Last week, the Mexican government announced that it will open its oil resources to domestic and foreign private investors. Now, various U.S. petroleum companies are eyeing a piece of the pie.
Production leaves increased supply and leads to lower prices Consumers have noticed cheaper gas prices lately and the average price for a gallon of gas in the U.
Oil and mineral deals include a $4 billion credit line in exchange for Venezuelan oil In a recent stop on his news-making Latin American tour, Chinese President Xi Jinping signed a number of oil and mineral deals with Venezuela, according to a BBC report.
In an attempt to stop Norwegian oil company Statoil from drilling for oil and gas in Arctic waters, 15 activists have boarded one of the company's offshore drilling rigs today.
Low-interest financing will help increase output in Venezuela Chevron has agreed to a $2 billion financing agreement with Petroleos de Venezuela SA (PDVSA) to help the state-owned oil producer boost its output of oil at their Petroboscan oil joint venture.
The Ecuadorian government on Thursday issued an environmental permit with the signed approval of its Environment Ministry for oil drilling in the Amazon's Yasuni National Park.
As more and more states are beginning to utilize solar energy and adapting other clean, green energy solutions, conservative lobbyist groups and oil tycoons have aggressively started pushing back against alternative energy.
President Barack Obama and his administration have decided to postpone the decision on the construction of the controversial Keystone XL pipeline until after the congressional midterm elections in November.
England is expected to face some tough consequences if Scotland's Sept. 18 referendum results in a split from the UK, a union that has lasted for about three centuries.
After a meeting of world's top climate scientists in Berlin, they announced Sunday that greenhouse gas emissions soared to "unprecedented levels" between 2000 and 2010.
The federal government has declared that any state can pass a law to allow the use of marijuana for recreational purposes as long as they have a regulated system in place.
After a collision in Galveston Bay, an unknown amount of oil has leaked into the Gulf. Saturday saw more oil leaking into the Gulf of Mexico. This time, however, it was not from an oil platform, but rather from a barge.
In a Sunday night operation, U.S. Navy SEALs seized control of a Libyan National Oil Company's oil stored in a North Korean flagged tanker that was commandeered by three armed Libyan rebels.
During the last few years, environmentalists, activists and some landowners have protested the Keystone XL pipeline extension from Alberta, Canada's oil sands to Port Arthur, Texas because of fear that it could it cause environmental degradation to the farmlands in the Midwest.
