The agency that oversees oil and gas drilling in the state says it doesn’t collect nearly enough money to clean up wells in case companies walk away. Regulators say the recent influx of small, private companies means Alaska risks shouldering the cost of abandoned wells. State lawmakers are receptive to addressing the issue.
Wall Street is throwing the most money at U.S. energy companies since at least 2000 amid growing confidence that the industry is emerging from the worst downturn in a generation.
Despite my love for frunks, I have to admit that a frunk that’s not really able to be securely locked isn’t that useful a trunk.
It’s been nearly two years since Nadia Levine fielded the frantic calls — the first one from her husband, the next from a co-worker.
OPEC has delivered more than 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to monitor its supply, making a strong start to implementation of its first production cut in eight years.
In a stunningly public rebuke for a typically buttoned-up company, Volkswagen issued a statement Wednesday afternoon denying the accusations and assailing former chairman Ferdinand Piech for alleging that ex-CEO Martin Winterkorn and other executives knew about possible emissions cheating.
Viewed from the United States, Volkswagen’s “Dieselgate” scandal is a tale of massive legal settlements but minor environmental impacts.
Tesla Inc. says it will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan, moving the company closer to meeting its target to start production in July.
Oil giant Shell is to launch a bid to leave the 10 vast concrete legs of three oil rigs standing in the North Sea for up to 500 years after the platforms have been decommissioned.
Tesla, with its stock breaking out Tuesday, had the best-selling electric vehicle for the past two years in a relatively small market, but General Motors, Ford and others are racing for the lead as China pumps on the gas.
