Fuel Fix

A salvage expert prepares to board a Coast Guard MH-60 Jayhawk helicopter for a day assessing the Kulluk conical drilling unit near Kodiak, Alaska. (U.S. Coast Guard photo by Petty Officer 1st Class Sara Francis)

Officials close to towing grounded drilling rig

Salvagers are preparing to try pulling Shell’s grounded Arctic drilling rig from a rocky Alaskan island’s coast as soon as critical equipment arrives on the scene and weather permits _ possibly before the weekend’s end.  More »
Commander Mark Vislay, an MH-60 Jayhawk pilot, briefs a salvage team before it leaves for the grounded Kulluk conical drilling unit.  (U.S. Coast Guard photo by Petty Officer 1st Class Sara Francis)

Salvage crews plan to rescue grounded drilling rig

Salvagers are preparing to pull Shell’s stranded Arctic drilling rig from the rocky coast of an Alaska island, drawing on visits to the beached vessel and five flyovers conducted on Friday.  More »
Waves crash over the drilling unit Kulluk where it sat aground on the southeast side of Sitkalidak Island, Alaska, Jan. 1, 2013. (U.S. Coast Guard photo by Petty Officer 3rd Class/Jonathan Klingenberg.)

Rig grounding could put Shell’s Arctic drilling plans on ice

Even if Shell is able to free its grounded Kulluk drilling rig from a rocky Alaskan island shore, it may be too damaged to resume hunting Arctic oil this summer. The 29-year-old conical drilling unit is uniquely designed to weather floating ice, and replacements aren’t readily available. Even if Shell Oil Co. could find an Arctic-ready rig, it almost certainly would not secure air pollution permits for a different vessel in time to resume drilling wells this July.  More »
Find a Better Job with
Job Seekers
Employers
Powered by Monster ®
The Hebron project will include a gravity-based concrete structure which will be able to store up to 1.2 million barrels of oil within its cylindrical base. (Source: Exxon Mobil Corp.)

Exxon to spearhead $14 billion oil project in Canada

Exxon Mobil Corp. is leading a $14 billion project to produce oil off of Canada’s northeast coast, the company announced Friday.  More »
Nebraska Gov. Dave Heineman. (AP Photo/Nati Harnik)

Report on Nebraska pipeline route goes to governor

The State Department has federal jurisdiction because the pipeline begins in Canada.  More »
keystone protester

New Keystone XL tree protesters descend

Two protesters who climbed onto tree platforms late Wednesday to block work on the Keystone XL pipeline have descended, a spokesman for the activists confirmed Friday.  More »
(Bureau of Safety and Environmental Enforcement)

Oil industry tax deductions may face fiscal cliff woes soon, analyst warns

The tax package that passed on Tuesday evening and included credits for a range of areas of renewable energy did not include another widely discussed area of possible tax revenue – removing some of the tax deductions that oil and gas companies have enjoyed.  More »
A thick cloud of fog and morning light engulfs wind turbines at the BP Sherbino Mesa II Wind Farm in Fort Stockton. ( Michael Paulsen / Houston Chronicle )

Emerging economies to triple renewable energy

The fastest growing emerging countries will grow their combined capacity of renewable energy from about 127 GW to 403 GW by 2020, according to a GlobalData report.  More »
Fire crews sprayed water on the blazing remnants of BP's Deepwater Horizon offshore oil rig. (AP file)

Transocean stock rises; Analysts cite Gulf deal, operational changes

Transocean’s overhaul of its operations is more of a driver for future results than its efforts to put to bed remaining liability over the 2010 Gulf of Mexico oil spill, some analysts say.  More »
Smoke and flames billow from a crude oil unit at the Chevron refinery in Richmond, Calif., Monday, Aug. 6, 2012. (AP Photo/ContraCosta Times, D. Ross Cameron )

Chevron firefighters may have gouged pipe

The pipe that fed a huge fire at Chevron’s Richmond oil refinery in August appears to have been punctured from the outside, possibly by company firefighters trying to get at a small leak before the blaze ignited, investigators said Thursday.  More »
A Chevrolet Volt undergoes a quality inspection on the production line at a General Motors assembly plant in Michigan on Nov. 30, 2010. (AP file photo/Paul Sancya)

Report: Global electric vehicle sales to grow rapidly through 2020

Global sales of electric vehicles will grow rapidly over the rest of the decade as fuel prices remain high and motorists seek more cost-effective alternatives, a new report says.  More »
A scene from "Promised Land", the 2013 movie about the debate around hydraulic fracturing. Star Matt Damon said he was disappointed by the film's reception in the U.S.

Steffy: `Promised Land’ courts controversy but settles for even-handed mediocrity

“Promised Land” doesn’t live up to its promise.  More »