Venezuela's state-run oil company announced Wednesday that an arbitration dispute with Exxon Mobil Corp. has been settled because the U.S. oil giant has received a payment topping $250 million.

A federal judge on Wednesday refused Exxon Mobil Corp.'s request that he declare government efforts to seek additional cleanup funds related to the Exxon Valdez oil spill a violation of a consent decree.

Energy companies Northeast Utilities and NStar have agreed to buy more than a quarter of the power produced by the long-planned Cape Wind offshore wind farm as a condition of a proposed merger, state officials announced Wednesday.

GAS GUZZLES: The price of oil climbed to its highest level in five weeks after Iran said it would cut off some exports of crude to Europe. The average retail price for a gallon of gas is $3.52, according to AAA. This time a year ago, gas was $3.12.

Pennsylvania lawmakers rallied support on Capitol Hill on Wednesday for three imperiled Philadelphia-area oil refineries.

The owners of One Stop Green, a Texas based international organization and online retailer for green, energy efficient products and services announced a the purchase of Bovay Engineers, Inc. an engineering firm that has been providing its services since 1946.Houston, Texas (PRWEB) February 15, 2012 The owners of One Stop Green, a Texas based international organization and online retailer for green, energy efficient products and services announced a change in ownership of Bovay Engineers, Inc. an engineering firm that has been providing its services since 1946. ...