A balanced energy portfolio suggests the U.S. economy won’t take any major hits from lingering weakness in the oil sector, a White House spokesman said. The U.S. Energy Information Administration said last week it expected domestic production to decline in most of the Lower 48 states and Alaska because of ... Read More »

DES MOINES, Iowa, April 15 — An Iowa utility company said it was on pace to have wind energy account for 40 percent of the electricity share in the state with a major stimulus package. Utility MidAmerican Energy filed a request with state regulators to build the $3.6 billion Wind ... Read More »

ST. PETERSBURG, Russia, April 1  — Austrian energy company OMV said Friday it was building stronger ties with its Russian partners, noting markets were conducive to tight cooperation. OMV and Russian gas company Gazprom signed agreements in St. Petersburg aimed at strengthening the strategic cooperation between both companies. Included in ... Read More »

HONG KONG, April 1 (UPI) — Chinese oil and gas companies are among the government-related entities facing credit pressures over the next two years, Standard & Poor’s said Friday. More than a dozen Chinese companies with close ties to the government, including oil and gas companies like China National Petroleum ... Read More »

WASHINGTON, March 29 — With seismic testing tied to the oil and gas sector continuing in the Atlantic, an advocacy group called on Washington to make good on clean-energy pledges. The U.S. Bureau of Ocean Energy Management announced consent for the first-everwind energy research facility offshore Virginia this week. The ... Read More »