A pact that 15 U.S. states signed to jointly investigate Exxon Mobil Corp for allegedly misleading the public about climate change sought to keep prosecutors’ deliberations confidential and was broadly written so they could probe other fossil fuel companies.
Tesla Motors Inc.’s loss widened in the second quarter amid higher costs, but the company stuck to an ambitious plan that calls for building nearly 80,000 cars in 2016 and pulling forward a cheaper sedan aimed at the mass market.
The auto industry will need to step up introduction of fuel-saving technology to help the U.S. meet aggressive goals to combat climate change despite manufacturers’ requests for relief from existing rules, the Environmental Protection Agency’s top transportation official said.
A corner of the nation that seemed poised only a few years ago to become a new energy hub is now gripped by a debate over whether transporting volatile, hazardous crude oil by rail through cities and environmentally delicate areas can ever be made safe enough.
The Nigerian oil industry risks sinking deeper into crisis in the months ahead with more disruptions to oil output and exports as the government’s dialogue with militant groups has failed to curb violence in the Niger Delta.
Husky Energy says it sent crews out to see if there was a problem the night before a 250,000-litre oil spill was discovered near Maidstone, Sask., but they missed the leak.
U.S. officials have announced plans to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average amid an ongoing price slump.
As earnings season gets into full swing, a casual glance at the fundamentals shows there is little for refiners to be excited about.
Bakken production was up 6,540 barrels per day while all North Dakota production was up 5,383 bpd. This was not posted as a correction to last month’s data, though it looks like that is exactly what it is.
That’s all about to change — and no, we’re not advocating anyone getting behind the wheel of a car after drinking (seriously, don’t do that).
