Oil & Gas News

The price of natural gas jumped Thursday after a major producer said it is aggressively cutting production.

The Pennsylvania Department of Environmental Protection has fined a gas driller more than $500,000 for three separate incidents in Potter and Bradford counties.

The State Department's internal watchdog has cleared the agency of any impropriety in its review of a permit for a controversial pipeline that that would carry Canadian oil across the continental United States.

Former Goldman Sachs board member Rajat Gupta exits Manhattan federal court after a pre-trial hearing Thursday, Jan.

Belmont and Monroe County landowners, as well as natural gas and oil companies, hope the Ohio Department of Natural Resources will allow drilling in the liquids-rich Utica Shale formation to proceed.

The three-time Emmy Award winner Lorenz, 48, of 3 Bittersweet Lane, fell asleep with his car idling in the drive gear and his foot on the brake on Compo Road at 3:05 a.m. according to police.

Repsol YPF on Wednesday raised the estimate for potentially recoverable oil and gas in its part of Argentina's "Vaca Muerta" basin to the equivalent of nearly 23 billion barrels, indicating a total shale deposit big enough to enable Argentina to challenge the United States in non-conventional petroleum production.

One of the remotely operated vehicles is seen near the site of the Macondo well in the Gulf of Mexico, in this frame grab captured from a BP live video feed August 30, 2010.

Ohio's top law enforcer is seeking tougher environmental sanctions on polluters in the oil and gas industry and full disclosure of the chemicals used in the drilling technique called fracking.

General economic theory holds that companies will produce more of a good if its price is higher, or if it receives subsidies.

Norwegian oil company Statoil ASA on Wednesday said its profits soared in the fourth quarter on higher oil and gas prices and a one-time gain from the sale of a stake in a gas transportation company.

Gov. John Kasich didn't flinch when natural gas opponents disrupted his State of the State address Tuesday - he just kept talking about the 740 jobs MarkWest Energy's $500 million processing plants are expected to bring to the area.

Exxon Mobil has completed $20 million worth of upgrades to a pipeline that ruptured and spilled 1,500 barrels of crude oil into Montana's Yellowstone River.

Anadarko Petroleum Corp. led gains among big oil producers on Tuesday, but shares of natural gas and oil service specialists fell back.

While Judy and Chuck Cox were readying their grandchildren for a court-ordered visit with their father on Sunday - a visit that both boys were uncharacteristically fighting - authorities say their father... Canadian Natural Resources Limited will be powering down operations at its Horizon oilsands facility north of Fort McMurray over the weekend ... (more)

In another blow to troubled Canadian smartphone maker Research in Motion, energy drilling giant Halliburton Co.

Irving Oil sold 20 houses that it had originally purchased when it intended to build a second oil refinery.

The cloud of carbon dioxide that burst out of Lake Nyos in Cameroon and asphyxiated 1,700 people haunts the plans of oil and power companies to bury their greenhouse gases underground.

NEW YORK - Big Oil stocks have been stuck in place to start 2012, with big earnings getting a big yawn from investors.

Wang Tianpu, vice chairman of Sinopec is shown last year. The company is pushing to have the Supreme Court of Canada hear their side in a case involving workers who died in an accident in Alberta.