Oil & Gas News

U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.

Pictured: Shoupe Glacier in Alaska. The team behind the Alaska LNG project has submitted an application to the U.S. Department of Energy for exporting liquefied natural gas.

Though a sit-down meeting did not produce a solution, some of those involved in a lengthy legal dispute over the value of two hydroelectric stations still believe the case may not have to go to trial.

An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for Exxon Mobil Corp. Exxon, the top U.S. oil major and the world's most valued oil company, is bringing the rig, called West Alpha, from Norway to the Russian Arctic.

Looking to satisfy city and state leaders, Chevron Corp. on Monday reversed its previous position and agreed to a lower cap on greenhouse gas emissions stemming from its $1 billion Richmond refinery modernization project.

COURTESY OF CHEVRON/2012Workers use a man lift to secure access platforms on a vacuum distillation column at the Chevron Pascagoula Base Oil Project, a $1.4 billion project that started production this month.

HOUSTON A funnel cloud briefly touched down Monday afternoon on what is expected to a rather hot week for the Houston area, KHOU 11 News Meteorologist Brooks Garner said.

Malaysian Airline System Bhd. aircraft sit parked at Kuala Lumpur International Airport in Sepang, Malaysia, on Friday, July 18, 2014.

An oil tanker utilizes the dock of a Valero refinery in Port Arthur, Texas. Valero opposes lifting the current federal ban on U.S. crude-oil exports.

Halliburton Co , the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.

North Dakota's workforce agency says a shift in the labor market has drawn more women seeking permanent work in the oil and gas industry of western North Dakota.

The Houston-based company said earnings increased to $774 million, or 91 cents per share, from $644 million, or 69 cents per share, a year ago.

The Houston-based company said earnings increased to $774 million, or 91 cents per share, from $644 million, or 69 cents per share, a year ago.

MANILA, Philippines Several oil companies announced on Monday that it will be adjusting prices of their fuel products on Tuesday.

Friday's heavy rain caused sewage lines at the Exxon Mobil Refinery in Beaumont to overflow, spilling sewage into and around the refinery's property.

The Bureau of Land Management director has called for a new fee to help pay for inspections for oil and gas wells.

It is estimated that there are 160 billion barrels of oil still trapped underneath this country in what are considered depleted oil fields.

The Petro Canada gas station on Ross Road in West Kelowna was down to its last case of water Friday afternoon.

For PennEnergy Resources, as for many other oil and gas startups, it started in a bar.

After coal for the thermal-electricity plants, the north region now is short of petrol and diesel for its filling stations because the oil refineries in Bathinda and Panipat are closed for annual maintenance.