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Energy - Page 15

Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Gains, U.S. Reports Big Drops In Supplies

The price of oil is higher after the government reported a bigger than expected drop in crude inventories.

Benchmark crude rose 50 cents to $94.17 per barrel Wednesday in New York. Brent crude gained $1

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BLM Oil, Gas Lease Auction Generates Nearly $6.5M

CHEYENNE, Wyo. (AP) — A quarterly federal auction of oil and gas leases in Wyoming has generated nearly $6.5 million.

Almost half the total raised at the Bureau of Land Management auction Tuesday will go to the state of Wyoming

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Michael Smith/Getty Images
Michael Smith/Getty Images
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Judge Rejects Coal Lawsuit

CHEYENNE, Wyo. (AP) — A federal judge has dismissed a lawsuit from environmental groups that sought to block federal coal leases in Wyoming's Powder River Basin on the grounds that burning the coal would contribute to global warming

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Wyo. Launches Gas, Coal Conversion Studies

CHEYENNE, Wyo. (AP) — Wyoming is conducting two feasibility studies on natural gas and coal conversion technologies.

The Advanced Conversion Technologies Task Force recently selected the two proposals from among 14 applications, giving them a Sept

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Wyo. To Open Books On 100s Of Oil-Gas Wells

CHEYENNE, Wyo. (AP) — Petroleum companies and investors are about to get a better idea who has struck black gold and who might be in the red as a result of drilling into the Niobrara (NYE'-oh-BRER'-uh) Shale beneath eastern Wyoming

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Price Climbs Above $90 On Stronger U.S. Demand

NEW YORK (AP) — The price of oil climbed above $90 per barrel for the first time since May after the government said U.S. oil demand is on the rise.

The Energy Information Administration reported Wednesday that average oil demand increased last week in the U

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Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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Oil Price Falling After Bernanke Comments

NEW YORK (AP) — The price of oil is falling after Fed Chairman Ben Bernanke gave no clues about whether the central bank would take further steps to boost the economy.

Investors had hoped that Bernanke would discuss a new plan Tuesday before congressional panel

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Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Oil Price Climbs As Norwegian Strike Looms

NEW YORK (AP) — The price of oil is climbing as Norway's North Sea crude production prepares to shut down.

Norway's oil industry, which produces more than 3.8 million barrels of oil and natural gas per day, says platforms will switch off by 8 p

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Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Oil Drops On More Signs Of Economic Trouble

NEW YORK (AP) — The price of oil is falling on more signs of trouble for the economy.

U.S. employers added just 80,000 jobs in June — a disappointing number that shows the economy is still struggling three years after the recession ended

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Michael Smith/Getty Images
Michael Smith/Getty Images
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Cloud Peak Energy buys coal mine near Sheridan

SHERIDAN, Wyo. (AP) — Cloud Peak Energy has purchased an undeveloped coal mine along the Wyoming-Montana border that has the potential to bring hundreds of jobs to the Sheridan area.

According to the Associated Press, Wyoming-based Cloud Peak paid $300 million for the Youngs Creek Mining Company, a joint venture between Chevron USA Inc

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