CALGARY, Alberta (Reuters) - Steam-driven projects to extract crude from Canada's oil sands, often held up as more environmentally friendly than mining, have major drawbacks of their own that require more stringent regulation to fix, an environmental think tank said on Wednesday. ...
Marathon Oil CEO's 2009 total compensation falls 21 percent to $6.6M As Associated Press calculation shows that Marathon Oil Corp. paid its president and chief executive officer $6.6 million in 2009, 21 percent less than in 2008. An analysis of a March ...
Energy companies put out $949.3 million in high bids for offshore leases With oil prices up $30 a barrel from last year, energy companies issued $949.3 million in winning bids Wednesday for federal offshore petroleum leases off the coasts of Louisiana, Mississippi ...
Oil prices climbed sharply Wednesday after OPEC, the cartel that produces 40 percent of world crude, held current output quotas unchanged despite a recent runup in prices. New York's main contract, light sweet crude for April delivery rose 1.23 dollars to close ...
Massey Energy says buyout of Cumberland will lead to doubling of metallurgical coal Mine operator Massey Energy Co. said Wednesday that its $960 million acquisition of rival Cumberland Resources this week will help double sales of expensive coal used in steel mills ...
The essential role of private enterprise After a great deal of hype and hope, the Copenhagen climate summit produced no more than a vague promise to continue to work together. The only real point of consensus was to agree to meet again ...
World oil prices rose slightly on Wednesday as OPEC members agreed as expected to hold the cartel's output, while the weekly US energy inventory report was broadly in line with forecasts. New York's main contract, light sweet crude for April delivery rose ...
OPEC oil ministers decide to keep production targets steady OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels and send a message of stability to energy-hungry economies struggling to emerge ...
Mohamed bin Dhaen Al Hamli, Minister of Energy from the United Arab Emirates talks to journalists as he arrives at a hotel for a meeting of the Organization of the Petroleum Exporting countries, OPEC, in Vienna, Austria, on Tuesday, March 16, 2010. ...
FILE - In this Nov. 13, 2009 file photo, an oil pump works in the Persian Gulf desert field of Sakhir, Bahrain. Oil prices rose above $82 a barrel Wednesday, March 17, 2010, after a report showed U.S. crude inventories grew less ...
