U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence. More »
As companies scramble to announce new plants and expansion projects to capitalize on abundant supplies of cheap, natural gas, Cheniere Energy is nearly finished with the first phase of its liquefaction export terminal. More »
ConocoPhillips’ plans for the first oil production facilities from federal lands in Alaska moved one step closer to reality on Wednesday, as the Interior Department released a critical environmental study on the project. More »
The TransCanada Corp. project would transport oil from Canadian tar sands through Montana and South Dakota to Nebraska, where it would connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to refineries along the Gulf Coast. More »
Murray Energy Corp., a privately held company with a dozen mines in Illinois and five other states, is among the nation’s most vocal coal producers. More »
Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices. More »
On a week in which many executives have tried to downplay concerns about declining crude oil prices, the message provided one of the clearest pictures yet of how, exactly, the latest slide would affect earnings. More »
Hess Corp.’s third quarter profits increased 140 percent to $1 billion, the New York-based exploration and production company announced, as the company enjoyed the proceeds of a massive asset sale. More »
Plummeting crude prices worldwide doubled Phillips 66′s profits in the third quarter, providing the company with a cheaper feedstock to run its refineries. More »