The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64 percent of first-quarter revenue. Now the safety net is going away.
BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history
The California Air Resources Board has approved $373-million in grants to bolster alternative-fuel vehicles, including fleet-eligible rebates for low- and zero-emission passenger vehicles, the board announced.
Sales of hybrid and electric vehicles fell sharply in the first half of 2015, hurt by low gas prices, fewer incentives and a broader market shift away from cars.
The gigantic Greenland ice sheet, which is facing rapidly rising Arctic temperatures, is also contributing, and at least for now, appears to be throwing off much more ice than Antarctica.
U.S. crude prices fell 4 percent on Wednesday, posting their biggest daily drop since April after oil stockpiles in the United States rose for the first time in more than two months.
The group’s newest publication talks about attacking U.S. supertankers and screwing up the oil supply chain.
State officials on Wednesday formally adopted new rules governing hydraulic fracturing in California, setting in motion some of the toughest guidelines in the nation for the controversial oil extraction practice.
On Wednesday July 1, six states will raise their gasoline tax rates. While some drivers may view this as an unwelcome development, the reality is that most of these “increases” are simply playing catch-up with inflation after years (or even decades) without an update to the gas tax rate
Sometime this summer, a United Airlines flight will take off from Los Angeles International Airport bound for San Francisco using fuel generated from farm waste and oils derived from animal fats.
