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The Polar Pioneer, a drilling rig contracted by Shell for Chukchi Sea exploration in 2015, is transported across the Pacific on the heavy-lift vessel Blue Marlin. (Photo: Vincenzo Floramo / Greenpeace)

Feds launch review of Shell’s Arctic drilling plan

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Federal regulators have begun a 30-day review of a broad plan that forms a framework for Shell to resume Arctic drilling this summer. The company also must obtain permits for each proposed well.
(Photo courtesy of Shell Oil Co.)

Feds ask Shell for assurances on Arctic drilling

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Federal regulators scrutinizing Shell’s bid to resume Arctic drilling next summer are pressing the company for more evidence it has fixed the kind of problems that plagued its last search for black gold in the region.
One well struck oil at Spindletop in 1901. Two years later, the hill was covered with derricks. Now a new group wants to drill even deeper.

Oilmen hope to make new history at Spindletop

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The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life.
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

Texas natural gas value plummets by $1 billion

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Energy industry activity in Texas generally has declined over the past year, as the rig count fell, drilling slowed, and hiring moderated, according to a monthly Texas Petro Index report.
(Image: Fotolia)

Oil industry capital expenditures to jump 13 percent in 2012

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Worldwide spending by oil and natural gas companies is on track to break $1 trillion this year, with North America commanding the largest portion, according to an analysis by GlobalData.
An oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)

Report: U.S. oil reserves flourished in 2011

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U.S. oil reserves grew 9 percent in 2011 as companies funneled billions into exploring for new deposits across the country, according to an Ernst & Young study.
A rig drills for natural gas in the Sonora Field in the Permian Basin. (AP Photo)

Rig count rises by 11

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The number of rigs actively exploring for oil and natural gas in the U.S. rose 11 this week to 2,023.