Fuel Fix

(AP Photo/Richard Drew)

Oil’s slide continues into August

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Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.

Oil’s slide continues into August

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(AP Photo/Richard Drew)
Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.
Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
Categories: Crude oil, featured
Photo: (Flickr/Luis Argerich)

Feds unveil study paving way for oil and gas research in Atlantic

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The Obama administration on Thursday is setting the framework for a new generation of oil and gas research off the East Coast — and potential drilling in those Atlantic waters a decade from now — by releasing an environmental study of seismic surveys to pinpoint those energy resources.
The Freeport LNG Liquefaction Project expansion (Freeport LNG)

Freeport LNG gets $1.2B in equity from Japanese utilities

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Freeport LNG, which plans to build a major natural gas and liquefaction facility, signed an agreement that provides the final piece of equity it needs for the initial phase of its plans.
Categories: Asia, General, LNG

Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Dream of US oil independence slams against shale costs

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The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems.
Categories: featured, Production
Rail tanker cars in Corpus Christi, Texas. (Eddie Seal/Bloomberg)

Rail projects boosting oil flow to California refineries

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California, the third-biggest refining state in the U.S., is about to see a flood of oil by rail from places such as Canada and North Dakota as suppliers seek to tap a market isolated from the rest of the country.
Categories: Crude oil, Rail
(StockMonkeys.com)

Plug Power climbs on Wal-Mart fuel-cell forklift order

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Plug Power Inc., the supplier of fuel cells for electric forklifts that’s doubled in market value this year, surged the most in two weeks after announcing an order from Wal-Mart Stores Inc.
Pacific Drilling, an ultra deepwater drilling company formed in 2008, owns a fleet of eight drillships, including the Pacific Bora. (Image: Pacific Drilling)

Pacific Drilling to make first shareholder payout

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Pacific Drilling announced Wednesday that it would make its first distribution to shareholders of $152 million, saying that five consecutive quarters of solid growth has driven the move.
Oil prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil prices drop in Asia on demand expectations

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Oil prices fell in Asia on Thursday as expectations for reduced demand due to warmer weather outweighed a smaller-than-expected increase in U.S. oil supplies.
Categories: Crude oil, Markets