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OPEC February output rises for first time since August

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OPEC crude output rose for the first time in six months as rising Libyan production outpaced a cut by Saudi Arabia, which has implemented a program aimed at curbing excess supply and supporting prices, a Bloomberg survey showed.
Categories: Crude oil
The port of Vancouver, Canada’s busiest, may issue debt to help finance the largest expansion in its history as the country’s resource companies move to boost shipments amid escalating Asian demand for coal, grain and oil. Brent Lewin/Bloomberg

Oil flowing west to Asia pushes Vancouver port growth

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The port of Vancouver, Canada’s busiest, may issue debt to help finance the largest expansion in its history as the country’s resource companies move to boost shipments amid escalating Asian demand for coal, grain and oil.
Categories: Crude oil
BPsign

Feds charge 15 with scamming BP oil spill fund

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Fifteen people were charged Thursday with felony fraud for allegedly filing bogus claims for help after the 2010 BP oil spill in the Gulf of Mexico.
(AP Photo/Hasan Jamali)

Oil ends lower as commodities retreat

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Benchmark crude fell 71 cents to $92.05.
Categories: Crude oil
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron hunting Moroccan elephants marks first oil boom

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Chevron Corp. (CVX) and Genel Energy Plc (GENL) are hunting for elephants in Morocco. Not the animal, rather the giant oil fields that send explorers’ market values soaring when they’re discovered in the frontier.
Categories: Crude oil, Offshore
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

$500M drilling deal at Pa. airport riles some

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Paul D. McLaughlin Jr. recalls feeling heat rise up his neck when he heard about the $500 million deal for airport gas drilling.
Categories: Crude oil
A boat is surrounded by oil near the site of the Deepwater Horizon accident in June 2010. (Smiley N. Pool / Houston Chronicle)

BP left out critical details in spill report, attorneys allege

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Plaintiffs attorneys at a civil trial in New Orleans federal court are trying to show BP’s Gulf spill report was self-serving and designed to shield the company from billions of dollars in damages.
The sun sets behind a group of pump jacks June 1, 2011, outside of Midland, Texas. (Photo: Brett Coomer/Houston Chronicle)

U.S. oil production hit 20-year milestone in November

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For all of 2012, average daily production was the highest since 1995.
Categories: Crude oil
T. Boone Pickens (Photo: Associated Press)

Steffy: Pickens’ new plan to break OPEC’s grip on U.S. energy markets

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T. Boone Pickens was headed to a private lunch with outgoing Energy Secretary Steven Chu when I caught up with him by phone this week.
Categories: Crude oil
A 1,250-ton water injection module is lifted onto Chevron's Tahiti platform in November 2011. Water injection is expected to extend the project's life by about 10 years. (Ade Ariyo/Chevron)

Chevron reaped $1.49 billion after U.S. botched leases

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Chevron Corp. (CVX) reaped the most among the five largest oil companies drilling on U.S. deep water leases that mistakenly omitted drilling-fee provisions, according to a report produced by a Democratic lawmaker.
Categories: Crude oil, Offshore