Fuel Fix

(AFP/Getty Images)

Petrobras investors claim PwC ignored red flags of fraud

Petrobras and its senior executives violated provisions of U.S. and Brazilian corporate law, according to a complaint in Manhattan federal court.  More »
(AP Photo/Ed Andrieski, File)

Citigroup says renewables will continue upward trajectory, even as crude tumbles

Oil generates about 5 percent of global electricity and doesn’t generally compete directly with wind and solar power, Citigroup researchers said.  More »
(Eddie Seal/Texas Tribune)

Report: Cheap crude prices could boost the U.S. economy for another two years

Just three months ago, the group forecast that oil would spike to $85 per barrel by December 2015; now it expects prices below $70 until 2016.  More »
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(AP Photo/Matthew Brown, File)

BNSF adds new safety rules for crude oil trains

Under the changes, BNSF is slowing down crude oil trains to 35 mph in cities with more than 100,000 people.  More »
(Getty)

BOEM has recieved thousands of comments on whether to open the Atlantic to drilling

The federal Bureau of Ocean Energy Management was receiving comments through midnight Monday on what should be studied in an environmental impact statement of offshore drilling, which later this decade could include the Atlantic.  More »
Michael Creel, CEO of Enterprise Products Partners (For Chronicle 100)

Houston pipeline giant says its CEO is stepping down

Enterprise indicated that the decision to retire had come from its current CEO, but did not elaborate on the reasons for the shift.  More »
(AP Photo/Alexander Zemlianichenko, file)

Russia’s natural gas giant is cutting its dividend after seeing its profits tank

The massive drop in profits may translate into a payout of about 2 rubles a share, compared with 7.2 rubles a year earlier.  More »
A sculpture of oil workers decorates a sidewalk in Caracas, Venezuela, Thursday, Oct. 23, 2014. (AP Photo/Ariana Cubillos)

A Houston oil company’s foiled Venezuelan sale is prompting reorganization talk

The company’s stock was down slightly less than a cent in trading Monday — 0.008 or 1.67 percent — to $0.448.  More »
(AP Photo/Hasan Jamali)

Oil workers in West Texas and New Mexico were underpaid millions, Labor Department says

Among the problems found, employers were failing to include bonus payments when calculating overtime rates, weren’t paying for time spent working off-the-clock and paying flat rates despite the hours worked by employees.  More »
The Deepwater Horizon oil rig burns on April 21, 2010 after an explosion in the Gulf of Mexico. (AP file photo/Gerald Herbert)

BP says paying a fraction of oil spill bill could put its U.S. unit in trouble

Fines for the 2010 Deepwater Horizon disaster could reach as high as $13.7 billion against BP.  More »
(Jim Gehrz/Minneapolis Star Tribune/MCT)

U.S. crude production sets record in 2014

The shale boom in 2014 fueled the most dramatic rise in U.S. oil production since the government began keeping records more than a century ago.  More »
Photographer: Eddie Seal/Bloomberg

Oil industry to Obama: Stop excluding Atlantic drilling leases

Oil industry leaders on Monday pressed the Obama administration to reverse course and schedule two auctions of drilling rights in the Atlantic, not just the single sale now penciled in for 2021.  More »
A security guard stands at the Maroun Petrochemical plant at the Imam Khomeini port, southwestern Iran. (AP Photo/Vahid Salemi, File)

Iran riches coveted by Big Oil after decades of conflict

As Iran and the U.S. enter 11th-hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is emerging again as a potential prize for Western oil companies  More »
(AP file photo/John Moore)

Saudi Aramco signs $10 billion loan as oil companies raise funds

Saudi Aramco, the world’s biggest oil exporter, is the latest oil company in the region to take advantage of low borrowing costs to raise funds.  More »
(Eddie Seal/Bloomberg)

Blackstone CEO sees ‘remarkable’ opportunities in slumping oil

Most of Blackstone’s energy investments aren’t in oil, meaning its exposure to lower oil prices is limited, CEO Stephen Schwarzman said.  More »
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