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Oil

A pipeline carries oil near Beaumont, Texas. (credit: Joe Raedle/Newsmakers via Getty Images)

Safety Concerns Over Collin County Pipeline

Both city officials and residents of Farmersville in Collin County are concerned over the proposed new use of a 36 year old oil and natural gas pipeline.

07/25/2012

Employees of an oil and gas company work on a natural gas valve at a hydraulic fracturing site. (credit: Spencer Platt/Getty Images)

Fracking Study To Be Independently Reviewed

Critics of hydraulic fracturing, or fracking, believe it harms the environment. Industry leaders insist it is safe.

07/25/2012

(credit: Mladen Antonov/AFP/Getty Images)

Insurer Won’t Cover Gas Drill Fracking Exposure

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.

07/13/2012

A drilling rig is seen in the Gulf of Mexico. (credit: Mario Tama/Getty Images)

Gulf Oil & Gas Leases Go On Sale

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.

06/20/2012

A look at the downtown Dallas skyline. (credit: Matt Goodman/KTVT/KTXA)

Old Stereotypes Persist As New “Dallas” Debuts

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?

06/13/2012

A sign at an Exxon gas station in Miami, Florida. (credit: Eric Thayer/Getty Images)

Shareholders Support Exxon’s Executive Pay

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.

05/30/2012

A sign at an Exxon gas station in Miami, Florida. (credit: Eric Thayer/Getty Images)

Exxon To Spend $185 Billion To Find Oil & Gas

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.

03/08/2012

The letters BP, inscribed in sand and oil by a Greenpeace activist, are shown on a beach at the mouth of the Mississippi River on May 17, 2010 in near Venice, Louisiana. (credit: John Moore/Getty Images)

BP Settles With Maker Of Failed Blowout Preventer

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.

12/16/2011

(credit: Justin Sullivan/Getty Images)

Oil Giant ConocoPhillips To Split Into 2 Companies

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.

07/14/2011

An Exxon gas station sign seen on June 13, 2008 in West Hollywood, California. (credit: David McNew/Getty Images)

Exxon Discovers New Oil In The Gulf Of Mexico

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.

06/09/2011

An oil drilling rig is seen on September 29, 2010. (credit: KAREN BLEIER/AFP/Getty Images)

Montague Grand Jury Indicts 10 People In Oil Thefts

A jury has returned 23 felony indictments against 10 people in the theft of over $1 million of oil from North Texas wells.

12/30/2010

Obama Administration lifts Gulf Coast oil drilling moratorium

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.

10/12/2010

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