States and companies compete for billions to make hydrogen

  By Jennifer Mcdermott And John Flesher As fossil fuel emissions continue warming Earth’s atmosphere, the Biden administration is turning to hydrogen as an energy source for vehicles, manufacturing and generating electricity. It’s offering $8 billion to...

Oil prices soar on producer output cuts; World shares higher

by Elaine Kurtenbach in Bangkok BANGKOK (AP) — Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year. Shares in Asia were mixed. U.S....

Judge orders US to resume oil, gas leasing in North Dakota

By Trisha Ahmed A federal judge has ordered the U.S. government to resume oil and gas lease sales on federal lands in North Dakota, even as a legal battle continues over the Biden administration’s decision to pause the leasing program two years ago in an effort...

Saudi Aramco to invest billions in Chinese petrochemicals

Saudis to supply one Chinese refiner with more oil per day than Saskatchewan produces RIYADH, Saudi Arabia (AP) — Saudi Arabia’s state-owned oil giant Aramco will invest billions of dollars in China’s downstream petrochemicals industry, including the...

ConocoPhillips details gas leak cause, remedies at hearing

ANCHORAGE, Alaska (AP) — ConocoPhillips, which last week received U.S. government approval for the massive Willow oil drilling project in Alaska, detailed reasons for a natural gas leak at another North Slope field that prompted the evacuation of 300 employees last...