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Strong support by descendants of John D. Rockefeller, who founded forerunner Standard Oil, failed to persuade ExxonMobil Corp. shareholders Wednesday to vote in favor of creating an independent chairman. Shareholders also defeated measures to require goals to be set to reduce greenhouse gas (GHG) emissions.

Seeking to allay fears that natural gas as a fuel source might fall out of favor anytime soon, AGL Resources CEO John W. Somerhalder II told shareholders Wednesday that current energy market fundamentals are very favorable to natural gas now and for the foreseeable future, given its environmental and efficiency advantages.

The Senate on Thursday overwhelmingly voted in favor of an amendment to extend $5.5 billion in renewable energy production and efficiency tax credits as part of a housing mortgage bill (HR 3221) that cleared the chamber.

The Senate Thursday overwhelmingly voted in favor of an amendment to extend $5.5 billion in renewable energy production and efficiency tax credits as part of a housing mortgage bill (HR 3221) that cleared the chamber.

Sen. Jeff Bingaman (D-NM), chairman of the Senate Energy and Natural Resources Committee, said Wednesday he planned to vote in favor of a measure to extend tax credits for renewable energy and energy efficiency, but he expressed disappointment that it would not have revenue raisers to offset the $5.5 billion cost of the package.

ConocoPhillips is reassessing how to advance its Alaska North Slope gas pipeline project after its rejection by the state in favor of a competing proposal that is compliant with the Alaska Gasline Inducement Act (AGIA), the company said Thursday.

ConocoPhillips is reassessing how to advance its Alaska North Slope gas pipeline project after its rejection by the state in favor of a competing proposal that is compliant with the Alaska Gasline Inducement Act (AGIA), the company said last week.

A federal court in western Louisiana last week ruled in favor of Anadarko Petroleum Corp. in its dispute with the Interior Department over royalties on oil and natural gas production in the deepwater Gulf of Mexico in 2003 and 2004, a decision that was a blow to the federal government but may be a boon to other producers that are challenging the government’s efforts to collect more royalties.

A federal court in western Louisiana earlier this week ruled in favor of Anadarko Petroleum Corp. in its dispute with the Interior Department over royalties on oil and natural gas production in the Gulf of Mexico in 2003 and 2004, a decision that is a blow to the federal government but may be a boon to other producers that are challenging the government’s efforts to collect more royalties.