U.S. judge approves BP civil settlement with U.S. government over 2010 spill
Judge Carl Barbier granted final approval on Monday to BP Plc’s ( BP.L ) civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in Continue Reading
An early look at Elon Musk’s Gigafactory, a building that could change the world
Early concept art for Tesla’s Gigafactory. Everyone’s excited about Tesla’s new Model 3 car , but mass producing that electric vehicle is going to require a ton of batteries. That’s Continue Reading
Shale gas hits U.S. railroads and diesel demand
Cheap natural gas has slashed coal traffic across the U.S. rail network and in turn hit demand for diesel, demonstrating the interlocking relationship between the country’s energy and transport systems. Continue Reading
Once wedded to oil, Houston economy carries on despite bust
Amanda Salazar watched for a year as colleagues at the Houston-based oil rig manufacturer where she worked lost jobs, victims of the latest oil bust. She realized it was time Continue Reading
North Dakota rig count dipped below 30
After weeks of showing stability, the number of rigs deployed in North Dakota dipped below 30 for the first time in years, state data posted early Monday show. State data Continue Reading
TransCanada Shuts Keystone Pipeline
TransCanada said Monday that… TransCanada Corp. said Monday that it had shut down its Keystone oil pipeline due to a possible leak in South Dakota. Workers found signs of oil Continue Reading
Canada’s Ever-Shrinking Oil Industry Braces for More Job Cuts
After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. The next round of layoffs has Continue Reading
NASA Is Facing a Climate Change Countdown
The concrete block perches absurdly atop a piling, elevated about 10 feet above the beach sand. Is it art? A bulky milepost? Carlton Hall pointed to the puzzling object and Continue Reading
The car industry has never witnessed what Tesla is about to go through
Tesla Motors unveiled its latest electric car, the Model 3, on March 31, with a lower price tag and 2017 delivery date. Tesla chief executive Elon Musk heralded the Model Continue Reading
Shell pulls out of Arctic-focused exploration oil licensing round in Norway
Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore Continue Reading