Fuel Fix

(Paul White/(AP photo)

Repsol profit triples as refining counterbalances oil drop

Oil’s drop of almost 50 percent over the past six months pushed companies from Total SA and Royal Dutch Shell Plc to BP Group Plc and Statoil ASA to announce investment cuts in the past month.  More »
(Getty)

Premier oil suspends dividend after posting full-year loss

First oil from its Solan project in the North Sea west of Shetlands is now expected in the second half instead of the second quarter because of poor weather conditions, the company said.  More »
(SAMAD/AFP/Getty Images)

CGG to cut about 400 jobs after 2014 $1.2 billion net loss

Last year, Europe’s second-biggest oil-services provider Technip approached CGG about a combination of the two French companies specialized in providing equipment and studies for the energy industry. The surveyor, which has cut jobs and reduced its fleet, rejected the bid.  More »
(Simon Dawson/Bloomberg)

Transocean could take only a week to shelve out-of-work rigs, execs say

Transocean reported a loss in the fourth quarter as it took a $992 million goodwill impairment charge on the sinking value of its drilling business and other charges, it said late Wednesday.  More »
US President Barack Obama arrives to speak on March 22, 2012 at the TransCanada Stillwater pipe yard in Cushing, Oklahoma. Obama spoke about the Keystone XL pipeline and his energy policies. (AFP PHOTO/Mandel Ngan)

U.S. tells Canada its climate goal may play Keystone role

Obama has secured climate concessions from China and India as part of those UN talks. A similar deal with Canada could help offset the anticipated environmental damage from the TransCanada Corp. pipeline, responding to project opponents.  More »
GEORGIA PIPELINE

Effort to seize Nebraska land for pipeline remain on hold

The proposed pipeline still needs presidential approval before it could be built across Montana, South Dakota and Nebraska to connect with existing pipelines.  More »
(AFP PHOTO/ VIKTOR DRACHEVVIKTOR DRACHEV/AFP/Getty Images)

Putin threatens Ukraine with gas cutoff

Putin said that Ukraine’s latest payment would be good only for another three to four days, warning that Russia will have to turn off the tap if Ukraine doesn’t remit payment quickly.  More »
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Some contractors (unionized) not so bad, Steelworkers say

The leaders of the United Steelworkers union and the North America’s Building Trades Unions issued a joint statement Wednesday to clarify the scope of contractor responsibilities at the nation’s refineries and chemical plants.  More »
Photographer: Andrew Harrer/Bloomberg

Yellen says oil price means inflation will fall before it rises

The Fed chair reiterated that she expects the drag on inflation “will be transitory.”  More »
(Photo by Joe Raedle/Getty Images)

EIA: U.S. crude inventories grow again

The inventory report included a number of figures that have worried analysts in the past.  More »
Members of national guard patrol a supermarket in Caracas, on February 3, 2015. President Nicolas Maduro, whose country faces severe economic crisis and shortages, ordered a Venezuelan chain be taken over Tuesday and its proprietors detained for inciting "a food war against the people."AFP   PHOTO/JUAN BARRETO        (Photo credit should read JUAN BARRETO/AFP/Getty Images)

Tissue paper-for-Venezuelan oil swap offered by Trinidad

Venezuela, plagued with shortages of basic goods, was offered a reprieve by the Prime Minister of neighboring Trinidad and Tobago: exchange oil for tissue paper. Prime Minister Kamla Persad-Bissessar suggested an oil-for-tissue swap in a news conference Tuesday following a meeting in Port of Spain with Venezuelan President Nicolas Maduro. She said the deal would […]  More »
(AP Photo)

Dynegy scraps California sales

On Tuesday, the company reported a net loss of $104 million in the fourth quarter of 2014. It had a $91 million loss during the same period a year ago.  More »
(AP file photo/John Moore)

Oil demand seen rising by Saudi’s al-Naimi as markets calm

Brent crude futures, a benchmark for more than half of the world’s oil, gained 3.6 percent this year, after plunging 48 percent in 2014.  More »
(AP file photo/George Osodi)

Nigeria suffers ‘substantial’ revenue loss as oil prices fall

The continent’s largest economy has been hit by the halving in Brent crude prices since the middle of last year as the West African nation prepares for presidential elections next month.  More »
(AP Photo/Dado Galdieri, File)

Oil boom’s end threatens pain for much of Latin America

Upheaval is taking place across much of Latin America, where oil prices have fallen by nearly half since September, threatening to pull the rug out from under a decade-long economic boom.  More »
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