Energy News Headlines

BAGHDAD (AP) — U.S. oil giant Chevron says it has signed a deal with Iraq's Kurdish regional government to expand its oil exploration territory in the northern self-rule region.

Big oil company shares showed mixed results Monday after a group of Jefferies analysts shifted their ratings on some related stocks. Analysts Iain Reid, Brendan Warn, Laura Loppacher, Matthew Lambourne ...

Gasoline prices are continuing to hold steady in Rhode Island. The latest survey by AAA Southern New England, released on Monday, found that the average cost of a gallon of regular in the state is $3.59. ...

The price of a gallon of gas in Massachusetts has crept up by a penny in the past week yet remains well below the national average. AAA Southern New England reports Monday that self-serve, regular climbed ...

AAA Michigan says gasoline prices have fallen about 27 cents during the past week to a statewide average of about $3.95 per gallon. The auto club says Monday the average is about 17 cents per gallon more ...

Gas prices in Maine are essentially holding steady even as the national average falls slightly. Price-monitoring website MaineGasPrices.com reports Monday that the average retail cost of a gallon of gas ...

Relax, Ohio motorists. Gas prices are moving back down. After hovering around $4 a gallon for a couple weeks because of refinery problems in the Great Lakes region, prices at the pump have fallen. The ...

MUNICH (Reuters) - German industrial conglomerate Siemens is shutting down the last of its solar energy businesses after it failed to find a buyer, the company said on Monday. Confirming a report in German newspaper Handelsblatt, a spokesman for Siemens said the group would close Solel by early next year. The Israeli business …

The cost of solar energy is plummeting. But it's still way more expensive than coal and natural gas

Environmental groups have a tough time getting Congress to do what they want. Case in point: In the early months of 2010, the Sierra Club, the Natural Resources Defense Council, and the Environmental Defense Fund waged an all-out campaign urging the Senate to pass a sweeping climate-change bill backed by President Obama …

By Ayesha Rascoe and Valerie Volcovici WASHINGTON (Reuters) - Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil Corp said on Thursday. The comments by Exxon's Rex Tillerson …

Environmental groups have a tough time getting Congress to do what they want. Case in point: In the early months of 2010, the Sierra Club, the Natural Resources Defense Council, and the Environmental Defense Fund waged an all-out campaign urging the Senate to pass a sweeping climate-change bill backed by President Obama …

WASHINGTON (Reuters) - The Justice Department filed a joint lawsuit with Arkansas on Thursday against oil producer Exxon Mobil Corp over the pipeline spill in March of thousands of barrels of heavy Canadian crude oil in a suburban neighborhood. The 95,000 barrels per day Pegasus line has been shut since spilling the oil …

(Reuters) - Marathon Oil Corp has tapped an Exxon Mobil Corp executive to become its next CEO when Clarence Cazalot retires at the end of the year. Lee Tillman, Exxon Mobil's vice president of engineering, will take the top post at the energy exploration company in January 2014, Marathon Oil said on Thursday. Tillman's …

(Reuters) - Marathon Oil Corp said on Thursday that Chairman and Chief Executive Clarence Cazalot will retire December 31 and be replaced by a senior Exxon Mobil Corp executive. Lee Tillman, 51, currently vice president of engineering for Exxon Mobil's development unit, will become Marathon Oil's CEO in 2014, the company …

By David Sheppard NEW YORK (Reuters) - Exxon Mobil Corp was granted time by regulators to carry out a second round of testing on the ruptured Pegasus oil pipeline, after the firm said an initial investigation into the reason the nearly 70-year-old line failed was not conclusive. The 95,000-barrel-per-day (bpd) line has …

West Virginia motorists will pay about 4 cents less for a gallon of gasoline this week. AAA East Central says the price for a gallon of regular unleaded gas averages $3.60 in the state. That's about a ...

By Joe Brock WARRI, Nigeria (Reuters) - After two days trapped in freezing cold water and breathing from an air bubble in an upturned tugboat under the ocean, Harrison Okene was sure he was going to die. Then a torch light pierced the darkness. Ship's cook Okene, 29, was on board the Jascon-4 tugboat when it capsized on …

By Vera Eckert and Madeline Chambers BERLIN (Reuters) - German Chancellor Angela Merkel promised on Wednesday to scale back Germany's generous system of subsidies to the renewables sector if she is re-elected in September, a move that would reduce the costs of her green revolution on consumers. Merkel's policy to wean Europe's …

The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S. Analysts said one major Illinois refinery is back online and another ...

Chevron Corp. said Tuesday it wants to auction off the rights it has to two offshore oil fields near Nigeria's coast, the latest foreign oil company moving to divest from the country as regulatory uncertainty ...

By Joe Brock ABUJA (Reuters) - U.S. energy firm Chevron is selling its stake in two Nigerian shallow water oil blocks, the company said on Tuesday, the latest oil major seeking to dispose of assets in Africa's biggest oil producer. The two blocks OML 83 and OML 85 hold an estimated 200 million barrels of oil and an unknown …

TEHRAN, Iran (AP) — Iran's Foreign Ministry spokesman is denying reports that the country's Russian-built Bushehr nuclear power plant has suffered a malfunction.