Fuel Fix

Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Oil price decline shows in Texas permits, completions

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Crude oil production is still rising in Texas, despite lower oil prices this year. June crude oil production averaged 2.43 million barrels daily, up from the 2.16 million daily barrels the state pumped in June 2014, according to the Texas Railroad Commission, the state’s oil and gas regulator. But this year’s price decline for crude

Oil price decline shows in Texas permits, completions

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Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)
Crude oil production is still rising in Texas, despite lower oil prices this year. June crude oil production averaged 2.43 million barrels daily, up from the 2.16 million daily barrels the state pumped in June 2014, according to the Texas Railroad Commission, the state’s oil and gas regulator. But this year’s price decline for crude
(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

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A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
A dusk view of a support vessel next to the illuminated Na Kika oil and natural gas production platform in the Gulf of Mexico. (BP)

Feds lift ban blocking BP from new offshore drilling contracts

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BP inked a deal with the Obama administration on Thursday ending its 16-month suspension from new contracts to supply the Pentagon with fuel and drill in U.S. waters.
(Photo by Joe Raedle/Getty Images)

Average pump price passes $3.50 for first time in 6 months

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The national average price for a gallon of regular gasoline passed $3.50 for the first time since Sept. 18, jumping 23 cents over the last 34 days, according to AAA.
Categories: Gasoline, Transportation
(martinluff/Flickr)

Report: Fracking could raise earthquake risks in California

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A potential boom in hydraulic fracturing in California would increase the risks of earthquakes in the state, according to a report that environmental groups released Thursday.
(AP file photo/Paul Sakuma)

Shell to slash US investment on shale disappointments

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Shell’s Chief Executive Officer Ben van Beurden says the company will cut capital spending in the U.S. by 20 percent in 2014 after setbacks in its shale gas operations and in Alaska.
Categories: Shale
The San Onofre nuclear power plant along Pacific Ocean coastline in San Onofre, Calif. (AP Photo/Gregory Bull)

California vies to replace closed nuke plant power

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More than two years after the San Onofre nuclear power plant stopped production, California is looking to fill the gap left in its energy grid by the plant that provided enough electricity for 1.4 million homes.
Categories: Nuclear
(Bill Montgomery/Houston Chronicle)

Company plans $2B Ethiopian power project on imploded volcano

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Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.
Categories: Africa, Electricity
An Indonesian National Search and Rescue Agency boat patrols the Malacca Strait off Aceh province located in the area of northern Sumatra island on March 12, 2014 in search for the missing Malaysia Airlines flight MH370.  ( AFP PHOTOSTR/AFP/Getty Images)

Energy tie to Malaysian jet mystery? (video)

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Did an oil rig worker see the Malaysian jet going down?
Categories: Accidents, Asia, Offshore