Posts by Author

Associated Press

(Photo: BFS Man)

Army lab to develop energy-saving technology

on
A new Army laboratory will develop technology such as fuel cells and hybrid systems for combat vehicles as the Pentagon steps up its push for cleaner and more reliable energy, federal officials said Wednesday.
Categories: General
(Photo: Julien Tromeur, Flickr)

Oil below $102 amid US crude supply increase

on
Oil prices lingered below $102 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a third week, suggesting demand remains weak.
Categories: Crude oil
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron says first-quarter profit will beat fourth-quarter

on
The oil company said Tuesday that it also benefited from higher refining profit margins, lower operating costs, and gains from selling assets.
Categories: Crude oil
Prices for regular and diesel are posted in front of a service station in Mercer Island, Wash., near Seattle. A four-day rise in oil prices stalled Wednesday following a weak report on Chinese manufacturing and lingering concerns about Greece's bailout. The price of West Texas Intermediate, the benchmark for oils produced in the U.S., fell 46 cents to $105.79 a barrel in afternoon trading on the New York Mercantile Exchange. (AP Photo/Elaine Thompson)

Oil futures settle at a two-month low

on
Benchmark U.S. crude dropped by $1.44 to $101.02 per barrel.
Categories: Crude oil
Gas nozzle at a Valero pumping station (AP Photo/Rich Pedroncelli, file)

Drivers to pay 6 pct more for gas this summer

on
U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government says.
Categories: General
(Photo: BFS Man)

ERCOT doesn’t foresee rolling summer power outages

on
The state’s electric grid operator is predicting that Texas will make it through the summer without rolling outages after the system was pushed to the brink last year.
Categories: Electricity
Marathon gas station sign (AP Photo/Gene J. Puskar)

Marathon selling Alaska assets

on
Marathon Oil Corp. plans to sell most of its Alaska assets to Hilcorp Alaska LLC as part of a corporate strategy to focus on oil shale production.
Categories: Deals
(Jennifer A. Dlouhy/The Houston Chronicle)

Coal exports surge to highest level since 1991

on
Government data show U.S. coal exports reached their highest level in two decades last year as strong overseas demand offered an outlet for a fuel that’s falling from favor at home.
Categories: Coal
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Sierra Club sues in effort for Ohio drilling info

on
An environmental organization is asking an Ohio judge to force the state Department of Natural Resources to disclose plans for oil and gas drilling at state parks and other public properties.
Categories: Oil field services
(Image: Fotolia)

Oil prices fall on economic concerns

on
West Texas Intermediate, the U.S. benchmark crude, gave up 85 cents to end at $102.46 per barrel.
Categories: Crude oil, Natural gas