Fuel Fix

Directional drilling and hydraulic fracturing in shale formations such as the Eagle Ford and the Bakken in North Dakota helped U.S. oil production grow by a record 1.136 million barrels a day last year to 8.121 million, according to the Energy Information Administration. (Eddie Seal/Bloomberg)

US now pumping 10 percent of the world’s crude

The United States accounted for 10 percent of world crude oil production in the fourth quarter, with oil from unconventional tight rock operations accounting for almost half of the crude American wells produced.  More »
A ship sits docked along the Houston Ship Channel in Houston on Jan. 30, 2014. (Scott Dalton/Bloomberg)

Busy Houston port needs upgrades to maintain safety

The energy-led increase in congestion in the Houston Ship Channel highlights the need for more maintenance, dredging, high-tech navigation systems and other improvements to ensure safe travel through the narrow waterway.  More »
Photo: Richard Bartz

Republicans: Obama administration stonewalling on bird deaths

House Republicans complain the Obama administration is refusing to turn over documents related to enforcing environmental laws at wind farms where dozens of eagles and other protected birds have been killed.  More »
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Exxon Mobil's Baytown chemical facility (Exxon Mobil)

Exxon Mobil refinery receiving crude shipments again after channel closure

Exxon Mobil Corp.’s major refinery in Baytown can push its output of refined products back up again after a decline when the Houston Ship Channel closed for three days.  More »
An oil & gas drilling rig works in the Eagle Ford Shale formation.

Memorial Production enters Eagle Ford in $173M deal

Houston’s Memorial Production Partners has bought oil-rich producing wells in the Eagle Ford Shale for $173 million.  More »
People wave Russian flags as they look at Russian President Vladimir Putin delivering a speech in Sevastopol. (AFP PHOTO/ VIKTOR DRACHEVVIKTOR DRACHEV/AFP/Getty Images)

Want to hurt Russia? Oil exec suggests exporting crude

The quickest way for the United States to weaken Russia’s influence and help allies abroad is by exporting its crude oil — not its gas — Continental Resources CEO Harold Hamm told lawmakers on Wednesday.  More »
The Occidental Petroleum headquarters in Los Angeles. (AP file photo/Reed Saxon)

Occidental’s $8 billion deal stalled by Muslim Brotherhood row

Occidental Petroleum Corp., seeking to raise as much as $8 billion by selling a stake in itsMiddle East business, said a political dispute in the region is complicating plans to sell to a single investor group.  More »
(Fotolia)

Rising utility costs lingering after winter’s chill fades

U.S. consumers got a glimpse of rising future utility bills during the winter as coal- and nuclear-plant shutdowns boosted reliance on natural gas.  More »
(AP Photo/Hasan Jamali)

Study: Tight oil still profitable even if crude prices plummet

Even if global oil prices fell more than $30 per barrel, the overwhelmingly majority of U.S. tight oil production would still be profitable, analysts with Wood Mackenzie said Tuesday.  More »
Yellow oil barrels

Oil up to near $100 ahead of US stockpiles report

The price of oil crept closer to $100 a barrel Wednesday as investors waited for details on the levels of U.S. crude stockpiles.  More »
Vera Scroggins stands in front of a gas compressor station in Liberty Township in northwestern Pennsylvania. (AP Photo/Mary Esch, File)

Fracking activist wants back on Houston driller’s land

A high-profile anti-fracking activist says an order barring her from stepping foot on land owned or leased by a leading natural gas driller has effectively prevented her from traveling to her favorite grocery store, eye doctor, hospital, restaurants, businesses and friends’ homes.  More »
The Keyera Alberta Diluent Terminal, located adjacent to the new Alberta Crude Terminal in Edmonton, Alberta, Canada. The Alberta Crude Terminal is a 50-50 joint venture by Houston’s Kinder Morgan Energy Partners and Canadian midstream company Keyera Corp.  (Kinder Morgan)

Economist: Transport causing ‘serious logistical challenge’ for shale boom

Despite major accidents in the past year, U.S. oil companies must keep leveraging the nation’s railroads to move crude to markets while they build a much more extensive pipeline network, an energy economics professor said Tuesday.  More »
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