Shell Seeks 5 More Years for Arctic Oil Drilling Drive

Royal Dutch Shell Plc (RDSA) is asking the Obama administration for five more years to explore for oil off Alaska’s coast, saying set backs and legal delays may push the start of drilling past the 2017 expiration of some leases.

U.S. Gas Rises to $3.5572 Per Gallon in Lundberg Survey

The average price for regular gasoline at U.S. pumps rose 4.74 cents in the past two weeks to $3.5572 a gallon, the highest since Sept. 20, according to Lundberg Survey Inc.

Energy security top issue in Keystone XL approval: Suncor chief

Energy security will be key to U.S. government's decision on approval of the Keystone XL pipeline, Suncor Energy CEO Rick George told a New York audience Thursday.

"I think energy security will trump in regards to the Keystone XL pipeline," George said at a luncheon sponsored by the Consulate General of Canada and the Alberta government.

Massey Security Worker Charged

The chief of security at the Massey Energy Co. mine where an explosion killed 29 miners last April was charged Monday with lying to investigators and ordering the destruction of thousands of security-related documents.

The criminal indictment by a federal grand jury probing the blast is the first issued in connection with the worst U.S. coal-mining disaster in 40 years.