Wildcatters are crossing the border into Mexico to pour money into the country’s recently deregulated energy sector, betting that the plunging peso and other economic stress won’t disrupt their business.
Crude oil prices ended the week lower, with all eyes on the extent to which pledges on production cuts are being met.
Environmental regulators issued a final decision Friday to keep intact tougher fuel-economy standards, rushing to lock in one of President Barack Obama’s signature climate policies.
U.S. shale drillers that proved resilient during the oil downturn face a new test in 2017: Can they make money producing more now that prices have stabilized?
Oil prices fell, with investors set to digest key OPEC numbers that will give further clues on supply and demand.
Prime Minister Justin Trudeau sparked anger in the oil-rich province of Alberta for saying Canada needs to transition out of fossil fuels.
The number of rigs drilling for oil in the U.S. fell by seven in the past week to 522, according to oil-field services company Baker Hughes.
Anadarko Petroleum Corp. has agreed to sell its South Texas oil-and-gas assets to Sanchez Energy Corp. and Blackstone Group LP for $2.3 billion.
The Ronald Reagan Presidential Foundation says it has only received $15,000 of the $975,000 pledged to it by now-deceased Oklahoma oil man Aubrey McClendon, and has asked a judge to reconsider its request for the remainder.
A big obstacle is emerging for the Organization of the Petroleum Exporting Countries’ plan to raise oil prices with output cuts: vast global reserves of crude that threaten its power over markets.
Oil giant Exxon Mobil has a long history of advocacy and engagement around issues related to international sanctions, including membership in a Washington-based trade group that strongly opposes unilateral U.S. sanctions against foreign countries and entities.
British Columbia said Kinder Morgan could proceed with plans to expand its Trans Mountain crude-oil pipeline, representing the final regulatory hurdle for the multibillion-dollar project.
Output has more than tripled in the past three months and hit a three-year high this week as militias make deals to reopen facilities. The country was exempted from cuts agreed to by major oil producers.
Oil and gas companies, airlines and others have launched lobbying blitzes amid renewed hope for pro-business policy changes under a Trump administration.
The EU has approved a restructuring plan for French nuclear group Areva, saying a planned $4.76 billion capital injection is in line with the bloc’s state-aid rules.
Lockheed Martin is ordering inspections of the global Sikorsky S-92 helicopter fleet following an accident in the U.K. last month.
Auto makers, betting that rising gasoline prices won’t spoil America’s love affair with pickups and SUVs, are increasing their exposure to a light-truck segment that let the industry down a decade ago. But executives say it’s different this time.
House Republicans are poised to approve legislation making it harder for the Commodity Futures Trading Commission to complete long-delayed rules limiting speculation in commodities like oil and gold.
Although the Indian Point Energy Center supplies enough energy to power up to two million homes in New York and Westchester County, experts say there are alternative sources coming on line to fill the gap when the nuclear plant closes.
Utilities are closing U.S. nuclear-power plants as they face competition from cheaper sources of electricity and political pressure from critics.