Steve Robinson, a BP vice president, told government investigators that the company has not reached a definitive conclusion about the delayed response, but it may have been because of distractions to effective well monitoring. More »
Oil prices fell today after the government said supplies of gasoline and other energy products rose last week as refineries increased production.
International issues also affected oil prices amid lingering speculation about Europe’s financial crisis a… More »
JUNEAU, Alaska — TransCanada Corp. says it may not meet its target of securing binding agreements by year’s end for a major natural gas pipeline in Alaska, but the company remains optimistic about the prospects for its project.
TransCanada spokesman … More »
WASHINGTON — The federal agency that polices offshore oil and gas development needs to hire more employees to process a backlog of permits and should conduct more surprise inspections of drilling rigs, according to a report obtained Tuesday by the Ch… More »
The engineer watching the flow of drilling mud from BP’s Macondo well was on a coffee and smoke break when the well showed signs of its imminent blowout, according to testimony Tuesday before a panel investigating the accident.
Joseph Keith, a mud log… More »
NEW YORK — Oil prices today jumped above $90 a barrel for the first time in more than two years, a key milestone for Wall Street analysts who say tightening supplies will eventually drive prices above the $100 mark next year.
The recent surge in oil … More »
Under the agreement, KKR will pay $125 million to acquire a 50-percent stake in El Paso’s gathering and processing assets at the Altamont field and each partner will invest $500 million in future projects. (Image: Fotolia) More »
California’s electric utilities have spent the last four years scrambling to meet a state goal of 20 percent of their power from renewable sources by the end of 2010. The process of trying to reach that goal has helped make California the center of renewable power development in the United States. (Photo: Brightsourceenergy.com)
WASHINGTON — Investigators leading a presidential panel’s inquiry into the Deepwater Horizon disaster on Monday said National Oilwell Varco is stalling their probe.
The commission’s chief counsel, Fred Bartlit, called the Houston-based oil field ser… More »
The joint investigation into the Deepwater Horizon disaster resumes in Houston today with testimony on data from the well’s final minutes and a possible defense to claims that one of the panel’s co-chairs is biased. (AP Photo) More »
After dual setbacks of a recession and the BP spill, the oil and gas industry is seeing signs of a global rebound in deep-water drilling, even as the outlook remains cloudy in the Gulf of Mexico. (AP File Photo)
Camac Energy announced the start of a well intervention program designed to stem the flow of natural gas and boost oil production from the Oyo No. 5 well off Nigeria.
The Transocean Marianas semisubmersible drilling unit has been mobilized for the proj… More »
FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst newspapers, FuelFix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news.