global energy industry forecast.
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The Montana Supreme Court met en banc Thursday morning to decide once and for all whether or not dinosaur fossils are minerals.
Read moreA Justice Department attorney told a Ninth Circuit panel Tuesday that the government should be allowed to open warming Arctic waters to more drilling, claiming domestic oil and gas projects will reduce the greenhouse gas emissions that cause climate change.
Read moreA Citgo-affiliated company argued Tuesday before the Supreme Court that it should be cleared of liability in the $140 million cleanup of a 2004 oil spill in the Delaware River.
Read moreResearchers at the University of Texas say a cluster of earthquakes near the small West Texas town of Pecos grew considerably in recent years during a dramatic boost in oil and gas production in the area.
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The Trump administration unveiled a plan to open another million acres in California to oil and gas development and fracking, one day after being sued by conservationists for similar plans in a different part of the state.
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California environmental groups sued the Trump administration Wednesday to thwart plans to auction over 700,000 acres to the fossil fuel industry, calling the potential of new fracking operations a threat to the San Francisco Bay Area’s wildlife and aquifers.
Read moreDenmark said Wednesday that it is giving permission for a joint German-Russian underwater gas pipeline to be laid to through its territory, in a blow to the United States, which had fiercely opposed the project.
Read moreLarge swaths of rural Texas continue to lag far behind the state’s major metropolitan areas when it comes to high-speed internet, at a time when the United Nations considers online access to be a basic human right.
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With regulators unable to pinpoint the reason for California’s exorbitant gas prices, Governor Gavin Newsom on Monday called for the state to investigate whether Big Oil companies such as Shell and Chevron are cheating Californians at the pump.
Read moreCalifornia Governor Gavin Newsom on Saturday signed a law intended to counter Trump administration plans to increase oil and gas production on protected public land.
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The tropical storms swamping Houston are child’s play compared to what a hurricane could unleash from the sea: A 25-foot surge ripping up the ship channel, pushing 200,000-barrel oil storage tanks like they were marbles, an expert said Thursday.
Read moreAmerican consumer prices were unchanged last month, signaling low inflation pressures that could spur another interest rate cut by the Federal Reserve.
Read moreA federal judge Wednesday advanced a competing $25.5 billion bankruptcy plan that would give hedge funds control of Pacific Gas and Electric, allowing it to move forward on a parallel track with PG&E’s plan, which would cap wildfire claims at $19 billion.
Read moreMore than 50 faculty members at a prominent Texas university on Wednesday urged officials involved with a program that raises millions of dollars in oil and gas revenue for higher education to significantly reduce oilfield methane pollution.
Read moreThe Center for Biological Diversity sued Secretary of the Interior David Bernhardt in federal court, claiming he approved oil and gas drilling on more than 1 million acres in western Colorado, “without properly analyzing, studying alternatives to, and disclosing to the public significant quantities of greenhouse gas emissions and ensuing impacts to our climate, natural resources, and communities.”
Read moreLower gasoline costs pushed down wholesale prices in September, another sign of low inflation that is fueling speculation the Federal Reserve will cut interest rates for a third time this year.
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