DOI says leases remain idle; industry groups dispute claim

More than two thirds of federal offshore tracts leased by the oil and gas industry and more than half of the federal onshore acreage companies hold in the Lower 48 remains idle, the US Department of the Interior said in a new report... Read More >

API outlines main issues for GOP, Democrats' 2012 platforms

The American Petroleum Institute announced it will try to make more access to federally controlled energy resources, commonsense regulations, quicker permit decisions, and market-based renewable and alternative energy research and d... Read More >

Chesapeake confident asset sales will help ease financial concerns

Oklahoma City independent Chesapeake Energy Corp. is confident it will complete assets sales to help resolve financial concerns, its chief executive officer told analysts and investors during a conference call in which he also outli... Read More >

Outreach to industry isn't election gimmick, White House aide says

The Obama administration is reaching out to the oil and gas industry more than it did initially to develop regulations, but it is not an election-year gimmick, a leading White House official said.

Diamond Offshore orders drillship, sells jack ups

Diamond Offshore Drilling Inc. ordered a $655 million ultradeepwater drillship from Hyundai Heavy Industries Co. Ltd. with delivery scheduled for fourth-quarter 2014.

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Mixed outlook for MENA

Changing circumstances in the Middle East and North Africa (MENA) are altering percepti...

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Energy delusions aggravate Eu...

Political revolt against fiscal austerity underscores laws governing energy and money t...

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