Facing pressure from investor Carl Icahn, Transocean Chairman Michael Talbert announced he would leave the company within the next year, The Wall Street Journal reports.
WASHINGTON (AP) — The icy Arctic is emerging as a global economic hot spot — and one that is becoming a security concern for the U.S. as world powers jockey to tap its vast energy resources and stake out unclaimed territories.
NEW YORK (AP) — Hess Corp. will split the positions of CEO and chairman as it fights off a campaign by a major shareholder for a change in leadership at the New York energy company.
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. rose by five this week to 1,769.
A conference of union representatives, industry leaders and elected officials called for expanded energy infrastructure investment and approval of the Keystone XL pipeline, the Detroit Free Press reports.
Democrats on the House Natural Resources Committee unveiled an analysis highlighting offshore drilling companies with the most environmental and safety issues, FuelFix reports.
A federal judge agreed to postpone former BP executive David Rainey's trial for charges of withholding information about the 2010 Gulf of Mexico spill from Congress, FuelFix reports.
The American Petroleum Institute said the EPA ignored federal law by shortening the public comment period for its regulation to cut sulfur content in fuel, The Hill reports.
Sen. Sheldon Whitehouse, D-R.I., apologized for referencing the Oklahoma tornadoes while criticizing Republicans on climate change during his weekly Senate speech, Fox News reports.
Harold Brooks, a researcher at the National Severe Storms Laboratory, said powerful tornadoes can't be blamed on climate change without more data, Bloomberg reports.
Despite successful tornado warnings in Oklahoma, Congress currently plans to let furloughs for National Oceanic and Atmospheric Administration forecasters take effect, Politico reports.
Tesla Motors' plan to repay its Energy Department loan as early as today offers President Obama a major victory after two years of criticism for his clean-energy plans, Bloomberg reports.
A poll from Yale and George Mason universities found a majority believe national leaders should put priority on combatting global warming and developing clean energy, the Los Angeles Times reports.
The European Union's probe into possible energy price manipulation has brought focus to oil companies' trading desks, units that sometimes take more risks than Wall Street firms, Reuters reports.
Indonesian authorities arrested Chevron executive Bachtiar Abdul on corruption charges despite a 2012 court order clearing him of wrongdoing, Reuters reports.
Chinese Premier Li Keqiang said his country and Pakistan should expand cooperation on power generation to help alleviate Pakistan's energy crisis, Reuters reports.
