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Energy News

Providing the top 5 stories from some of the top Energy news sources.

Yahoo! News : Energy

Oil hovers above $82 as month-long rally stalls (AP)

March 12, 2010 at 04:27 AM
AP - Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak U.S. crude demand.

Asia stocks head for 5th week of gains (Reuters)

March 12, 2010 at 03:30 AM
Reuters - Asian stocks edged up on Friday, heading for a fifth straight week of rises, with energy stocks firm as oil held above $82 a barrel and financials ticking higher after U.S. talks to force broad banking reform collapsed.

BP to pay $7 billion for Devon exploration rights (AP)

March 11, 2010 at 11:28 PM
AP - BP is expanding its dominant oil and gas operations in the Gulf of Mexico and dropping anchor off Brazil with a $7 billion deal to buy exploration rights from Devon Energy.

Pioneer Drilling closes $250M notes sale (AP)

March 11, 2010 at 11:17 PM
AP - Oil and gas driller Pioneer Drilling Co. said Thursday that it closed a $250 million sale of senior unsecured notes.

Siemens moves power unit to NC, adds 825 jobs (AP)

March 11, 2010 at 10:32 PM
AP - German industrial conglomerate Siemens AG is consolidating production of gas turbines for electric utilities in North Carolina to position itself for an expected boom in electricity demand in the Southeast and around the world.

Forbes: Energy

Home Depot Shrinks Its Energy Bill

March 10, 2010 at 05:00 PM
The home improvement retailer makes headway on its plan to cut energy use by 20%.

Oil King Warns Of 'Green Bubble'

March 9, 2010 at 09:29 AM
Touting $90 billion expansion plan, Saudi Aramco chief says no matter how fast alternatives are ramped up, world will depend on oil for decades to come.