Fuel Fix

Emilio Lozoya, chief executive officer of Petroleos Mexicanos (Pemex) (Susana Gonzalez/Bloomberg)

Pacific Rubiales signs pact with Pemex for Mexican foray

Pacific Rubiales Energy Corp. signed an agreement with Petroleos Mexicanos to study oil and natural gas ventures as Mexico opens up its energy industries to private investment for the first time in 76 years.  More »
(Photo: Frontline Ltd. via Bloomberg)

Oil tankers to China jump to nine-month high amid crude rout

The number of supertankers sailing toward China’s ports surged to a nine-month high amid speculation an oil-price slump is encouraging the world’s second-biggest crude importer to accelerate purchases.  More »
(SAMAD/AFP/Getty Images)

U.S. stocks rally on stimulus signs as energy shares jump

U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus.  More »
Schlumberger CEO Paal Kibsgaard (credit: Schlumberger)

Schlumberger CEO: Oil will recover, spur E&P spending

The slow but steady global economic recovery is still intact, and absolute oil demand has changed little despite fears of oversupply that have sent crude prices hurtling downward in recent days, Schlumberger’s chief executive told investors on Friday.  More »
(AP file photo/Mark Lennihan)

Shale boom helping American consumers like never before

The drop in crude has pulled retail gasoline down more than 50 cents a gallon from the year’s high in April.  More »
(AP file photo/Mark Lennihan)

WTI rebound above $80 holds as Goldman Sachs sees no oil glut

West Texas Intermediate is heading for its biggest one-day gain in a month.  More »
David (left) and Charles Koch.

Oil industry execs among donors to Koch brothers super PAC

The Koch brothers have long kept the donors to their political causes secret, but rules governing a new super PAC they formed require that the backers be made public.  More »
(Daniel Acker/Bloomberg)

In search of safety, utilities bring in experts: each other

The American Gas Association is taking a page from the nuclear and airline industries in a new push to make pipelines and utilities safer.  More »
A sign at the entrance to the Schlumberger campus in Sugar Land, Texas (AP Photo/Pat Sullivan, file)

Schlumberger profit jumps 13.6 percent

Schlumberger profits jumped 13.6 percent in the third quarter as sales in North America and in its production segment picked up.  More »
court_gavel

Feds settle Gulf pollution case

A Houston oil and gas company must pay to settle government charges alleging it illegally dumped oil and chemicals into the Gulf of Mexico.  More »
Driller Paul Allison operates the independent Barrett Brothers Number 1 drilling rig in Presideo County between Alpine and Marfa, Texas.

Shale boom weans U.S. from foreign oil, creates new opportunities

Although the U.S. is far from achieving anything close to full energy independence, the rapid resurgence in domestic oil and gas production has slashed the nation’s reliance on foreign oil in a short period of time and created new opportunities for refineries and pipeline companies, an energy analyst said Thursday.  More »
(AP Photo/Mark Stehle)

New York court rejects bid to revive fracking ban case

A motion by bankrupt Norse Energy against the town of Dryden in western New York was denied by the state’s highest court.  More »
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