The Federal Energy Regulatory Commission is seeking $315.6 million for its fiscal year 2011 budget, an increase of $17.6 million from its estimated budget for the current fiscal year.
A Massey Energy Co. unit has won a temporary restraining order in its effort to keep tree-climbing environmental protesters away from a West Virginia coal mine, scoring a victory ahead of the company's planned request for a preliminary injunction against the protesters.
Oil refining giant Sunoco Inc. will sell off its chemicals unit to Brazil's Braskem SA for about $350 million in cash, the companies said on Monday.
A Texas judge has ruled that San Antonio's electric utility has the right to walk away from a proposed development with energy company NRG Inc. to build two new nuclear reactors, potentially putting the project at risk.
The U.K.'s Office of Gas and Electricity Markets said Tuesday it will suspend its energy network merger policy in order to consider how potential mergers should be treated in the future, saying the review is crucial given a reduction in the number of independent groupings in the power distribution sector.
Chevron Corp. has agreed to pay $2.85 million to settle claims arising from the release of mercury, lead and other hazardous substances into a cove adjacent to its Richmond, Calif., petroleum refinery.
President Barack Obama has set aside $28.4 billion out of his $3.8 trillion 2011 budget for the U.S. Department of Energy, proposing to eliminate $2.7 billion in existing yearly tax subsidies for oil, coal and gas companies while providing over $6 billion in direct funding for clean energy research.
Shell Chemical LP and its subsidiary Motiva Enterprises LLC have lost their bid to either toss or transfer a suit accusing them of improperly terminating a three-year agreement to purchase PPG Industries Inc.'s diaphragm-grade liquid caustic soda for use at Texas refining facilities.
Shell International Petroleum Co. Ltd. has unveiled plans to form a $12 billion joint venture with Brazilian sugar and biofuel giant Cosan SA Industria e Comercio, a move the oil conglomerate says will result in the formation of one of the world's largest ethanol producers.
The U.S. government has agreed to refund certain tariffs assessed on General Electric Wind Energy LLC's wind turbine blades at the Port of Houston, resolving a lawsuit GE filed against U.S. Customs and Border Protection last year.
The Arkansas River Power Authority has settled a former member municipality's breach of contract suit over the ballooning costs of completing a $110 million project at a power plant in Colorado.
Western Gas Partners LP announced Monday its purchase of a natural gas pipeline and other midstream assets in southwest Wyoming from affiliate Anadarko Petroleum Corp. for about $254.4 million.
A federal appeals court has upheld a 1 percent equity return incentive imposed by the Federal Energy Regulatory Commission on certain energy projects in New England, rejecting claims from public utilities that say the move will cost consumers money without necessarily improving efficiency.
White & Case LLP is reportedly facing an exodus of corporate, banking and energy partners, as a dozen attorneys — including six in London — have said they will leave the firm and head to Latham & Watkins LLP.
Key Energy Services Inc. has settled its directors and officers coverage dispute with Twin City Fire Insurance Co., which it claimed should shell out nearly $1 million of the $21.9 million Key paid to settle two shareholder lawsuits.
A federal judge has granted summary judgment for several insurance companies in a $3 million Oil Pollution Act policy coverage suit brought by Jefferson Block 24 Oil & Gas LLC following an oil spill in the Gulf of Mexico.
Despite an inconclusive Copenhagen climate summit, along with a cap-and-trade bill that has stalled in the U.S. Senate, the global carbon market will be worth about 33 percent more in 2010 than it was a year earlier, according to a recent report.
On the heels of the recent climate talks in Copenhagen, President Barack Obama has pledged to cut greenhouse gas emissions by 17 percent from 2005 levels by the end of the decade, while the European Commission has pledged to cut its emissions by 20 percent from 1990 levels.
Massachusetts announced new energy efficiency standards Friday that officials said were the most ambitious in the nation and would require utilities to spend about $2.2 billion.
Two former executives of a Willbros Group Inc. subsidiary have been sentenced to serve more than a year in prison for their roles in a $6 million scheme to bribe Nigerian officials.