Idemitsu Kosan, Showa Shell mull tie-up prior to merger

Dec 7, 2016

Idemitsu Kosan, Showa Shell mull tie-up prior to merger

Oil distributors Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. are in talks for a capital and business tie-up ahead of their planned merger, sources close to the matter said Wednesday. They are considering taking an estimated 20 percent stake in each other and ...

Dec 1, 2016

After new regulations, Oklahoma's shakes calm down a bit

The rate of earthquakes in Oklahoma has dropped dramatically since late May, when the state limited wastewater injections into energy wells, an Associated Press statistical analysis shows. And a new scientific study says the state is on its way back to calmer times that ...

Trump rollback of Obama climate agenda may prove challenging

Nov 30, 2016

Trump rollback of Obama climate agenda may prove challenging

Donald Trump plans to dismantle President Barack Obama’s efforts to reduce planet-warming carbon emissions. But delivering on his campaign pledges to abolish the Environmental Protection Agency and bring back tens of thousands of long-gone coal mining jobs could prove far more difficult. Internal documents ...

Nov 24, 2016

Trump may revive keystone by rescinding LBJ order: aides

Advisers to Donald Trump are exploring ways he can greenlight the Keystone XL oil pipeline on the day he is sworn into office, including by rescinding a 48-year-old presidential order. Two people familiar with Trump’s transition planning say the issue is actively being discussed, ...

Drill, baby, drill? Election reignites offshore-oil debate

Nov 24, 2016

Drill, baby, drill? Election reignites offshore-oil debate

The controversy over drilling for oil in the Atlantic Ocean has been reignited by the election of Donald Trump, and environmentalists and coastal businesses say it could be the first major fault line that divides them from the new president. The Obama administration has ...

U.S. cancels energy leases in Montana area sacred to Blackfoot tribes

Nov 17, 2016

U.S. cancels energy leases in Montana area sacred to Blackfoot tribes

U.S. officials cancelled 15 oil and gas leases on Wednesday in an area bordering Glacier National Park that is considered sacred to the Blackfoot tribes of the U.S. and Canada. The cancellation was aimed at preserving the Badger-Two Medicine area, a largely undeveloped, 130,000-acre ...

Malaysia signs 'landmark' deal to buy China warships

Nov 2, 2016

Malaysia signs 'landmark' deal to buy China warships

Malaysia will buy four combat vessels from China in a “landmark” defense deal, Prime Minister Najib Razak said, signaling a potential strategic shift away from the United States. The agreement marked the first time Kuala Lumpur had purchased warships from Beijing and came only ...