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Oil & Gas

Cuomo questions Chevron in pollution lawsuit

May 6, 2009
New York Attorney General Andrew Cuomo has sent a letter to Chevron Corp., questioning whether executives have been upfront with shareholders about the company''s potential liability for decades of pollution
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Scientists unveil chocolate-fueled racecar

May 6, 2009
The Associated Press reports that scientists in the UK have unveiled what they hope will be one of the world''s fastest biofuel vehicles, powered by waste from chocolate factories and
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Oil execs see rough path for alternative energy

May 4, 2009
Despite millions in new investments and President Barack Obama''s push for clean energy technology, many oil and gas executives say mass production of renewable energy is not likely before at
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Oil to be removed from tank farm near volcano

April 29, 2009
The Associated Press reports that a tanker has arrived at the Drift River Terminal near Alaska''s erupting Mount Redoubt volcano to remove remaining oil from a storage facility. A spokesman
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California adopts nation''s first low-carbon fuel rule

April 27, 2009
According to the Associated Press, California air regulators are the first in the nation to adopt a mandate for low-carbon fuels, telling the petroleum industry it must help combat global
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Mississippi court agrees tire, not alcohol caused crash

April 22, 2009
Three young friends had been out drinking on a summer night in 2000 when their speeding sports car blew a tire and careered off a rural Mississippi highway, killing one
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Court rules water from gas drilling must be regulated

April 22, 2009
The Associated Press reports that, energy companies drilling natural gas from underground coal seams must obtain water well permits or replace the water they use if other water supplies are
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Big oil sees promise in pond scum

April 20, 2009
Big oil companies are betting that algae—that''s right, pond scum—is a viable source of renewable energy, and they''re joining academics, start-ups and the U.S. government in committing resources to studying
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Oil industry braces for drop in U.S. thirst for gasoline

April 13, 2009
According to the Associated Press, a growing number of industry players believe that America’s gas-gulping era is over. Among those who say U.S. consumption of gasoline has peaked are executives
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Exxon to keep investing, hiring despite downturn

April 8, 2009
The head of Exxon Mobil Corp. said the company is not planning to shrink its staff or cut back on investment because of the global economic downturn, according to the
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