tea leaves (Fotolia)

Oil companies read the tea leaves (and lots of data)

Because of the long time horizons and enormous costs of their projects, some oil companies develop projections for world energy conditions decades ahead.
Categories: General
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in April.  (AP Photo/Pat Sullivan, File)

Federal judge delays ex-BP engineer’s trial

Kurt Mix’s trial was scheduled to start Feb. 25, but U.S. District Judge Stanwood Duval Jr. moved it to June 10.
Categories: Gulf oil spill
This aerial photo shows an oil sands mine facility near Fort McMurray, in Alberta, Canada. The proposed Keystone XL pipeline would carry oil sands crude from projects in Alberta to refineries along the Gulf Coast. (AP Photo/The Canadian Press, Jeff McIntosh, File)

IHS CERA: Market shifts for Canadian oil sands crude

The Gulf Coast is poised to be a major market for bitumen harvested from Canada’s oil sands, despite a surge of domestic crude extracted from North Dakota, Texas and other states, according to a report released Monday.
Sean Lennon and Yoko Ono help deliver boxes of comments to the New York State Department of Environmental Conservation on its proposed natural gas drilling regulations recently in Albany, N.Y. (AP Photo/Mike Groll)

Groups deliver comments on New York drilling

Adding star power to the opposition were Yoko Ono and her son, Sean Lennon.
Mickal Vogt of Covington, La., uses a stick to place tar balls in a jar that washed up on the shore in Orange Beach, Ala., Saturday, June 12, 2010. Large amounts of the oil battered the Alabama coast, leaving deposits of the slick mess some 4-6 inches thick on the beach in some parts. (AP Photo/Dave Martin)

BP seeks to cut Gulf oil spill exposure by up to $3.4B

BP could reduce its potential maximum fine for the 2010 Gulf oil spill by $3.4 billion if a judge grants a motion BP filed Friday relating to the amount of crude spilled.
A life raft swept from the Kulluk drilling rig sits on an Alaska island's beach. (U.S. Coast Guard photo by Petty Officer 2nd Class Zachary Painter).

Potential fuel leaks from Kulluk lifeboats raised to 316 gallons

Officials said Thursday night that lifeboats dislodged from Shell’s runaway Kulluk drilling rig could leak as much as 316 gallons of diesel fuel, more than estimated earlier.
Categories: Accidents
Shell Oil President Marvin Odum, left, speaks with moderator Frank Sesno, director of the School of Media and Public Affairs at George Washington University, during Shell’s Innovation Summit Jan. 9, 2013, in Houston.

Growing food needs will squeeze water resource for energy, Odum warns

During Shell’s Innovation Summit this week, Shell Oil President Marvin Odum warned that a projected 50 percent increase in global food consumption by 2030 will strain the relationship between water, food and energy.
A thick cloud of fog and morning light engulfs wind turbines at the BP Sherbino Mesa II Wind Farm in Fort Stockton. ( Michael Paulsen / Houston Chronicle )

Answers about tax credit are still blowin’ in the wind

The extension of a tax credit for wind energy production changes eligibility requirements, and leaves some questions to be answered.
Categories: Wind

Tesoro will convert Hawaii refinery to a terminal

Tesoro is converting its Kapolei Refinery in Hawaii into a terminal, then will put it up for sale.
Categories: General, Refining
The South Texas Project nuclear power plant near Bay City can generate 2,700 megawatts of electricity.(John Davenport / San Antonio Express-News)

Brief fire prompts shutdown of reactor at Bay City nuke plant

One of the South Texas Project’s nuclear reactors was shut down after a transformer fire Tuesday, but the reactor was not damaged, a plant spokesman said.
Categories: Nuclear