The Small Business & Entrepreneurship Council said in a report that job creation in the oil and gas industry has driven U.S. economic recovery, adding 293,000 jobs from 2005 to 2012 as other industries eliminated jobs, FuelFix reports.
A federal appeals court ruled unconstitutional Shell's attempt in 2012 to preemptively sue a number of environmental groups to block them from filing lawsuits against the company for its Arctic drilling plans, The Los Angeles Times reports.
The Kurdistan Regional Government's cabinet approved a bill that would have the semi-autonomous region set up an oil and gas company and sovereign wealth fund for revenue completely separate from Iraq's central government, Bloomberg reports.
BAGHDAD (AP) — Iraqi soldiers battling the Islamic State group recaptured most of the town of Beiji, home to the country's largest oil refinery, state television and a provincial governor said Tuesday.
The strategic town, 250 kilometers (155 miles) north of Baghdad, will likely be a base for a future push to take back Saddam Hussein's hometown just to the south, one of the main prizes overrun by the extremists last summer. But troops backed by Shiite militias faced pockets of stiff resistance around Beiji, hindering their advance.
In what would be the federal government's largest ever environmental settlement, a federal judge approved a $5.15 billion deal for Anadarko Petroleum Corp. to settle claims that it skirted pollution rules when it acquired Tronox Inc. from Kerr-McGee Corp., The Wall Street Journal reports.
United Arab Emirates' Energy Minister Suhail Al Mazrouei expressed concern that a continued oversupply of oil in global markets would hurt new exploration and production, arguing the viability of some new projects are based on $100 a barrel oil, Bloomberg reports.
ANCHORAGE, Alaska (AP) — Six environmental groups sued Monday to throw out a federal agency rule that concludes oil exploration off Alaska's northwest coast has a negligible effect on walrus.
The groups claim the U.S. Fish and Wildlife Service has understated the effects of booming seismic airguns, ship traffic and other industrial activity as it promulgated a five-year walrus harassment rule.
After suing Exxon Mobil for $8.9 billion in damages for wetland contamination in northern New Jersey, the state has suddenly settled the case for $250 million shortly before a judge was expected to issue a ruling for damages, The New York Times reports.
The Environmental Protection Agency’s rules to limit power plant carbon emissions and clarify its jurisdiction over bodies of water are top of the hit list for lawmakers like Rep. Bill Flores, R-Fla., attending the Conservative Political Action Conference, McClatchy reports.
The American Meteorological Society has sent a letter to Rep. Raul Grijalva, D-Ariz., saying that his investigation into the funding behind climate studies “sends a chilling message to all academic researchers,” National Journal reports.
The Forest Service needs to increase harvesting in the Tongass National Forest or timber mills in Alaska’s southeast will start to go bust, Energy and Natural Resources chair Sen. Lisa Murkowski, R-Alaska, told its chief Tom Tidwell at a hearing Thursday, E&E reports.
Fleet cards issued by the U.S. General Services Administration have been illegally used to pay for $2.4 million worth of gasoline by government workers filling up their own personal cars, News4 Washington reports.
The California state senate has announced it will hold three days of public hearings to examine the operations of the Public Utilities Commission, already in the spotlight for its closeness with the companies it regulates, the Los Angeles Times reports.
Members of the Southeast Louisiana Flood Protection Authority-East will decide Monday whether to appeal a judge’s dismissal of their coastal erosion lawsuit against major oil and gas companies, The Associated Press reports.