Oil & Gas News

The oil industry is pressuring President Barack Obama to end the 41-year-old ban on most crude exports.

March 1, 2014: Brian Scritchfield takes an order over the telephone at Bobtown Pizza in Bobtown, Pa.

SUPERIOR, Wis Environmentalists say they'll fight plans by Enbridge Energy to replace a crude oil pipeline from Canada to Wisconsin with a much larger facility.

A federal appeals court on Thursday revived dozens of lawsuits by soldiers and others who claim they were harmed by improper waste disposal while serving in Iraq and Afghanistan.

To give visitors a way to watch, the White House embedded a live stream from the Fusion network on its own website.

The Toronto stock market was lower Thursday while traders prepared to take in the release of job creation data Friday and European leaders considered sanctions against Russia.

The National Energy Board is set to release a decision today on whether it will allow energy delivery giant Enbridge to reverse the flow and increase the capacity of a pipeline that's been pumping oil between southern Ontario and Montreal for years.

Canadian Natural Resources Ltd. says its net earnings in the final quarter of 2013 totalled $413 million, or 52 cents per diluted share.

Federal Industry Minister James Moore has given the green light to a deal under which a subsidiary of Malaysia's Petronas will acquire the Montney gas holdings of Talisman Energy Inc. for $1.5 billion.

Former Conservative Indian Affairs minister Jim Prentice has been tapped to try and broker deals between Northern Gateway and First Nations opposed to the multibillion-dollar pipeline through British Columbia and Alberta.

Oil and gas giants Chesapeake Energy and Encana Corp. were charged on Wednesday with colluding to keep oil and gas lease prices artificially low in the state of Michigan, the state Attorney General Bill Schuette said.

Exxon Mobil says it will cut capital spending by 6 per cent this year but still boost production of liquids such as oil by 2 per cent.

In a seemingly bullet-proof, 485-page, 1842-footnote ruling, a Manhattan federal judge found on Tuesday that the $9.5 billion environmental judgment entered against Chevron in 2011 by an Ecuadorian provincial court was procured by fraud, bribery, and other racketeering acts orchestrated by New York plaintiffs attorney Steven Donziger.

The controversial Keystone XL pipeline will receive President Obama 's blessing and be built to transport crude oil from Canada to Texas, TransCanada Corp Chief Executive Russ Girling predicted on Tuesday.

The Supreme Court is considering whether to abandon a quarter-century of precedent and make it tougher for investors to band together to sue corporations for securities fraud.

Santonia Energy Inc. . Oil and gas. Up 15 cents, or 11.19 per cent, to $1.49 on 24.1 million shares.

A North Carolina appeals court upheld Tuesday the state's regulatory approval of the deal that made Duke Energy Corp. the country's largest electric company when it purchased Progress Energy.

The North Dakota Industrial Commission has sent a letter to federal regulators in support of a proposed $2.6 billion pipeline that would move North Dakota oil to Minnesota and Wisconsin.

Commercial deals concluded by Ukraine during the presidency of Viktor Yanukovich are already coming under scrutiny, less than two weeks since he was deposed, with lucrative gas projects involving Western companies among the first.

U.S. indexes were sharply higher in the wake of major losses Monday after Russian troops invaded the Crimean peninsula over the weekend, where Russia has major military installations and much of the population is Russian-speaking.