Oil

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U.S. company Noble Energy begins drilling in Cyprus

Sep 21, 2011
A Texas-based oil company discovered a large supply of deep water natural gas in the Mediterranean and plans to begin drilling this week. That's causing big tension with countries in the region.
Posted In: Oil

Gulf storms crimp gas supply

Sep 8, 2011
Oil and gas production in the Gulf of Mexico is slowly coming back online following Tropical Storm Lee, but more storms are looming and consumers may soon be feeling the effects.
Posted In: Oil

Labor Day gas prices at record highs

Sep 2, 2011
Gasoline prices are near the highest they've ever been this time of year. Americans have been using less gas thanks to greener cars and the poor economy.
Posted In: Oil

The wild, wild north

Aug 31, 2011
Exxon Mobil's deal to explore Russia's Arctic north is a risky bet in a country where executives recently required safehouses.
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BP offices raided after losing Arctic deal with Russia

Aug 31, 2011
BP's offices were raided earlier today as part of a lawsuit against the company. The oil giant is being sued for damages by a shareholder after BP lost a similar deal with Russian company Rosneft to explore the Arctic for oil.
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ExxonMobil's Russian Arctic deal another blow to BP

Aug 31, 2011
Yesterday, oil giants ExxonMobil and Rosneft of Russia struck a deal to explore oil in the Arctic. This comes as yet another blow to BP who also had its hopes set on the region.
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U.S. military looks to cut its addiction to oil

Aug 29, 2011
The need to maintain oil supply lines in combat puts soldiers at risk
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Keystone pipeline decision is pivotal for environmentalists

Aug 26, 2011
It's expected that the State Department will release its final environmental assessment of the Keystone XL pipeline. There have been protests in Washington against the pipeline for two weeks.
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High price of oil spurs demand for petroleum engineers

Aug 24, 2011
Students flock to college programs in the field with six-figure starting salaries as incentive
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Rush for Libya's oil

Aug 23, 2011
As the conflict ends, the fate of Libya's damaged oil industry rests with the National Ruling Council.
Posted In: Oil

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