Fuel Fix

Oil falls to lowest level in almost 6 years on global glut

(AP Photo/ Louis Lanzano)
Oil slumped almost 60 percent since June as the Organization of Petroleum Exporting Countries resisted calls to cut output and the U.S. pumped at the fastest pace in more than three decades. More »
(AP Photo/Gerald Herbert, File)

Spill trial: BP makes its case for lower pollution fines

BP’s fourth and final witness, Robert Cox, a practicing physician and toxicologist at the University of Mississippi Medical School, said he found the oil spill and the efforts to clean it up left no significant adverse human health impacts or threats to public health, based on his analysis of exhaustive state and federal data.  More »
Oil facilities pop up from the shallow continental shelf in the Gulf of Mexico. More than five decades after the shallow waters of the Gulf were first explored, it is still being tapped. (Jennifer A. Dlouhy / Houston Chronicle)

Obama administration opens door to Atlantic drilling

The Obama administration is poised to unveil a draft plan for selling offshore oil and gas leases that is expected to rule out auctioning drilling rights in parts of the Atlantic Ocean as well as in some Arctic waters and along the West Coast between 2017 and 2022.  More »
Joe Manchin, Al Franken, Martin Heinrich

Senate Democrats block bid to wind down Keystone XL debate

The procedural vote means that the Republicans are looking at days — if not weeks — of additional debate on the bill and the dozens of amendments that have been proposed to it, including proposals involving climate change, crude exports, Arctic drilling and whether EPA employees can carry firearms.  More »

John Hess, chairman and CEO of Hess Corp. (Photographer: F. Carter Smith/Bloomberg )

Hess cuts capital spending by 16 percent

Hess Corp. will cut its capital spending 16 percent to $4.7 billion, becoming the latest exploration and production company to announce big cuts to its 2015 budget.  More »
women_in_energy

Hurdles remain for women in energy

Women have made strides in the energy industry, but there’s still a lack of women in some engineering and management positions, a panel of female energy sector executives said Monday.  More »
(U.S. Fish and Wildlife Service via The New York Times)

Republicans vow to fight administration on Arctic drilling

Republicans lashed out at what they called a “triple whammy” of Obama administration actions that could limit oil development in and around Alaska, including new protections in the Arctic National Wildlife Refuge and a coming plan for selling offshore drilling rights.  More »
A Sikorsky model 76-D helicopter hovers over a runway during a demonstration of the new Sikorsky model 76-D helicopter designed for transporting offshore oil workers at West Houston Airport Friday, Jan. 23, 2015, in Houston. Sikorsky just opened a Houston office to focus on oil & gas support. 
( James Nielsen / Houston Chronicle )

Video: Sikorsky’s new helicopter takes flight

Sikorsky doesn’t expect the drop in crude oil prices to hurt its business, even though the oil industry is a big customer.  More »
(Energy Transfer)

Energy Transfer Partners to buy sister company in $11.2 billion deal

The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.  More »
(SAMAD/AFP/Getty Images)

Hedge funds bet oil will fall further

U.S. crude supplies rose by 10.1 million barrels to 397.9 million in the week ended Jan. 16 and the country will pump the most oil since 1972 this year.  More »
Caroline Lucas, a Green Party member in the UK Parliament, stands outside the main entrance to the Cuadrilla exploratory drilling site in Balcombe, England, as anti fracking demonstrations continue near the drill site, Sunday Aug. 18, 2013. (AP Photo / Gareth Fuller, PA)

U.K. lawmakers urge fracking moratorium

Hydraulic fracturing in shale for oil and gas should be put on hold in the U.K. because of risks to public health and the environment, a panel of lawmakers said.  More »
(shankool007/Flickr)

Obama to seek wilderness designation for Alaska refuge

President Barack Obama is boosting protection of Alaska’s Arctic National Wildlife Refuge and will ask Congress to designate more than 12 million acres as a wilderness area, including its potentially oil-rich Coastal Plain.  More »
In this Dec. 20, 2007 file photo, workers leave their shift as Cubans prepare to inaugurate the Camilo Cienfuegos refinery ahead the IV Petrocaribe Summit in Cienfuegos, Cuba. Fears that falling oil prices could knock the wheels off the already wobbly economy of oil-dependent Venezuela have sparked apparent interest in alternatives to Petrocaribe, a trade program created by the late President Hugo Chavez that has kept the region dependent on the South American country for energy. All the countries of the region, except Cuba, are expected to participate in closed talks that will involve U.S. Vice President Joe Biden and other U.S. officials as well as representatives of the European Union, the U.N., and multi-lateral financing agencies such as the World Bank and Inter-American Development Bank. (AP Photo/Dado Galdieri, File)

US works to ease Caribbean dependence on Venezuelan oil

A decade-long addiction to oil subsidized by Venezuela may be coming to an end for several Caribbean nations, with a nudge from the United States  More »
Steven Farris, chairman and chief executive officer of Apache Corp. (F. Carter Smith/Bloomberg)

Apache taps new CFO as exiting CEO gets hefty retirement package

Apache abruptly announced longtime CEO G. Steven Farris’ retirement this week.  More »
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