Fuel Fix

U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)
The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.
An oil tanker docks at a Chevron oil refinery in the San Francisco Bay. (Kimberly White/Bloomberg News)

The tanker market is sending a big warning to oil bulls

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A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.

Power lines, owned by Energy Future Holdings, near the Lake Hubbard Power Plant near Dallas. (Allison V. Smith/The New York Times)

Energy Future execs, directors paid $25.5M before bankruptcy

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Court documents filed this week show Energy Future Holdings CEO John Young, directors and other executives collected a combined $25.5 million in compensation in the year before the Dallas power generator filed for bankruptcy.
Chile's Energy Minister Maximo Pacheco speaks to FuelFix after an industry breakfast at the Four Seasons Hotel on Wednesday, July 02, 2014. (Dave Rossman photo)

Chile officials visit Houston to urge renewable investment

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Typically, when foreign energy ministers visit Houston, they’re in town to pitch the oil and gas sector on investing in their country in order to tap a bounty of oil and gas resources. Officials from Chile in town Wednesday worked a different angle.
Categories: Electricity, Wind

Ships and barges hug the shoreline at the Port Corpus Christi. (Bob Owen/San Antonio Express-News)

Record LPG exports will drive ship market growth, Latsco says

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Increased U.S. exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that carry gases such as propane, butanes and ethane, according to the director of Latsco Shipping Ltd., said
Categories: Markets, Natural gas
(fotolia)

Report: Vampire equipment sucking power and draining wallets

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The price people pay for always-on, around-the-clock Internet connections with modems, cell phones and laptops may be higher than they think.
Categories: Electricity, General
(Krisztian Bocsi/Bloomberg)

‘Dragonfly’ attacks should alert generators to threat, experts say

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A new wave of cyberattacks should be a wake-up call to U.S. electricity generators and grid operators who believe their control systems are safe from hackers, data security experts say.
Money Roll

Cape Wind receives major loan guarantee from feds

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Cape Wind Associates LLC received a conditional $150 million loan guarantee from the U.S. Department of Energy for its project off the coast of Massachusetts.
Categories: Finance/Earnings, Wind
Photo:  hamiltoncollege.org.uk

Technical or managerial track? A common dilemma for young professionals…

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The dilemma is one I hear often from young professional engineers in the oil & gas industry: should I pursue a technical track or a managerial track, and should I pursue either with an operator or a service company?