Critics of hydraulic fracturing, or fracking, believe it harms the environment. Industry leaders insist it is safe.
Nationwide Mutual Insurance Co. has become the first major insurance company to say it won’t cover damage related to a gas drilling process that blasts chemical-laden water deep into the ground.
The federal government is set to sell off oil and natural gas leases in the central Gulf of Mexico — off the coasts of Louisiana, Mississippi and Alabama.
The original version of the TV show, “Dallas” painted a tall tale of cowboy hats, big ranches and oil tycoons with Texas twangs. Does that image persist?
Exxon Mobil’s CEO had a good year in 2011 — compensation valued at $25.2 million. Shareholders did as well, and they’re supporting the oil giant’s pay program.
Exxon said that it will spend about $185 billion over the next five years to find more oil and natural gas to meet an expected increase in energy demand.
BP said it was “in their mutual best interests, and the agreement is not an admission of liability by either party.” The companies are dropping all claims against one another, they said.
Houston-based ConocoPhillips, the nation’s third-largest oil company, said Thursday that it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire.
ExxonMobil disclosed details of an oil and gas field that could prove to be one of the largest discoveries in the Gulf of Mexico in recent years.
A jury has returned 23 felony indictments against 10 people in the theft of over $1 million of oil from North Texas wells.
The moratorium on deep water drilling in the Gulf of Mexico has been lifted because new safety standards will make a disastrous oil spill much less likely, Interior Secretary Ken Salazar announced today.
An offshore oil rig exploded in the Gulf of Mexico today, west of the site of the April blast that caused the massive oil spill. A commercial helicopter company reported the blast around 9:30 a.m. […]