Fuel Fix

Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Exxon drilling Russian Arctic shows oil sanctions lack bite

After more than two years’ planning Exxon and its partner OAO Rosneft, Russia’s state oil producer, will start drilling the Universitetskaya prospect tomorrow, the Kremlin said in a statement Friday.  More »
Private oil companies soon could partner with Mexico's Pemex on operations like this in the Bay of Campeche. (Susana Gonzalez photo/Bloomberg)

Mexico’s new energy rules could bring profits and problems

Private oil companies will look carefully before they leap into Mexico’s new energy environment.  More »
(Toby Talbot/AP)

Insurance industry changes with energy industry

Newer areas for insurance companies to cover include shale gas, wind turbines and transporting oil by railroads, a speaker said at the Independent Insurance Agents of Houston Energy Symposium.  More »
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A new solar-diesel powered disaster relief vehicle and 26-foot trailer is put on display at Reliant Center Tuesday, June 18, 2013, in Houston. The vehicle is designed to deliver immediate power, emergency shelter, access to news and information and Wi-Fi internet connectivity to those in need. ( Brett Coomer / Houston Chronicle )

NRG reports $97 million loss as it outlines reorganization

NRG Energy Inc. suffered a $97 million in the second quarter, the company reported Thursday as it outlined plans to reorganize.  More »
Yellow oil barrels

Action in Iraq sends crude prices upward

Oil for September delivery gained 42 cents to settle at $97.34 a barrel on the New York Mercantile Exchange.  More »
The drilling rig Aker Barents in the Barents Sea.  (AP  Photo/Harald Pettersen / Statoil via Scanpix Norway, FILE)

Norway’s Statoil comes up dry at Arctic wells

Statoil said this year’s exploration campaign ended without any commercial discoveries.  More »
AUSTRIA-OPEC-COMMODITIES-ENERGY-OIL

Insurance agents need to learn about energy, too

The first part of the day revolved on world events and their influence – perceived or real – on the oil industry as well as increasing U.S. oil production and what that means for OPEC.  More »
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

Feds vs. feds: EPA questions energy agency’s environmental review

The Environmental Protection Agency says another federal agency hasn’t fully addressed how a proposed liquefied natural gas export plant in Corpus Christi might affect air, water and wildlife in the region.  More »
A drilling rig in the Utica Shale. (Chesapeake)

McClendon’s American Energy, Regency to build $500M Utica pipeline

A $500 million pipeline planned for next year could carry natural gas from Aubrey McClendon’s growing web of gas wells in Ohio to the Gulf Coast and several mid-western and southern states.  More »
An aerial view of the Cameron LNG terminal in Hackberry, La. Sempra Energy is the majority owner of Cameron LNG. (Photo: Cameron LNG)

Companies take a big step toward LNG export plant in Louisiana

Sempra Energy, GDF Suez and other investors have made a final decision to move forward with a liquefied natural gas export plant in Hackberry, La.  More »
Scott Sheffield, chairman and CEO of Pioneer Natural Resources, speaks in Midland, Texas. (Tim Fischer\Reporter-Telegram)

Pioneer CEO: US oil production could hit 14 million barrels/day

Technological improvements will allow energy companies to scrape more crude out of the ground and drive U.S. oil production higher, even as producers seek new overseas markets for the fossil fuels, executives said Wednesday. Pioneer Natural Resources CEO Scott Sheffield predicted U.S. oil production could hit 14 million barrels per day, well above the 9.5 million barrel mark projected by government forecasters.  More »
Pemex's Yuum K'ak' Naab floating production, storage and offloading vessel works in Mexico's Bay of Campeche. (Susana Gonzalez/Bloomberg)

Mexican lawmakers approve overhaul ending Pemex monopoly

The Mexican Congress has passed legislation aimed at ending state-owned Pemex’s 75-year state monopoly on the energy industry.  More »
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