Fuel Fix

Peter Voser, Chief Executive of Royal Dutch Shell speaks during a press conference in London in 2010. Peter Voser will retire next year. (BEN STANSALLBEN STANSALL/AFP/Getty Images)

Shell CEO Peter Voser to retire in 2014

Royal Dutch Shell PLC said Thursday Chief Executive Peter Voser will step down in early 2014, and the company reported lower first-quarter profits in the wake of a decline in oil prices.  More »

Statoil profit slides more than estimated as production declines

Statoil ASA (STL), Norway’s biggest energy company, said profits fell by 29 percent in the first quarter on lower oil and gas output in Norway, Brazil and as a terrorist attack shut a facility in Algeria.  More »
The Cushing, Okla., pipeline hub.

Enbridge expansion could turn into Keystone-like fight

A new front may soon open in the battle over pipelines that transport Canadian oil to the U.S.  More »
(Bill Montgomery/Houston Chronicle)

Energy Future reports $569 million first-quarter loss

Energy Future Holdings Corp., the Texas power company seeking to restructure at least $32 billion of debt, reported its ninth consecutive quarterly loss.  More »
The Sakhalin Energy LNG tanker at a jetty in Russia. (Shell)

Shell in talks to cooperate with Arrow LNG rivals in Australia

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said its Arrow Energy Ltd. venture in Australia is in cooperation talks with competitors building liquefied natural gas projects in Queensland state.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND House rejects oil tax restructuring measure

North Dakota’s House rejected a measure Wednesday aimed at closing an exemption enjoyed by oil companies in exchange for lower tax rates.  More »

Tesoro income jumps 66% in first quarter

Capital improvements and higher margins driven by the company’s use of discounted crude oil led refiner Tesoro Corp. to a 66 percent increase in profit in the first quarter, the company said.  More »

Canadian judge dismisses lawsuit against Chevron

An attempt by Ecuadorian villagers to have a Canadian court enforce a $19 billion judgment against multinational oil giant Chevron Corp has been dismissed by the Ontario Superior Court.  More »
(AP file photo/John Moore)

Commentary: The Coming Arab Winter

Forget the Arab Spring. Islamists have already hijacked it. But, as if internally extinguishing the hope of democracy isn’t enough, dark clouds are now gathering to blot out the economic ‘sun’ for the oil-powered Middle East states, ushering in – courtesy of the West’s technological fracking ‘miracle’ – a new Arab winter.  More »
Money Roll

Freeport-McMoRan’s $6.9 billion Plains bid called inadequate

Freeport-McMoRan Copper & Gold Inc.’s $6.9 billion bid for Plains Exploration & Production Co. is inadequate and should be blocked, an investor’s lawyer told a Delaware judge, who delayed a decision.  More »
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake registers a profit, despite troubles

Chesapeake Energy Corp. boosted production and reported better-than-expected earnings for the first quarter, despite continued struggles with debt.  More »
An ERCOT worker mans a desk in the Texas electric grid manager's Austin control room. (Photo: ERCOT/Tom Reel)

ERCOT: Hot summer likely to require power conservation

State electricity planners are preparing for another summer of withering heat, as they make their determinations on the sufficiency of electricity generation for peak heat conditions.  More »
(Nick De La Torre / Houston Chronicle)

Moody’s: U.S. will be a top liquefied natural gas exporter by 2020

The U.S. is expected to become one of the top exporters of liquefied natural gas in the next five years, with new export facilities becoming the catalyst for a steady stream of shipments to Asia, according to a Moody’s report issued Wednesday.  More »
Carl Icahn (AP file photo/Gregory Bull)

Opposition to Icahn’s Transocean dividend proposal grows

Another independent shareholder advocacy group has come out against billionaire investor Carl Icahn’s proposal for Swiss drilling contractor Transocean to issue a $4-a-share dividend.  More »
Charlie Williams (Handout photo)

Hazard analysis could be problematic in company offshore audits

FuelFix spoke to Charlie Williams, director of the Center for Offshore Safety, about challenges companies are having in implementing new federal regulations.  More »