Owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, that was once among the world’s largest, plan to invest $1.4 billion to refurbish and restart a portion Continue Reading
Rhode Island on Monday sued several major oil companies, including Exxon Mobil Corp and BP plc, accusing them of contributing to climate change that is damaging infrastructure and coastal communities Continue Reading
A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an Continue Reading
The general view of the issue is that shale oil saved us from peak oil, and the issue has largely disappeared from the media, to be replaced by warnings of Continue Reading
Hess Corp. reported Friday that it has agreed to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC. “We continue Continue Reading
A deluge of political scandals hasn’t sunk EPA Administrator Scott Pruitt. But a wonky debate over the nation’s biofuel policy just might. Republican Senator Chuck Grassley bluntly warned last month Continue Reading
Baker Hughes reported another dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 5 rigs , according to Continue Reading
U.S. biodiesel production fell to 140 million gallons in April from 147 million gallons a month earlier, the U.S. Energy Information Administration said in a report on Friday. Soybean oil Continue Reading
Executives from natural gas companies call their increasingly cheap and plentiful fuel the world’s best answer to climate change: it produces about half the carbon dioxide of coal when burned Continue Reading
U.S. crude production fell marginally by 2,000 barrels per day (bpd) to 10.467 million bpd in April from the highest on record in March, the Energy Information Administration (EIA) said Continue Reading
