Fuel Fix

(Photo courtesy of Shell Oil Co.)

Offshore drilling plan targets Atlantic and Arctic waters

The Obama administration’s proposal for 10 auctions of drilling rights in the Gulf of Mexico, three targeting Arctic waters and one of Atlantic acreage is alienating both environmentalists and the oil industry.  More »
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

BP turns to environmental impact, financial state in oil spill penalty trial

BP will continue to build its case for lower environmental fines Tuesday in the long-running legal fight over how much it should pay for fouling the Gulf of Mexico in 2010.  More »
(AP Photo/Steven Senne)

Thousands without power during snowstorm in Massachusetts

The state Emergency Management Agency says the plant’s emergency diesel generators are supplying power to the safety systems and there is no emergency or danger.  More »

(AP file photo/Patrick Semansky)

Houston man accused of lying about blowout preventer tests

If convicted on two counts of making false statements to federal agencies, he could get up to 10 years in prison and $500,000 in fines.  More »
Oil facilities pop up from the shallow continental shelf in the Gulf of Mexico. More than five decades after the shallow waters of the Gulf were first explored, it is still being tapped. (Jennifer A. Dlouhy / Houston Chronicle)

Obama administration opens door to Atlantic drilling

The Obama administration is poised to unveil a draft plan for selling offshore oil and gas leases that is expected to rule out auctioning drilling rights in parts of the Atlantic Ocean as well as in some Arctic waters and along the West Coast between 2017 and 2022.  More »
Joe Manchin, Al Franken, Martin Heinrich

Senate Democrats block bid to wind down Keystone XL debate

The procedural vote means that the Republicans are looking at days — if not weeks — of additional debate on the bill and the dozens of amendments that have been proposed to it, including proposals involving climate change, crude exports, Arctic drilling and whether EPA employees can carry firearms.  More »
John Hess, chairman and CEO of Hess Corp. (Photographer: F. Carter Smith/Bloomberg )

Hess cuts capital spending by 16 percent

Hess Corp. will cut its capital spending 16 percent to $4.7 billion, becoming the latest exploration and production company to announce big cuts to its 2015 budget.  More »
women_in_energy

Hurdles remain for women in energy

Women have made strides in the energy industry, but there’s still a lack of women in some engineering and management positions, a panel of female energy sector executives said Monday.  More »
(U.S. Fish and Wildlife Service via The New York Times)

Republicans vow to fight administration on Arctic drilling

Republicans lashed out at what they called a “triple whammy” of Obama administration actions that could limit oil development in and around Alaska, including new protections in the Arctic National Wildlife Refuge and a coming plan for selling offshore drilling rights.  More »
(Jason Alden/Bloomberg)

BP will freeze pay for most of its employees

The announcement came today in an internal message to employees, said BP spokesman Brett Clanton.  More »
A Sikorsky model 76-D helicopter hovers over a runway during a demonstration of the new Sikorsky model 76-D helicopter designed for transporting offshore oil workers at West Houston Airport Friday, Jan. 23, 2015, in Houston. Sikorsky just opened a Houston office to focus on oil & gas support. 
( James Nielsen / Houston Chronicle )

Video: Sikorsky’s new helicopter takes flight

Sikorsky doesn’t expect the drop in crude oil prices to hurt its business, even though the oil industry is a big customer.  More »
(Energy Transfer)

Energy Transfer Partners to buy sister company in $11.2 billion deal

The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.  More »
(AP Photo/Gerald Herbert, File)

Spill trial: BP makes its case for lower pollution fines

BP’s fourth and final witness, Robert Cox, a practicing physician and toxicologist at the University of Mississippi Medical School, said he found the oil spill and the efforts to clean it up left no significant adverse human health impacts or threats to public health, based on his analysis of exhaustive state and federal data.  More »
(SAMAD/AFP/Getty Images)

Hedge funds bet oil will fall further

U.S. crude supplies rose by 10.1 million barrels to 397.9 million in the week ended Jan. 16 and the country will pump the most oil since 1972 this year.  More »
Caroline Lucas, a Green Party member in the UK Parliament, stands outside the main entrance to the Cuadrilla exploratory drilling site in Balcombe, England, as anti fracking demonstrations continue near the drill site, Sunday Aug. 18, 2013. (AP Photo / Gareth Fuller, PA)

U.K. lawmakers urge fracking moratorium

Hydraulic fracturing in shale for oil and gas should be put on hold in the U.K. because of risks to public health and the environment, a panel of lawmakers said.  More »
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