California sets aggressive renewable power standards

Under new mandates, California utilities and other power providers would have until the end of 2020 to draw 33 percent of their power from solar panels, windmills, landfill gases, small hydroelectric plants and other renewable sources.  More »

Koch plans expanded crude pipeline in Texas

The expanded 20-inch line will mean increased capability to transport about 250,000 barrels per day from Pettus to Corpus Christi, the Kansas-based energy company said.  More »

Transocean says its drillship sets depth record

The depth of 10,194 feet was achieved by the Dhirubhai Deepwater KG2 while working for Reliance Industries near India, Transocean said Monday.  More »

Japan ups nuclear crisis severity rating to match Chernobyl

Japanese nuclear regulators said they raised the rating from 5 to 7 — the highest level on an international scale of nuclear accidents overseen by the International Atomic Energy Agency — due to high overall radiation leaks that have contaminated the air, tap water, vegetables and seawater.  More »

Genesis Energy to expand Texas crude oil system

Genesis said it acquired three above-ground storage tanks in Texas City and will convert them to take 230,000 barrels of crude. It has also acquired a barge dock and said it plans to build a truck station and other facilities.  More »

Chevron expects higher first-quarter profit compared with fourth

Chevron did not offer a specific profit forecast in advance of its quarterly report on April 29.  More »

Fracking chemicals registry launches

The online registry, called FracFocus.org, makes it easier for the public to find out what chemicals are being used to extract natural gas in nearby wells. The 24 participating drillers will still withhold information about chemicals they consider proprietary.  More »

Oil falls on Libya, Goldman Sachs demand warning

Benchmark West Texas Intermediate crude for May delivery lost $2.87 to settle at $109.92 per barrel on the New York Mercantile Exchange.  More »

Drivers start to cut back on gasoline as prices rise

About 70 percent of the nation’s major gas-station chains say sales have fallen. More than half reported a drop of 3 percent or more – the sharpest since the summer of 2008, when gas soared past $4 a gallon.  More »

Dynegy names interim CEO

Former railroad executive E. Hunter Harrison, named a director last month with the backing of one of the Houston-based power producer’s biggest shareholders, takes over from David Biegler, an independent director who served in the as interim role after Bruce Williamson left the company.  More »

WikiLeaks: Politicians, military – not rebels – behind Nigeria oil thefts

A U.S. diplomatic cable released by WikiLeaks blames no more than 15 percent of oil thefts on militants operating in the Niger Delta. Large-scale thefts fuel arms sales to the region while causing environmental damage and cutting production in a nation crucial to U.S. oil supplies, the cable suggests.  More »

Marcellus Shale gas may head overseas

A leading player in the move to ship U.S. gas overseas is China, whose thirst for energy to fuel its industrial explosion is growing rapidly. Others include the governments of South Korea and India, and companies in Great Britain, the Netherlands, Norway, Japan and Australia.  More »