Fuel Fix

Stefan Siegel, president and chief technology officer of Atargis Energy Corporation, talks about the 1:10 scale model of a cycloidal wave energy converter that the company is testing in the wave basin at Texas A&M Offshore Technology Research Center Monday, July 16, 2012, in College Station. Hydrofoil blades on the underwater device rotate to extract energy from waves. ( Melissa Phillip / Houston Chronicle ) Photo: Melissa Phillip / © 2012 Houston Chronicle

Scientists seek next wave in power generation

Aerospace engineers are working to make ocean wave energy the nation’s newest source of green power by applying the physics of wind turbines to the sea.  More »
(AP file photo/John McConnico)

Greenland melt spawns iceberg threat in search for offshore oil

Oil companies off Greenland’s shores may be basing risk assessments on outdated information as icebergs splinter the island’s coastline at an ever faster pace, scientists and environmentalists said.  More »
The Noble Paul Romano. (Photo: Noble Corp.)

Noble buys into Falkland oil licenses, will become operator

Noble Energy Inc. (NBL), a U.S. oil and gas producer, agreed to buy stakes in licenses from Falkland Oil & Gas Ltd. off the disputed islands.  More »
A worker walks through pipes connecting storage tanks and pumps in the hydraulic fracturing process. (AP Photo/Keith Srakocic, File)

Marcellus Shale becoming top US natural gas field

The Marcellus Shale is about to become the most productive natural gas field in the United States, according to new data from energy industry analysts and the federal government.  More »
Trucks drive south on Highway 85 near Williston, N.D., in the state's oil patch region. (AP Photo/Elijah Nouvelage, File)

Texas oil boom fueling trucker bonuses propels Odessa

Truckers can get $5,000 signing bonuses from companies serving Odessa, the West Texas center of a new Lone Star State oil boom and the nation’s fastest-growing city.  More »
(Photo: Patricia Santos, Associated Press)

Petrobras posts surprise quarterly loss on weak Brazil currency

Petroleo Brasileiro SA (PETR4), the worst performing global oil company this year, unexpectedly reported its first quarterly loss in more than a decade after a depreciation of the local currency boosted costs.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND oil tax collections could top $3.5B in 2 years

Spurred by rising production, North Dakota’s oil tax revenues could top $3.5 billion when the state’s current two-year budget period ends in June, the state tax commissioner says.  More »
Robert Peeler of California is working as a mechanic in Williston, N.D., to save his house and his family ranch. (AP Photo/Forum Communications Co., Amy Dalrymple)

Oil boom generates international interest in ND

Moving to North Dakota was the best thing that ever happened to Robert Peeler.  More »
The damaged No. 4 reactor building at Tokyo Electric Power Co.'s Fukushima Dai-ichi nuclear power plant in Okuma town, northeastern Japan. (AP Photo/Kyodo News)

Japan utility releases videos from nuclear crisis

Newly released videos taken during the crisis last year at Japan’s crippled nuclear plant show the emergency command center shaking violently when hydrogen exploded at one reactor and the plant’s chief shouting, “This is serious, this is serious.”  More »
Oil gushes from BP's Macondo well in the Gulf of Mexico on July 12, 2010. (AP Photo/BP)

BP, Transocean and Halliburton setting aside billions for possible Deepwater settlement

As the clock ticks ever closer to a civil trial over the Deepwater Horizon litigation, the second quarter 2012 earnings reports have provided some insight in how BP, Transocean and Halliburton are calculating what they might have to pay and how settlement talks are going.  More »
Stranded passengers wait for their power to get restore, at New Delhi railway station, in New Delhi, India, Monday, July 30, 2012. Northern India's power grid crashed Monday, halting hundreds of trains, forcing hospitals and airports to use backup generators and leaving 370 million people — more than the population of the United States and Canada combined — sweltering in the summer heat. (AP Photo/Rajesh Kumar Singh)

CenterPoint reviewing India’s power failure

CenterPoint Energy officials said they are reviewing India’s historic electric grid failure this week to see what lessons can be gained for Texas’ sometimes strained utility system.  More »
Fire crews sprayed water on the blazing remnants of BP's Deepwater Horizon offshore oil rig. (AP file)

Former offshore drilling regulator warns of complacency

A former federal regulator warned today that growing “complacency” since the 2010 Gulf oil spill threatened to undermine changes that have boosted safety and government oversight of offshore drilling.  More »