Oil and Gas
Crude oil prices holding steady
New York (UPI) May 12, 2015 - Crude oil prices retreated from early gains Tuesday amid market uncertainty following delays in the release of a monthly market report from OPEC.
Oil and Gas
Ecuador campaign urges Brad Pitt not to make oil movie
Quito (AFP) May 12, 2015 - Activists have launched a campaign urging Hollywood heartthrob Brad Pitt not to make a movie based on what they call a biased account of Ecuador's battle with oil giant Chevron over environmental damage in the Amazon.
Oil and Gas
Encana looks forward after lower profits
Calgary, Alberta (UPI) May 12, 2015 - Largely from U.S. shale basins, Canadian energy company Encana Corp. said Tuesday its production improved, though profits took a major hit.
Bio Fuel
For biofuels and climate, location matters
Vienna, Austria (SPX) May 12, 2015 - A new study published in the journal Nature Climate Change shows that, when looking at the production site alone, growing biofuel crops can have a significant impact on climate depending on location
Oil and Gas
Maersk Oil makes North Sea discovery
Copenhagen, Denmark (UPI) May 12, 2015 - About a month after starting production in the region, Maersk Oil said Tuesday, it found a new source of reserves in the Danish waters of the North Sea.
Oil and Gas
Mixed bag for U.S. gasoline prices, AAA says
Washington (UPI) May 12, 2015 - The retail price for a gallon of gasoline in the United States is the highest so far for the year, but the lowest for this date since 2009, AAA said.
Oil and Gas
North Dakota to research CCS
Bismarck, N.D. (UPI) May 12, 2015 - The U.S. Energy Department and the University of North Dakota entered a two-year agreement to curb carbon emissions from fossil fuels, a state senator said.
Oil and Gas
Shell’s Alaska nod met with outrage
Anchorage, Alaska (UPI) May 12, 2015 - A federal decision to give conditional approval to Shell to drill in the arctic waters off the coast of Alaska was an egregious error, advocacy groups said.
Bio Fuel
WSU researchers produce jet fuel compounds from fungus
Richland WA (SPX) May 12, 2015 - Washington State University researchers have found a way to make jet fuel from a common black fungus found in decaying leaves, soil and rotting fruit. The researchers hope the process leads to econo
Oil and Gas
World panel warns of risks of oil price volatility
Washington (UPI) May 12, 2015 - Volatility in the world energy marketplace exposes the global economy to substantial risks moving forward, a global committee report said.
Oil and Gas
BG Group improving for Shell
London (UPI) May 11, 2015 - Helge Lund, chairman of British energy company BG Group, told a British newspaper he'd deliver to Shell-- a company well suited to navigate a new energy market.
Energy News
Carbon price vital for zero-emission goal: World Bank
Paris (AFP) May 11, 2015 - Safely reaching the UN's climate target requires governments to have a long-term vision that includes carbon pricing, the World Bank said Monday.
Oil and Gas
Crude oil prices drift lower ahead of OPEC report
New York (UPI) May 11, 2015 - Crude oil markets held their breath in early Monday trading as markets waited for official word on midseason trajectory from members of OPEC.
Oil and Gas
Momentum building against Shell’s Alaska plans
Seattle (UPI) May 11, 2015 - After a setback in Seattle, organizers announced plans to hold weekend events to protest Shell's drilling plans in the arctic waters off the coast of Alaska.
Oil and Gas
Noble grabs Texas shale in $2.1 billion deal
Houston (UPI) May 11, 2015 - Noble Energy Inc. said Monday it was moving into two Texas shale basins with the $2.1 billion acquisition of rival Rosetta Resources.
Oil and Gas
Obama approves drilling in Arctic
Washington (AFP) May 11, 2015 - US President Barack Obama's administration on Monday approved petroleum giant Shell's request to begin drilling for oil and gas in the Arctic Sea under certain conditions, despite opposition from environmental groups.