Fuel Fix

The Polar Pioneer, a drilling rig contracted by Shell for Chukchi Sea exploration in 2015, is transported across the Pacific on the heavy-lift vessel Blue Marlin. (Photo: Vincenzo Floramo / Greenpeace)

Feds launch review of Shell’s Arctic drilling plan

Federal regulators have begun a 30-day review of a broad plan that forms a framework for Shell to resume Arctic drilling this summer. The company also must obtain permits for each proposed well.  More »
(LM Otero/AP)

Exxon might be next in line for mega deal, analysts say

Exxon Mobil Corp. could be the next big oil firm to pull off a major corporate takeover like Royal Dutch Shell’s $70 billion bid this week for BG Group, Morgan Stanley analysts say.  More »
(Photo by Joe Raedle/Getty Images)

EPA to set overdue biofuel quotas in deal with oil industry groups

The EPA will finalize biofuel quotas for 2014, 2015 and 2016 later this year, in an agreement settling an oil industry lawsuit.  More »
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(Photographer: Ty Wright/Bloomberg)

U.S. households to save $700 this year on gasoline

Oil companies may be taking a beating amid a global crude collapse, but U.S. drivers are saving big on gasoline, pocketing enough cash at the pump this year to buy a robot vacuum, a cheap refrigerator or the latest iPad.  More »
Marathon Bakken drilling

U.S. oil rig count down 42 as industry’s slowdown accelerates

The number of rigs drilling for oil in the U.S. fell by 42 this week, a reversal from previous figures that suggested the industry’s pull back was slowing down.  More »
(Victor Dubreuil)

EnCap raises $6.5 billion to pour into North American oil firms

Private equity firm EnCap Investments has closed its tenth energy fund with $6.5 billion to back North American oil and gas producers, the latest firm to collect billions to pump into the shale business.  More »
The Deepwater Horizon blowout preventer is lifted onto the deck of the Helix Q4000 in the Gulf of Mexico near the coast of Louisiana in September 2010. (AP file photo/Patrick Semansky)

Five years after Gulf disaster, feds ready new well control and blowout preventer mandates

The Obama administration is poised to lay out new requirements for controlling offshore wells, nearly five years after the Gulf of Mexico oil spill vividly illustrated the damage that can be unleashed when they are not kept in check.  More »
(AP Photo/Diamond Offshore)

Houston oil company among five caught in legal battle over new U.K.-Argentina Falkland Islands fight

Argentina filed criminal charges Thursday at the general prosecutor’s office in Buenos Aires against five U.K. and U.S. oil companies.  More »
A capped oil well sits in a container at Horse Hill well, the center of a new oil discovery in Horley in Surrey  An oil exploration firm said  that it had discovered there were 100 billion barrels of oil in the ground next to Gatwick Airport outside London
(AFP PHOTO / BEN STANSALL)

Big oil deposit near London airport, but will be hard to tap

While oil companies have been drilling in the Weald Basin since the 1930s, UK Oil & Gas says new “concepts, techniques and technology” have given it a better understanding of the region’s potential.  More »
(Photographer: Daniel Acker/Bloomberg)

Wages for oil and gas workers are growing the slowest of any industry

Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.  More »
(Photo by NOAA via Getty Images)

The Atlantic Ocean could have one of its quietest hurricane seasons in years

About 4 percent of U.S. natural gas and 17 percent of oil production is centered in the Gulf.  More »
(Photo by Justin Sullivan/Getty Images)

Energy Department to spend $200 million on new supercomputer

The goal is to build a supercomputer that will help the U.S. compete internationally with other next-generation computing efforts and ensure the United States’ economic and national security, agency officials said.  More »
(Photographer: Andrey Rudakov/Bloomberg)

Shell deal brings relief to Dutch companies used to being prey

Ten benchmark Dutch stocks, or just under half the 25 spots that make up the Amsterdam Exchanges Index, have been acquired since 2007, when ABN Amro Holding NV was snapped up for $100 billion by a consortium led by Royal Bank of Scotland Plc.  More »
The Maersk Developer drills an exploratory well into Statoil's Martin prospect, about 3,000 feet below the surface in the Gulf of Mexico. Two years ago, Statoil paid $157 million for the right to drill into a single 9-square-mile block at the site and the Norwegian company is now spending about $1.1 million a day to rent the Developer, supply the drilling rig and pay for other contractors. (Jennifer A. Dlouhy / Houston Chronicle)

Statoil makes Gulf of Mexico discovery

Statoil and its partners have struck oil in the Gulf of Mexico, but more work is needed before the Norwegian oil company can determine the size of the discovery.  More »
(Michael Stravato/The New York Times)

Texas leads nation in exports, thanks to petrochemicals and gasoline

About a fifth of Texas’ $289 billion in exported goods last year were petroleum and coal products — about $59.1 billion worth — according to a new government report.  More »
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