Fuel Fix

(Photographer: Daniel Acker/Bloomberg)

Oil falls after first weekly gain in 2 months

Oil declined from a one-week high in London and New York as Iraqi production advanced to a record, compounding a global supply surplus.  More »
(AP Photo/Matthew Brown, File)

BNSF moving more crude oil across eastern Nebraska

BNSF said it is moving about a dozen oil trains through eastern Nebraska each week. That’s up from three trains a week last summer.  More »
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FILE - In this Oct. 24, 2014 file photo, then Alaksa gubernatorial candidate Bill Walker answers a question during a debate in Anchorage, Alaska. Walker, now Governor, has said Alaska this year stands to pay out about $100 million more in oil and gas credits than the production tax brings in. (AP Photo/Mark Thiessen, File)

Alaska faces lean budget times as oil prices plunge

Alaska heavily relies on oil revenue to fund the cost of state government, but the fall in prices has contributed to an estimated 80 percent decline in the state’s share of production taxes from last year.  More »
(Alexander Klein/AFP via Getty Images)

Meeting between Iran and Saudi Arabia foreign ministers delayed

A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African affairs  More »
(Luke Sharrett/Getty Images)

Truckers gaining from diesel’s drop

Diesel’s drop will aid everyone from truckers to industrial users such as Bortz, chief executive officer of Towne Construction Services in Batavia, Ohio, which uses 300,000 gallons of diesel a year.  More »
Venezuelan President Nicolas Maduro (MIGUEL ANGULO/AFP/Getty Images)

Venezuela’s Asia tour backfires as crude extends slump

Venezuelan government lobbying to prop up prices is falling on deaf ears among other OPEC members that are prepared to let prices fall to a level that undermines a U.S. shale boom.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

State Dept. gives agencies 2 weeks to comment on Keystone

Federal agencies have been given a Feb. 2 to provide advice on whether to move forward with the hotly debated Keystone XL pipeline.  More »
(StockMonkeys.com/Flickr)

TransCanada sued again by Nebraska landowners over Keystone path

Dual complaints were filed Friday against the Calgary-based company in state courts in York and O’Neill, Nebraska, by David Domina, the lawyer whose prior effort to halt construction of the 1,179-mile conduit was defeated by a cadre of judges who ruled his clients hadn’t established their legal right to sue.  More »
U.S. Senator John Cornyn speaks to the audience at the GOP election night party in Austin on Tuesday, Nov. 4, 2014. (Kin Man Hui/San Antonio Express-News)

Beaumont event touts benefits of Keystone XL

Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.  More »
Oil pumps at the Enbridge and Enterprise Products Partners LP Jones Creek Facility on Friday, Jan. 16, 2015. ( J. Patric Schneider / For the Chronicle )

Enbridge, Enterprise officially ring in Seaway expansion

Executives at the event hailed the route as a step toward North American energy independence.  More »
(Michael Stravato/The New York Times)

Report: Crude exports would boost production, lower gas prices

This is the first report to examine the issue in light of the recent decline in oil prices, now slashed to less than half their June 2014 high.  More »
WILDCAT WELL 05 JD

U.S. rig count sees biggest drop in six years

This week’s plunge marked the third-biggest one-week drop since Baker Hughes began tracking rig data in 1987.  More »
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Cal Dive skips interest payment

The Houston-based marine contractor, which provides manned diving, pipelay and other services for the oil and gas industry, said it is looking to sell non-core assets in a bid to get debt off its books.  More »
Schlumberger CEO Paal Kibsgaard (credit: Schlumberger)

Schlumberger CEO sees new tech elevated amid falling prices

The oil-field service industry will face a tough year in 2015 as North American oil producers plan on cutting spending around 30 percent.  More »
(Photographer: Eddie Seal, Bloomberg)

Wage growth for oil workers slowed in 2014, data firm says

Data showed that oil and gas wages have grown at a slower rate every year since 2011  More »
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