Oil & Gas News

The owners of a Lexington ethanol plant and their insurer are suing a subsidiary of a Houston-based natural gas provider they say is responsible for an explosion and fire that shut down the plant for weeks.

The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp.

DIMOCK, Pa. -- More than a dozen families have filed suit against one of the nation's largest natural gas drillers after the company polluted their water wells in northeastern Pennsylvania.

Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.

French oil services company Technip SA said Thursday it signed an agreement with Schlumberger Ltd.

Marathon Oil said Thursday it expects 2009 production growth of 6% over the year-ago period as the energy company joins others in ramping up efforts to find more oil and gas while ratcheting down investment in the moribund refining and marketing business.

Woodside's Pluto gas project is on the Burrup Penninsula. Oil and gas producer, Woodside Petroleum says the estimated construction cost of its Pluto liquefied natural gas project will increase.

The president of Shell Oil Co. says the company did not ask a federal agency to delay a decision on the company's request to drill for oil and gas in Alaska's Chukchi Sea.

A woman who claimed she was raped in 2005 while working in Iraq for a former Halliburton Co.

While the rich getting richer may be galling for many of us, the RICH 100 provides a rough barometer on the health of our economy.

KBR security personnel expected casualties the night before six civilian drivers were killed and others injured in an Iraqi ambush, but sent the convoy into a combat zone anyway, according to e-mails presented in a Houston federal court Wednesday.

Originally published November 17, 2009 at 6:34 a.m., updated November 17, 2009 at 7:42 a.m. HOUSTON a ' A jury affirmed the charity-benefiting will of Houston oilman Alfred Glassell Jr.

The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE: Coventry Health Care Inc., down 63 cents at $23.05 An analyst said the health insurer will likely offer a disappointing 2010 earnings outlook and may be hit hard by health care reforms.

The United Seamen's Service 2009 40th Annual Admiral of the Ocean Sea Awards were presented to Donald Kurz, President and CEO of Keystone Shipping Co., headquartered in Philadelphia, and to Ronald Widdows, Group President and CEO of Neptune Orient Lines of Singapore, parent company of American President Lines .

Natural gas shipper and power producer TransCanada Corp. is forecasting major growth between now and 2013.

Niko Resources Ltd. , a Calgary company that operates in Asia, says it has struck deals to acquire Black Gold LLC, its partner in all of the Canadian company's Indonesian offshore energy properties.

Chevron is suing one of the architects of a massive environmental torts case against the company for his role in filing a separate civil suit against the energy giant in April 2006.

The public gets a chance Tuesday to comment or ask questions about a proposed new recreational trail that would link Mount Rushmore National Memorial with the George S. Mickelson trail in the Black Hills.

Former Vice President Dick Cheney is stepping to the side of Republican U.S. Sen.

Berkshire held about 1.28 million Exxon shares and 3.4 million American depositary receipts of Nestle at the end of the third quarter, the Omaha, Nebraska-based company said in a regulatory filing yesterday.