Energy

Chevron Corp slashing 10% of its workforce

Chevron Corp has announced that it is cutting off 10% of its workforce, which will save its budget. On Friday, Chief Executive Officer John Watson gave a downbeat view of an industry facing a lot of problems due to low oil prices.

An over 55% drop in crude oil CLc1 since past year has... read more

Shell says it would stop exploration off the coast of Alaska ‘for foreseeable future’

On Monday, Royal Dutch Shell announced that it is going stop exploration off the coast of Alaska ‘for the foreseeable future’. The decision has been taken after the Burger J well drilled by the company this summer showed disappointing results.

According to the company, the well ‘... read more

Leonardo DiCaprio to Stop Fossil Fuel Investments

The ‘Wolf of Wall Street’ star Leonardo DiCaprio is all set to join a campaign against global warming, while shedding his personal investments in fossil fuels, an activist group announced on Tuesday.

DiCaprio is learnt to have joined Divest-Invest Coalition. In the crusade against global... read more

Hillary Clinton calls for $250 monthly cap on prescription drug costs

On Tuesday, US Democratic presidential candidate Hillary Clinton proposed a $250 monthly cap on out-of-pocket prescription drug costs and other measures for stopping what she called ‘price gouging’ by pharmaceutical companies.

In Iowa, at a campaign stop, Clinton rolled out an idea to... read more

Green Energy Conference: Obama targets Critics of His Energy Policies

President Barack Obama, on Monday night at a green energy conference in Las Vegas, blamed the critics of his energy policies for attempting to limit the consumers from accessing solar power, wind power and other alternative energy sources.

During the speech at a green energy conference... read more

Nonprofits want oil refiners to fully disclose their California profits

Nonprofit groups Consumer Watchdog and NextGen Climate have called for a change in California law to force oil refiners to disclose their profits and protect consumers from excessive prices at the pump.

According to figures released by the American Automobile Association (AAA), the... read more

NRC closes case questioning Edison’s California reactor repairs

The U.S. Nuclear Regulatory Commission (NRC) recently closed a case that questioned whether installation of faulty equipment at the now-defunct San Onofre nuclear power facility by Southern California Edison breached government rules.

The federal regulator decided to close the case after... read more

California gas prices continue to be higher than the national average

Gasoline prices are on the decline across the United States, with the big exception of California. According to fresh data released by AAA, the average price of regular gasoline in California is still hovering at around $3.87 per gallon, well above the national average of $2.75 per gallon.

California gas prices far higher than national average

California gas prices continue to be the highest in the entire nation. As per AAA Northern California, average gas price in the state was $3.86 and $3.80 per gallon on Wednesday and Tuesday, respectively.

Average price of the fuel in the Los Angeles and Long Beach counties was $4.20 a... read more

Abengoa-Starwood JV selected for Arizona-California power line project

California's grid operator has selected subsidiaries of Abengoa and Starwood Energy Group Global to build a 115-mile electric power line between Arizona and the Golden State.

The California Independent System Operator selected the power line builders through a solicitation process. The... read more

Southern California gasoline prices may jump by 30 cents per gallon

Motorists in Southern California are facing a significant hike in gasoline prices as the West Coast's gasoline inventory slipped by more than a million barrels last week and fuel imports fell to zero for the first time since March, the Energy Information Administration warned in its latest... read more

BP Seeks Closure to Litigations Surrounding 2010 US Oil Spill, Brings in $18.7 billion

The 2010 Gulf of Mexico oil spill has finally got closure. BP Plc has reached a settlement of $18.7 billion settlement with the US government and five states. This settlement puts an end to a long-drawn trail of litigations over environmental damage and human casualties.

The news was well... read more