| Feb 2, 2015
| 10:18 PM
Florida's 120-day streak of falling gasoline prices has ended.
The average price for gas statewide rose Sunday for the first time in four months, travel club AAA said. That's in line with last week's bump in the U.S. average price, snapping the...
| Feb 12, 2015
| 6:32 PM
A revised environmental review of a contested Arctic oil lease makes drilling in the area far more likely, a development that has infuriated environmentalists.
The federal Bureau of Ocean Energy Management released the new environmental assessment of...
| Feb 13, 2015
| 2:08 PM
From the Chicago Skyway, the flares at BP's Whiting oil refinery look like burning cigarettes balanced upright.
They continued to fire this week even as 1,065 workers entered the second week of a national strike affecting 11 production facilities,...
| Oct 12, 2014
| 9:17 PM
At 135 years and counting, the oil company now known as Chevron Corp. is one of California's oldest survival stories.
Chevron traces its history to 1879 when Pacific Coast Oil Co. was founded. It was bought, in 1900, by the vast industrial empire of the...
| Nov 23, 2014
The for-sale sign WPX Energy Inc. recently put on its Marcellus shale wells and land could signal more moves among natural gas producers struggling with low prices, observers say.
"I do know a couple of companies that are interested in getting out of...
| Jul 25, 2013
| 2:36 PM
July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
** Dell Inc founder Michael Dell raised his $24.4 billion bid by less than 1 percent just hours before it was to be put to a vote,...
| Jan 2, 2014
| 5:43 PM
Texas billionaire T. Boone Pickens thinks his long bet on natural gas is finally paying off.
The legendary oilman has long declared it his mission to wean America off its addiction to foreign oil. He co-founded an Orange County company that builds...
| Jan 22, 2014
| 10:19 PM
SEATTLE — The U.S. government violated the law when it opened millions of acres of the Arctic Ocean to offshore oil drilling, a federal appeals court ruled Wednesday, possibly delaying plans by companies such as Royal Dutch Shell to drill off the...
| Nov 13, 2013
| 12:58 PM
Brazil is poised to triple oil production in the next two decades and become a top producer by 2035 if the country can develop its massive offshore reserves.
Brazil could jump to No. 6 on the world's top producer list by 2035, up from 12th currently,...
| Apr 3, 2014
| 6:59 PM
SEATTLE — A Coast Guard investigation into the 2012 grounding of the Kulluk, an offshore drilling rig operated by Royal Dutch Shell in the harsh Arctic, blasted the oil company for legal violations, poor management and taking undue risks,...
| Jan 30, 2014
| 11:32 AM
Occidental Petroleum reported higher profits in the fourth quarter as the oil and gas producer seeks to revamp its business after a boardroom shakeup last year.
The Los Angeles company reported profits of $1.6 billion, or $2.04 a share, in the quarter...