Fuel Fix

Shell's drilling rig Kulluk ran aground off a small island near Kodiak Island Tuesday Jan. 1, 2013. Opponents criticized the growing race to explore the Arctic for energy resources. (AP Photo/U.S. Coast Guard)

Coast Guard blames 2012 Arctic rig grounding on bad decisions

Coast Guard investigators on Thursday rapped Shell Oil Co. and its contractors for failing to heed the dangers of towing a drilling rig across stormy Alaska waters in late 2012 — a voyage that ended when it ran aground on New Year’s Eve.  More »
Inside The Eagle Ford Shale Oil Conference

Weatherford moving to Ireland as Swiss executive pay rules change

The board of Geneva-based oil field service firm Weatherford International has voted to shift its corporate headquarters to Ireland later this year, six months after the Swiss government handed investors authority to rein in top-drawer executive pay.  More »
EnerVest Barnett 1

Gallup: US public supports opening federal land for oil exploration

Public opinion supports opening federal land for oil exploration, but generally prefers energy policy focused on conservation, according to a Gallup poll released Wednesday.  More »
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Yellow oil barrels

Oil rises on anticipation of improved jobs report

Benchmark U.S. crude gained 67 cents to close at $100.29 a barrel.  More »
Texas Solar Outfitters installs solar panels in a newly constructed home located in the Dominion Falls subdivision in Humble, Texas.

Report: Clean energy investments drop globally

Global investment in clean energy technology fell 11 percent to $254 billion last year, according to a new study released Thursday by the Pew Charitable Trusts.  More »
Protestors hold posters during a demonstration in Palma de Mallorca, Spain, against oil exploration off the coast near the Balearic Islands, on February 22, 2014. (Jaime Reina/AFP via Getty Images)

Foreign frackers now find comfort in water-hungry Spain

A few years ago, fracking in Spain seemed as likely as bullfighting in Britain. But these days, energy companies from Texas, Canada and Ireland are trying to capitalize on geology that indicates Spain has sizable shale reserves.  More »
A rig in Colorado drills a well for natural gas that will be released using hydraulic fracturing. (AP Photo/Brennan Linsley)

Long-term investors should be wary of rapidly declining energy assets, PE investor warns

In the last three decades, up to three-quarters of all upstream companies have “destroyed shareholder value,” yet Wall Street investors prize some wonky metrics over the inevitable: Oil-producing assets, especially in shale plays, decline quickly and are often costly to replace, a private equity investor said Wednesday.  More »
Site preparation has already begun for construction of Chevron Phillips Chemical’s new ethane cracker at its Baytown facility. (Chevron Phillips Chemical)

Chevron Phillips Chemical breaks ground on ethane cracker

BAYTOWN — Chevron Phillips Chemical Co. broke ground — ceremonially, at least — on the first component of a $6 billion expansion Wednesday that executives say could be transformational for the company.  More »
John Kingston, news director at Platts, speaks about threats to U.S. oil drilling during the sixth annual S&P Capital IQ Energy Symposium in downtown Houston. (Collin Eaton/Houston Chronicle)

Panel: Colliding well bores, export ban threaten booming US drilling

In the past two years, souped-up rigs have spun wells into U.S. soil faster than ever, but limited water supplies and other looming challenges threaten to constrain future drilling investments, industry observers said Wednesday.  More »
Tankers in the Houston Ship Channel. (Billy Smith II/Houston Chronicle)

Energy industry leaders clash over oil exports

Pocketbook issues are emerging as a major factor in the debate over exporting U.S. crude.  More »
A boat passes a refinery standing along the Houston Ship Channel in Houston, Texas, U.S., on Thursday, Jan. 30, 2014.  (Scott Dalton/Bloomberg)

US slashes net energy imports as refiners ship fuels overseas

The United States cut its net energy imports in 2013 to their lowest level in more than two decades, measured by energy content, according to the U.S. Energy Information Administration.  More »
(AP Photo)

Oil falls even with supply drop

West Texas Intermediate crude fell the most since March 12 on speculation that U.S. inventories gained for an 11th week and as a gauge of manufacturing rose less than expected. Brent slipped.  More »
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