In a move intended to remake the province as a destination for oil and natural gas drillers unhappy with 2008 royalty rate increases, the Alberta government announced policy changes Thursday that will lower the government’s revenue take from natural gas...

In its first foray into Brazil’s deepwater resources, BP plc Thursday announced it would pay $7 billion to acquire Devon Energy Corp.’s exploration blocks in Brazil’s prolific Campos Basin and other assets in the deepwater Gulf of Mexico and...

The Senate was poised to approve late Tuesday a one-year extension of a biodiesel tax incentive that the industry says is crucial to maintaining its viability as it faces stiff competition from low-cost petroleum diesel. A proposed extension of the $1 per...

Amid GOP and industry charges of a secret Obama administration “land grab” to prevent drilling on many western lands through national monument designations, a senior Senate Republican from the West said Wednesday that he agreed that federal...

Randall Luthi, former director of the Interior Department’s Minerals Management Service under the George W. Bush administration, Monday was named president of the U.S. trade association representing both offshore oil and gas drillers and renewable...