Oil prices could consolidate around current levels this week, supported by expectations that the Federal Reserve won't slow its bond-buying program, according to CNBC's weekly sentiment survey, though some are not excluding an upside surprise and a return to triple-digit U.S. crude. ...

Russian energy company Gazprom announced it dispatched two drilling rigs to start an exploration campaign off the eastern Russian coast. ...

Centrica plc, parent company of British Gas, has announced that it has acquired a 25 per cent interest in the Bowland exploration licence in Lancashire. ...

The grand bargain of the landmark tax legislation of 1986 was a deal for higher corporate taxes and higher capital gains taxes in exchange for lower rates on ordinary income. For the bargain to work, the boundaries of the corporate tax base had to be reinforced. ...

It’s something we hear from policymakers again and again: The world squanders too much energy. And wringing out that waste should be one of the easiest ways for the United States and other countries to save money and curb pollution. ...

Buried in a little-noticed rule on microwave ovens is a change in the U.S. government’s accounting for carbon emissions that could have wide-ranging implications for everything from power plants to the Keystone XL pipeline. The increase of the so-called social cost of carbon, to $38 a metric ton in 2015 from $23.80, adjusts the calculation the government uses to weigh costs and benefits of proposed regulati ...

Statoil ASA and Tullow Oil Plc are finishing a well aimed at achieving the first commercial oil discovery in Mozambique, the East African country where explorers have made the century’s largest natural gas finds. ...

ExxonMobil Chief Executive Rex Tillerson criticized delays in approving more natural gas export projects, saying U.S. companies are losing millions of dollars a day and the nation is losing ground to other countries. ...

When petroleum companies abandon an oil well, more than half the reservoir’s oil is usually left behind as too difficult to recover. Now, however, much of the residual oil can be recovered with the help of nanoparticles and a simple law of physics. ...

Russia's state-owned oil company Rosneft has been awarded a 20-per cent stake in one of Norway's most promising oil fields in the Barents Sea in the Arctic, marking a firm entry for the Russian petroleum giant into Norwegian continental shelf. ...