Shares gained more than in any other industry, thanks to crude rising from a 12-year low. Profits were the best in at least three quarters for majors including Royal Dutch Shell, Chevron Corp. and BP, helped by cost cuts, analysts say.
The first commercial planes in Africa to use biofuels carried 300 passengers between Johannesburg and Cape Town on July 15.
The water supply for communities in the Canadian province of Saskatchewan is threatened by an oil spill that dumped an estimated 66,000 gallons of heavy oil, along with natural gas used to dilute it, into a major river.
Electric power could be the dominant form of propulsion for all new cars sold in the UK as early as 2027, with more than 1.3 million electric cars registered each year, according to forecast analysis by Go Ultra Low, the government and industry-backed campaign.
The idea for Tesla to build a large, long-haul trucking vehicle came from the section of the Master Plan modestly titled “Expand to Cover the Major Forms of Terrestrial Transport.”
Beware, oil bulls: Just as U.S. oil production sinks low enough to drain supplies, demand is about to fall off a cliff.
Air pollution kills more than 5 million people every year, yet there has been no analysis of the costs versus benefits of city cycling. Until now.
Royal Dutch Shell says it’s cutting one-quarter of its deep-water Gulf of Mexico workers, the oil company’s latest bid to reign in costs amid anemic crude prices.
Some survivors of the American ethanol-industry downturn are looking to acquire assets from a failed competitor just as market conditions show signs of a rebound.
Tesla Motors Inc. is scrambling to finish building its massive $5 billion battery factory here years ahead of schedule to meet demand for its coming cheaper sedan and provide power for new types of vehicles Chief Executive Elon Musk says are under development.
