Fuel Fix

NASA marks South Texas well sites in an aerial photo of Texas at night. (NASA image)

UT study to look at economic potential of Mexican shale

Thomas Tunstall, research director of the UTSA Institute for Economic Development, said the group plans to start a study of the Burgos Basin in Mexico.  More »
Maersk Developer platform in Gulf of Mexico

Maersk Oil to lay off a fourth of Houston staff

Diminishing returns in Brazil and the Gulf of Mexico have pushed Maersk Oil to cut a quarter of the jobs at its Houston office.  More »
Gulf Coast refiners are expecting to be the biggest beneficiaries of new investment to upgrade facilities to handle light crude. (Valero Energy photo)

Gulf Coast to benefit from refinery retrofits

Refiners are scrambling for ways to process newly abundant light crude from U.S. shale, and much of their construction and retrofitting investment will be on the Gulf Coast.  More »
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Houston-based Blue Dolphin Energy's refinery in Nixon 54 miles east of San Antonio gets all its crude from the nearby Eagle Ford Shale.

Eagle Ford wave lifts Blue Dolphin Energy refinery

Houston-based Blue Dolphin Energy is turning a p;rofit on a refinery east of San Antonio that gets all its feedstock from the Eagle Ford Shale.  More »
Cleanup is underway near the Beckjord Power Plant, in New Richmond, Ohio, after an estimated 5,000 to 8,000 gallons of fuel oil spilled into the Ohio River, closing about a 15-mile section of the waterway southeast of Cincinnati, on Tuesday. (AP Photo/The Cincinnati Enquirer, Amanda Rossmann)

Officials say oil spill sheen dissipating in Ohio River

The U.S. Environmental Protection Agency is coordinating the response to the spill, which occurred at a Duke Energy power plant near Cincinnati.  More »
Endicott was the first continuously producing offshore field in the Arctic and located about 3 miles offshore on Alaska’s North Slope.  (BP)

Voters go with oil companies in fight over Alaska taxes

Alaskans narrowly defeated an effort to repeal an industry-friendly oil tax regime adopted last year.  More »
This photo taken on Sunday, Aug. 17, 2014, and provided by Robert A. Franco, shows a billboard in Coshocton, Ohio opposing deep-injection wells . Michael Boals, an Ohio man who uses a biblical reference and a statement against “poisoned waters” on billboards opposing local deep-injection wells is fighting a legal threat from the Texas well owner on grounds he’s exercising his free speech. (AP Photo/Robert A. Franco)

Brine firm sues over biblical fracturing billboard

The complaint by the company contends the wells are safe, legal and meet all state safety standards.  More »
(epSos.de/Flickr)

Crude prices rise as supply dips

Oil prices generally rebounded Wednesday as a report by the U.S. Energy Information Administration indicated that supplies of crude oil fell through the week ending Aug. 15.  More »
(StockMonkeys.com)

Uncle Sam to collect $110 million from offshore oil auction

Oil and gas companies are set to pay the government $110 million in high bids for leases in the western Gulf of Mexico, after an auction Wednesday that underscored the industry’s interest in deep-water territory.  More »
David Lawler was named CEO of BP's U.S. lower 48 onshore business on Wednesday, August 20.

BP names CEO of U.S. onshore business

BP has tapped David Lawler, a former top executive at an independent oil producer, to lead the U.S. onshore unit it plans to separate early next year.  More »
Flares like this one in North Dakota burning off excess natural gas  might be less frequent if a new company successfully develops its process for turning methane into gasoline.  (Daniel Acker/Bloomberg)

Saudi Aramco invests $30 million in methane-to-gasoline startup

Siluria Technologies has received $100 million investment in its effort to develop a more efficient process for making gasoline from methane–the main component of natural gas, which is so plentiful in the United States now that some is burned off in flares because it isn’t marketable.  More »
Berkshire Hathaway Chairman and CEO Warren Buffett uses a super large bat as he plays table tennis against junior champion Ariel Hsing, outside the Berkshire-owned Borsheim's jewelry store, in Omaha, Neb., Sunday, May 2, 2010. Tens of thousands came to Omaha over the weekend to take part in the annual Berkshire Hathaway shareholders meeting.(AP Photo/Nati Harnik)

Warren Buffett pulls back on oil company investments

Warren Buffett showed the energy industry his gloomy side in the second quarter.  More »
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