Fuel Fix

Russell Girsh motions to his driller to turn the equipment on at an oil rig near Watford City, N.D. (AP Photo/Williston Herald, Jerry Burnes, File)

Oil boom fuels drop in age in Great Plains states

The United States is still growing older, but the trend is reversing in the Great Plains, thanks to a liberal application of oil.  More »
A placard warns of flammability on a tank car carrying crude oil near a loading terminal in Trenton, N.D. (AP Photo/Matthew Brown, File)

North Dakota discloses oil train shipment details

Transportation Secretary Anthony Foxx said a pattern of fiery accidents involving trains carrying crude from the Bakken region of North Dakota and Montana had created an “imminent hazard” to public safety.  More »
Yellow oil barrels

Global oil under $114 as Iraq supply worries ease

The price of global crude dipped under $114 Thursday as fears diminished somewhat over supply disruptions from Iraq while U.S. oil extended gains on looser U.S. export controls.  More »
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Nabors to merge part of business with C&J, get $937 million

Oil-field equipment provider Nabors will merge part of its business with C&J Energy Services Inc. in a deal that will give it 53 percent ownership of a new company and $937 million cash.  More »
Welders work on a joint between two sections of pipe during construction of Keystone XL's southern leg in Prague, Oklahoma. (Daniel Acker/Bloomberg)

Industry touts economic effect of Keystone’s southern leg on Texas

A business association whose members include some of the world’s biggest energy companies is urging the administration to approve the controversial Keystone XL pipeline, arguing that the southern portion of the project has already shown the positive economic effect the infrastructure can have on the country.  More »
(AP Photo/J. Scott Applewhite)

House passes bill to speed up natural gas exports

The House voted Wednesday to force the Obama administration to accelerate its scrutiny of dozens of proposed natural gas export projects, responding to energy companies’ clamor to sell the fossil fuel to Japan, Thailand and other countries. Houston Democrat Gene Green helped broker a critical compromise on the bill.  More »
Houston Ship Channel (AP file photo/Pat Sullivan)

US export decision deals blow to some Gulf Coast refiners, processers

The decision to allow two Texas companies to export a minimally distilled variety of ultralight oil is a win for Eagle Ford Shale crude producers, at the expense of refiners and companies planning to build processing plants along the Gulf Coast. Refiners were feeling the pain on Wall Street Wednesday.  More »
(Image: Fotolia)

Colorado city rejects fracking moratorium

Five other municipalities in Colorado have voted to limit or ban hydraulic fracturing, an action that state oil and gas regulators have said isn’t permitted.  More »
(Michael Paulsen / Houston Chronicle)

Federal report gives Texas wind power lines high marks

Since the CREZ power lines were completed, incidents of both wind curtailment and wind-related negative electricity prices have decreased in Texas, suggesting the projects have largely succeeded at their mission.  More »
An abandoned watchtower and lines of barbed wire are seen surrounding Iraq's largest oil refinery as smoke rises from a petroleum gas flare, in the city of Beiji, north of Baghdad. (AP Photo/Ivan Sekretarev, File)

Iraq militants launch fresh raid on oil refinery

Sunni militants launched a dawn raid Wednesday on a key Iraqi oil refinery they have been trying to take for days but were repelled by security forces, a commander on the scene said.  More »
BP economist Mark Finley talks about  global market forces and their impact on oil prices at the University of Houston late Tuesday.  (Collin Eaton/Houston Chronicle)

US shale boom offsetting oil lost in Middle East unrest

Without the surge in U.S. crude production, markets would have demanded higher prices, the U.S. would likely have released oil reserves from its strategic stocks, and high prices would have threatened the nation’s economic recovery, says economist Mark Finley.  More »
(AP photo)

Koch to start European power trading as it plans LNG expansion

Koch Supply & Trading will start buying and selling European electricity and expand its liquefied natural gas business to take advantage of a globalizing market for the fuel.  More »
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