Fuel Fix

U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)
The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.
An oil tanker docks at a Chevron oil refinery in the San Francisco Bay. (Kimberly White/Bloomberg News)

The tanker market is sending a big warning to oil bulls

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A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.

(Image: Fotolia)

Oil little changed in thin Asian trading

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Oil prices were little changed in thin Asian trading Monday amid anticipation of the New Year’s holidays as well as stable energy demand in the U.S.
Categories: Crude oil
The Competitive Renewable Energy Zones  initiative lines were designed to move electricity generated by renewable energy from the remote parts of Texas to more heavily populated areas. Oncor completed 37 stations and equipment for this project, as well as more than 900 miles of transmission lines. (photo: Oncor)

West Texas wind soon will light up the region

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A 3,000-mile network of transmission lines designed to bring wind-generated power from West Texas to homes and businesses from Dallas to San Antonio should be fully operational by Tuesday, year’s end.

CarlosSole

Q&A: “The old rules don’t apply” in Mexico energy sector

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On Dec. 20, Mexican President Enrique Pena Nieto signed constitutional reforms into law to open Mexico’s energy sector to private investment. The reforms will allow international companies for the first time in decades to share in the risks and rewards of oil and gas production. Mexican lawmakers hope the reforms will attract much needed capital […]
(Cody Duty / Houston Chronicle)

Keystone XL foes want focus on spill clean up

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Dilbit is made up of bitumen, a thick, sticky hydrocarbon harvested in Canada that is too hard at room temperature to flow through pipelines on its own. To ready it for pipeline transport, companies dilute the bitumen with natural gas liquids or other substances.
The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

Rig count down for the week

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Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 11 this week to 1,757.
Oil Barrel

Crude oil settles above $100 a barrel

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It the first time oil crossed that threshold since October.
Categories: Crude oil, Gasoline
Todd Hart, a lab manager at the DOE's Pacific Northwest National Laboratory, pours algae as part of an experiment to turn it into crude oil (Pacific Northwest National Laboratory).

Biofuel scientists making headway on cheaper algae-based crude (photos)

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Government engineers say they have developed a cheaper way to turn wet algae into crude oil, but it may take a few years to impact the market.