Fuel Fix

Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)
Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.
FILE - This Oct. 11, 2013 file photo shows cleanup at the site of an oil pipeline leak and spill near Tioga, N.D. (AP Photo/Kevin Cederstrom, File)

Cleanup of oil spill at ND farm to take 2 more years

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“It’s now just become part of our lives,” Patty Jensen said of the massive spill from a Tesoro Corp. pipeline that was discovered in September 2013 by her husband.

(Lucas Schifres/Bloomberg)

Update: Encana well under control, residents still evacuated

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Encana Corp. on this morning said it has regained control of an oil well north of Karnes City in the Eagle Ford Shale. Encana lost control of the gas well on Tuesday afternoon and Karnes County officials evacuated homes nearby. The incident happened near the intersection of FM 792 and County Road 343 about four miles […]
Categories: Accidents, Texas
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Canada oil patch to see massive consolidation, analyst predicts

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Crude oil prices remain about 44 percent lower than in June even after rebounding somewhat from a six-year low in March. The lower prices have led oil-sands producers in Western Canada to reduce spending by billions of dollars and cut thousands of jobs.
Categories: Canada, Crude oil

U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Kerry says energy industry will decide climate battle

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Energy and related companies can create jobs, wealth and improved health and security for people by meeting their environmental responsibilities, Kerry said in a video message for executives at a climate and business conference in Paris.
Categories: Environment
(U.S. Energy Information Administration)

U.S. natural gas imports reach lowest level in 28 years

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Domestic natural gas production has hit record highs during the ongoing shale boom, and the low natural gas prices have played a role in replacing imports. Nearly 98 percent of natural gas imports came from Canada, but Canadian natural gas represented 7 percent of total U.S. natural gas consumption last year, which was down from 11 percent in 2009, according to the EIA.
OIL GAS RIG

Canada adapting to cheaper oil to avoid going way of the auto industry

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The Group of Seven’s biggest oil exporter may see drilling investment slashed by $23.2 billion in the coming 12 months, according to data compiled by Bloomberg. That’s a 29 percent reduction from the previous 12 months and the biggest since at least 2007.
Categories: Canada
Ruptured Pipeline Spills Oil Along Santa Barbara Coast

Plains All American says up to 105,000 gallons of oil may have spilled from California pipeline

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The Plains All American Pipeline company says in a statement the current estimate remains 21,000 gallons, but it says that figure is under investigation.
Jack Welch, former CEO and Chairman of General Electric, in San Francisco on Monday, May 11, 2015.

Former GE CEO Jack Welch tells energy companies to think long term, keep their talent

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Welch, who led GE for 20 years until 2001, said low oil prices are teaching energy companies to become more efficient and potentially more profitable in the long run.
Categories: Crude oil, General, People