Volkswagen faces billions of dollars in potential new penalties after the top US consumer watchdog hit the automaker with a lawsuit over its emissions cheating scandal. The Federal Trade Commission is Continue Reading
Butanes include both normal butane and isobutane. U.S. production of hydrocarbon gas liquids (HGL)—a group of products including ethane, propane, butanes, and natural gasoline—is expected to increase from 3.86 million Continue Reading
BP plc, headquartered in the UK, has announced it will lay off 500 of its workers in Houston. According to a letter to the Texas Workforce Commission, the oil and Continue Reading
While the upstream sector continues to struggle in the low oil price environment, Rigzone explores possible opportunities in midstream. Judging by the many headlines we’ve seen over the past 18 Continue Reading
After heading as far as Israel and China, unrestricted U.S. crude oil exports are set for another first since a 40-year ban on overseas sales was lifted three months ago: Continue Reading
Massachusetts became the latest state investigating whether Exxon Mobil Corp. misled investors and the public about how climate change may affect its business. News of the state’s probe came as Continue Reading
Russia’s ruble reversed losses after Federal Reserve Chair Janet Yellen urged caution on raising interest rates. The nation’s stock index fell, extending its longest stretch of losses since 2011, as Continue Reading
The head of Russian oil company Rosneft told the president that investments for the year will be 30 percent higher despite the pressure from low oil prices. Russian President Vladimir Continue Reading
Just a few years ago, when oil sold for about $100 a barrel, banks here were lining up to give international oil explorers access to billions of dollars to finance Continue Reading
Abengoa SA has filed for bankruptcy protection in the U.S. as the Spanish energy company continues talks with its banks and bondholders to agree on its plan to restructure billions Continue Reading
