Though both Royal Dutch Shell and Exxon Mobil Corp. saw lower oil and gas output, their greenhouse gas emissions rose 10 percent since 2011 due to fuel-intensive production projects, The Wall Street Journal reports.
Documents released to E&E under the Freedom of Information Act reveal that the Interior Department's inspector general investigated BP America from December 2008 to April 2011 for allegedly underpaying millions in royalty fees at sites in Wyoming; BP was found not in violation, though the reports were not made public.
General Electric announced intentions to acquire an Irish helicopter leasing firm for $1.78 billion, with plans to use the fleet of 168 to transport crews to offshore oil and gas platforms and mining sites, FuelFix reports.
The recent decline in crude oil prices is putting pressure on some oil producers working the Bakken shale to curb their drilling plans for 2015, as the extraction process requires prices between $70 and $80 per barrel to make target returns, Bloomberg reports.
A top exploration official for Petroleos Mexicanos expressed confidence that the company would make a significant crude oil discovery at its Vasto-1 ultra-deep exploratory well in the Gulf of Mexico by the end of the year, citing "evidence of hydrocarbon content," Bloomberg reports.
Houston-based Endeavour International, an oil and gas firm operating in the North Sea, filed for Chapter 11 bankruptcy protection, citing operating issues and natural disasters in British waters, FuelFix reports.
The Environmental Protection Agency’s list of 5,500 entrants in the National Building Competition last year -– battling each other to see who can save the most energy –- is a far cry from the 14 who took part when EPA started the contest in 2010, E&E reports.
The Oklahoma Supreme Court will decide how lawsuits related to earthquakes should be handled, agreeing to take on an appeal from Sandra Lada, who says she was injured in 2011 in a quake she blames on two oil companies operating disposal wells, the Tulsa World reports.
Following a move by two utilities to drop their contracts to buy power from Cape Wind, grid operator ISO New England last week suspended the project’s participation in New England’s wholesale electricity markets, and the company has stopped paying to lease land in Rhode Island that would have been a staging area to build the $2.5 billion offshore wind farm, The Boston Globe reports.
Increased fuel efficiency standards, a major component of President Obama’s plan to fight climate change that he touted in last week's State of the Union address, could be threatened by continued low gasoline prices that encourage consumers to return to buying gas guzzling vehicles, National Journal reports.
Newly elected Alaska Gov. Bill Walker, an independent, has talked about spending cuts and hinted at possible new taxes to fill the gaping hole left in the state’s budget by the collapse of oil prices, but a Republican-controlled legislature filled with allies of Sean Parnell, the man he defeated in the November election, may make getting approval for his policy changes difficult, if not impossible, The New York Times reports.