Fuel Fix

Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)
Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.
FILE - This Oct. 11, 2013 file photo shows cleanup at the site of an oil pipeline leak and spill near Tioga, N.D. (AP Photo/Kevin Cederstrom, File)

Cleanup of oil spill at ND farm to take 2 more years

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“It’s now just become part of our lives,” Patty Jensen said of the massive spill from a Tesoro Corp. pipeline that was discovered in September 2013 by her husband.

The Phoenix-Arrington Ranch plant is owned by Eagle Rock Energy Partners in the Texas Panhandle. (Ken Childress Photography / Houston Chronicle)

Eagle Rock to sell midstream business for $1.3B

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Houston-based Eagle Rock Energy Partners is selling 8,100 miles of gathering pipeline and several processing plants for $1.3 billion, a move to transform into a pure upstream firm, the company said Monday.
Categories: Deals
(AP Photo/Pat Sullivan)

More Eagle Ford pipeline expansion

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A joint venture of Kinder Morgan Energy Partners LP and Magellan Midstream Partners LP has entered into a long-term agreement to move Eagle Ford Shale liquids for Anadarko Petroleum Corp.
Categories: Eagle Ford, Pipelines

BPsign

Top officials leave BP oil spill claims office

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BP’s latest full-page newspaper ad suggests the departure of two senior officials who administered payments to victims of the 2010 Gulf of Mexico oil spill is evidence of “mounting problems” at the settlement program.
Former Occidental Petroleum Chairman and CEO Ray Irani.

Occidental agrees to pay former CEO $14M to settle termination

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Occidental Petroleum Corp., the largest oil producer in the contiguous U.S., agreed to pay former Chairman Ray Irani $14 million as part of a settlement for his separation from the company.
Categories: Legal issues, People
A contractor walks through a steel tube at the PacifiCorp Lake Side 2 natural gas power plant under construction in Vineyard, Utah. About 49 percent of U.S. households use natural gas for heating, according to data from the Energy Information Administration, the statistical arm of the Energy Department in Washington. (George Frey/Bloomberg)

Speculators ‘throwing money’ at natural gas on icy blast

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Hedge funds got more bullish on natural gas as a blast of cold air swept across the U.S., pushing prices to the highest level in more than two years.
Categories: Natural gas, Weather

More Eagle Ford pipeline expansion

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A joint venture of Kinder Morgan Energy Partners LP and Magellan Midstream Partners LP has entered into a long-term agreement to move Eagle Ford Shale liquids for Anadarko Petroleum Corp. Kinder Morgan Crude and Condensate LLC and Double Eagle Pipeline LLC, a 50-50 joint venture between Magellan Midstream Partners LP and Kinder Morgan Energy Partners, [...]
Categories: Uncategorized
The Empire State tanker is one of five that Kinder Morgan plans to purchase from American Petroleum Tankers, part of a $1 billion deal that also includes four newly built vessels from State Class Tankers. (American Petroleum Tankers)

Kinder Morgan to buy tanker businesses for $1B

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Pipeline giant Kinder Morgan Energy Partners will spend nearly $1 billion to move into the tanker business after agreeing to buy two companies that ship oil between U.S. ports, the companies said Monday.
Categories: Crude oil, featured, Offshore