Sen. David Vitter, R-La., said BP will spend the first $340 million of up to $1 billion for early restoration projects in Gulf-area states, FuelFix reports.
NEW YORK (AP) — A decade ago, large investors in so-called clean technology had a straightforward goal: finance companies that would help eliminate the world's dependence on oil, natural gas and coal.
A Royal Dutch Shell source said the company would shift its Australian head Ann Pickard to lead the company's explorations in the U.S. Arctic Ocean, The Wall Street Journal reports.
Occidental Petroleum announced Chief Executive Stephen I. Chazen would stay in his position until the end of 2014 as the company looks for a replacement, The New York Times reports.
LONDON (AP) — BP's sale of its Russian joint venture helped boost its first-quarter replacement cost profits to $16.5 billion, more than triple the $4.7 billion for the same period last year.
A bill sponsored by Rep. Scott Rigell, R-Va., would force the Interior Department to begin sales of offshore oil leases off the coast of Virginia, FuelFix reports.
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. fell by four this week to 1,754.
The Wall Street Journal examines how new drilling technology is assisting in the quickly expanding oil and natural gas development of the North Sea off the coast of Scotland.
House Natural Resources Energy and Mineral Resources Subcommittee hearing, "U.S.-Mexico Transboundary Hydrocarbon Agreement and Steps Needed for Implementation." Hearing will also examine the Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act.
Energy Secretary Ernest Moniz said growing stocks of U.S. natural gas can serve as a bridge to develop more renewable energy capacity, The Verge reports.
The State Department released the first batch of 100,000 public comments on its draft environmental impact study of the Keystone XL pipeline, Bloomberg reports.
Employees at the Environmental Protection Agency and three other agencies will take their first furloughs stemming from budget cuts today, Politico reports.
Current and former U.S. officials say Iranian hackers have boosted cyberattacks against computer networks at energy companies, Dow Jones Business News reports.
Interior Secretary Sally Jewell is in Portland, Ore., on Friday to announce new energy cooperation with Gov. John Kitzhaber and a representative of Washington Gov. Jay Inslee, The Hill reports.
Attorneys general in four Northeastern states announced they would petition the Nuclear Regulatory Commission for a new review of regulations governing nuclear waste storage, The Associated Press reports.
A panel of infrastructure experts in New Jersey criticized Gov. Chris Christie for remarks that suggested there was no evidence of a link between climate change and Hurricane Sandy, E&E Publishing reports.
Participants in the Energy Department's Better Buildings Challenge, designed to reduce energy consumption at buildings, saved about $58 million in energy costs last year, The Journal Sentinel reports.
Commodities firm Prime International Trading Ltd., filed lawsuits against BP, Statoil and Royal Dutch Shell for alleged price manipulation, Reuters reports.
