NEW HAVEN, Conn. (AP) — The black-and-white photo on the wall of Jennifer Tracey-Carlo's heating oil company shows her father and grandfather standing beside a small fleet of gleaming delivery trucks, offering a glimpse into a time when oil was king and honoring the two men who built the business.
NEW ORLEANS (AP) — A federal appeals court heard dueling arguments Monday on whether a judge should have approved BP's multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.
Freedonia Group, a market research firm, said in a study that oil companies have tripled their spending on chemicals since 2007 as advanced drilling techniques require greater supplies, FuelFix reports.
NEW ORLEANS (AP) — A year ago, lawyers for BP and Gulf Coast residents and businesses took turns urging a federal judge to approve their settlement for compensating victims of the company's massive 2010 oil spill.
CARACAS, Venezuela (AP) — Venezuela has quietly seized control of two oil rigs owned by a unit of Houston-based Superior Energy Services after the company shut them down because the state oil monopoly was months behind on payments.
ANCHORAGE, Alaska (AP) — Royal Dutch Shell PLC will submit an Arctic offshore exploration plan for waters off northern Alaska but has not made a final decision on whether to drill in 2014, the company announced Thursday.
RIO DE JANEIRO (AP) — The oil company of Brazil's one-time richest man filed for bankruptcy protection Wednesday, marking a humbling blow for Eike Batista, a flamboyant former champion speedboat racer who has been his nation's biggest economic cheerleader in recent years.
Sen. Ron Wyden, D-Ore., urged the Energy Department's inspector general to swiftly resume its investigation into the Bonneville Power Administration, saying he has "credible evidence" of whistle-blower retaliation, The Hill reports.
The Nuclear Regulatory Commission hired a new resident inspector at the Pilgrim nuclear plant in Plymouth, Mass., but the agency said the plant's recent performance rating downgrade played no role in the decision, The Patriot Ledger reports.
A group of environmental organizations urged the Environmental Protection Agency to develop regulations to curb methane emissions and called on the Interior Department to strengthen existing rules to limit the greenhouse gas, National Journal reports.
The Nuclear Regulatory Commission signed a five-year lease extension for its headquarters in Rockville, Md., after the House Transportation Committee passed a resolution allowing the agency to retain the lease in exchange for relinquishing space in another building, Washington Business Journal
The shutdown of nuclear reactors in the aftermath of the Fukushima Dai-ichi disaster has pushed Japan to fossil fuels, leading to higher pollution and higher costs as the government prepares to release a long-term power security plan, Bloomberg reports.
TransCanada Corp. said the southern portion of the Keystone pipeline would be ready to ship oil by mid-January, backing off the anticipated start date of Jan. 3 it submitted to the Federal Energy Regulatory Commission, Bloomberg reports.
Shell is promising the Obama administration that its equipment is ready and personnel properly trained for more Arctic drilling in 2014, reports Fuelfix, as the company outlines its plans for future exploratory operations following criticism of its past safety record.
Energy IPOs picked up nearly $6 billion in Wall Street investment in 2013, more than triple the amount the year before, says Fuelfix, which reports that many involve master limited partnerships, popular with pipeline companies.
A study commissioned by API and National Ocean Industries Association concludes that opening the Atlantic Outer Continental Shelf to oil and gas drilling would create 280,000 new jobs and boost investment and U.S. production, the Oil & Gas Journal reports.