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energy

An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Nigeria: Pipeline attacked in oil-rich delta

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Italian oil firm Eni SpA says a pipeline carrying some of its crude out of Nigeria’s oil-rich southern delta has been attacked.
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron uses solar-thermal steam to extract oil in Calif.

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Chevron Corp., the second-largest U.S. oil company, began extracting crude from a southern California field using steam produced by a 29-megawatt solar- thermal power plant.
Demonstrators for and against the Keystone XL pipeline gather in Lincoln, Neb., before a public hearing on the project. (AP Photo/Nati Harnik)

Economy, environment, politics figure in Keystone fight

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Shell, ConocoPhillips and other energy companies with deep Texas ties are betting billions on investments in Canadian oil sands prospects, with hopes of refining that crude and selling it to customers in the U.S. and overseas.
(Photo: Exxon, YouTube)

Industry adds more voices to gas debate

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No longer content to be passive observers of the debate, some of the largest oil companies in the U.S. have begun mounting their own, more forceful defense against criticism of the boom in natural gas development.
Bill Soplu, of Kaktovik, Alaska, demonstrates the use of one of several simulators used to help train employees for work on large vessels at the Edison Chouest Offshore shipbuilding facility in Larose, La. Photo: Misty Leigh McElroy / © 2011 Houston Chronicle

Shell hopes to break the ice on Arctic drilling

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A ship taking shape along the balmy Gulf Coast will have to sail a long way to do what it does best.
(Photo: Vestman/Flickr)

How do you get power plants to show up on a hot day? Jack up prices

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State power officials are considering doubling the maximum allowable price for power during peak usage as a way to convince companies to build more power plants.
(Photo: Julien Tromeur, Flickr)

Oil drops below $78 on weak demand

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Oil prices extended losses today, falling to near $78 a barrel, as Europe’s debt crisis roiled markets and falling personal incomes in the U.S. suggested slack demand for fuel.

Business groups want multiyear highway funding extension to prevent “billions” in delayed projects

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Congress should pass a multiyear bill that authorizes collection of the federal gas tax and funds highway and mass-transit programs at current levels or higher to prevent job losses in the hundreds of thousands and contract delays in the billions of dollars, business groups such as the U.S. Chamber of Commerce said.

Sen. Kay Bailey Hutchison, R-Texas, has long criticized the federal funding formula as unfair because states often get less back on transportation projects than they pay in the form of gas taxes. Earlier this year she proposed allowing states to opt out of the federal highway program and instead get a rebate on federal gas taxes from in-state sales.

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ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon confident it can book Russian Arctic oil reserves

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Exxon Mobil Corp. says it will be able to book oil and gas reserves it finds in an Arctic and Black Sea venture with OAO Rosneft even though its Russian state-run partner owns the licenses.
A cyber security analyst works in the "watch and warning center" during the first tour of the government’s secretive cyber defense lab in Idaho Falls, Idaho. The Homeland Security Department's Control System Security Program facilities are intended to protect the nation's power grid, water and communications systems. (AP Photo/Mark J. Terrill)   Summary

Cyber attacks on U.S. utilities, industries rise

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U.S. utilities and industries face a rising number of cyber break-ins by attackers using more sophisticated methods, a senior Homeland Security Department official said during the government’s first media tour of secretive defense labs intended to protect the nation’s power grid, water systems and other vulnerable infrastructure.