Fuel Fix

A thick cloud of fog and morning light engulfs wind turbines at the BP Sherbino Mesa II Wind Farm in Fort Stockton. ( Michael Paulsen / Houston Chronicle )

BP ends renewables energy target after $8.3B spend

BP Plc, recovering from an oil spill that may cost it as much as $42 billion, said it hasn’t set a new target for investing in renewable energy after funneling $8.3 billion into the business.  More »
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

Law firm: Mexico’s reforms make it one of world’s top investments

A range of new reforms initiatives and a gigantic economy could make Mexico a winning bet for global investors.  More »
This photo taken on March 3 and provided by the North Dakota Health Department, shows bags full of radioactive oil filter socks, the nets that strain liquids during the oil production process, piled in an abandoned building in Noonan, North Dakota.  (AP Photo/North Dakota Health Department)

North Dakota to pay for illegal oil waste cleanup

The building’s owner normally would have to pay for the cleanup but he was charged with felony larceny in an unrelated incident and hasn’t been located.  More »
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An American Petroleum Institute advertisement on the renewable fuel standard features a family of boaters complaining to Congress.

Oil industry and biofuel boosters scrap over mandates (video)

The fight over the nation’s renewable fuels policy is heating up again, as federal regulators mull where to set final biofuel quotas for 2014, and organizations on both sides of the issue pressure Congress to take up the topic.  More »
Yellow oil barrels

Oil back below $100 on rising supply

Natural gas lost 12 cents to $4.37 per 1,000 cubic feet.  More »
(LM Otero/AP)

Under pressure, Exxon Mobil agrees to disclose risks of carbon rules

Under pressure from activist shareholders, Exxon Mobil has agreed to disclose how carbon regulations could impact its business model and investment plans, investors said Thursday.  More »
Tommy Beaudreau, director of the Bureau of Ocean Energy Management, speaks during an interview in Washington, D.C. on Tuesday Nov. 29, 2011. (Rich Clement/Bloomberg)

Offshore drilling regulator moves up at Interior

Tommy Beaudreau, the Obama administration official who oversees offshore oil leasing and helped shake up federal agencies after the Deepwater Horizon disaster, is now joining Interior Secretary Sally Jewell’s inner circle.  More »
Coal is piled near methanol tanks in Xinxiang, Henan province, China. (Doug Kanter/Bloomberg)

Methanol as fuel substitute gets chilly US reception

Backers of using methanol from natural gas as a substitute for gasoline got a chilly reception from a federal official who said he is skeptical the fuel will gain widespread adoption for use in cars and trucks.  More »
An Eagle Ford well near Kenedy, Texas. (Eric Gay/AP)

Report: Texas holds $140B in petroleum wealth, led by Houston

Texans own about $140 billion in “petro wealth,” with corporations owning 80 percent of the total, according to an analysis by an Austin firm.  More »
JPMorgan Chase headquarters in New York.  (Photo by Justin Sullivan/Getty Images)

JPMorgan selling physical commodities business

The deal would put the commodities business in the hands of Swiss company Mercuria Energy Group.  More »
White smoke rises from the Chevron refinery during a controlled burn, the morning after a toxic fire in Richmond, Calif.  (AP Photo/The Contra Costa Times, Laura A. Oda)

Study: Chevron refinery plan won’t boost pollution

Chevron Corp.’s plan to upgrade its aging Richmond refinery won’t add to air pollution if the oil company follows all its proposed steps, according to a draft environmental report released Tuesday by the city.  More »

Oil companies bid big bucks for Gulf drilling rights

Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill.  More »
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