Fuel Fix

Marshals won’t seize tanker’s oil unless it’s brought closer to shore

This aerial photo shows the tanker United Kalavryta underway in the Gulf of Mexico on Friday, before it anchored off Galveston, where it awaits its fate. 
(Courtesy: U.S. Coast Guard)
U.S. marshals won’t seize oil at the center of an ownership dispute unless smaller vessels transfer the oil from a tanker in the Gulf of Mexico and carry it closer to U.S. shores. More »
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Tesoro reports slight drop in earnings

The company’s net income fell to $224 million, or $1.70 a share, compared with $227 million, or $1.64 a share, for the second quarter of 2013.  More »
Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Oil companies forfeit Arctic drilling rights

Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry’s appetite for tapping those Arctic waters may be waning even as the Obama administration makes plans to auction off more of the area.  More »
(Image: Fotolia)

Feds: BP can’t dismiss lawsuits by blaming drilling moratorium

The Justice Department has joined a fight against BP’s efforts at dismissing lawsuits by deep-water drillers and oil-field service firms alleging damages from the 2010 Gulf of Mexico oil spill.  More »
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New York Gov. Andrew Cuomo. (AP Photo/Richard Drew)

Winemakers want NY to deny gas storage permit

Opponents of Houston-based Crestwood Midstream’s project said at a news conference in Albany that it would endanger drinking water, the local economy and the region’s wine and tourism industry.  More »
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ConocoPhillips closes $1.5 billion sale of upstream Nigerian assets

ConocoPhillips has completed the $1.5 billion sale of its Nigerian upstream business to Lagos, Nigeria-based Oando Energy Resources, the company said Wednesday.  More »
This March 9, 2010 file photo shows a tanker truck passing the Chevron oil refinery in Richmond, Calif.  (AP Photo/Paul Sakuma, File)

Chevron gets approval for $1 Billion Calif. refinery project

Chevron must meet several conditions imposed by the Richmond planning commission while installing a new hydrogen plant at its complex, including limits on sulfur processing and emissions.  More »
TOTAL S. A. CEO Christophe de Margerie speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Total pledges cost cuts after record-low output hurts profit

Total is counting on new projects to increase its oil production to 2.6 million barrels a day in 2015 and to about 3 million barrels two years later.  More »
The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford Shale. (San Antonio Express News/John Davenport)

Valero earnings up on increased volumes

The crude oil that Valero made into fuels averaged 2.7 million barrels a day, an increase of 115,000 barrels a day compared with the second quarter of 2013.  More »
(Sam Hodgson/Bloomberg)

Direct Energy buys residential solar company

Houston-based retail electric provider Direct Energy will buy a residential solar installer for $54 million, the company announced, marking its entrance into the U.S. residential solar market.  More »
A dusk view of a support vessel next to the illuminated Na Kika oil and natural gas production platform in the Gulf of Mexico. (BP)

Feds extend deadline for offshore drilling comments

Oil companies, environmentalists and other stakeholders will have more time to weigh in on what coastal waters should be available for drilling beginning in 2017.  More »
(Photo: Flickr, Caston_Corporate)

Private equity, foreign buyers return to U.S. oil and gas deals

U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.  More »
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