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.

Soldiers of the East Africa Response Force (EARF), a Djibouti-based joint team assigned to Combined Joint Task Force-Horn of Africa, depart from a U.S. Air Force C-130 Hercules in Juba, South Sudan. Gunfire hit three U.S. military CV-22 Osprey aircraft Saturday, Dec. 21, 2013 trying to evacuate American citizens in Bor, the capital of the remote region of Jonglei state in South Sudan, that on Saturday became a battle ground between South Sudan's military and renegade troops. (AP Photo/U.S. Air Force, Tech. Sgt. Micah Theurich)

Rebels hold key oil capital in South Sudan

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South Sudan’s central government lost control of the capital of a key oil-producing state on Sunday, the military said, as renegade forces loyal to a former deputy president seized more territory in fighting that has raised fears of full-blown civil war in the world’s newest country.
Categories: Africa, Safety/Security
Money Roll

Free! A (small) slice of Eagle Ford mineral rights

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If you’ve been missing out on this whole oil boom thing that’s happening in South Texas, the new Shiner Landing development is offering a chance to win some Eagle Ford Shale mineral rights. OK, so it’s a small amount of minerals.

(ALEXANDER KLEIN/AFP/Getty Images

Several energy ministers say no OPEC cut needed

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Ministers from Saudi Arabia, Kuwait and Iraq said OPEC needn’t cut production next year to make room for additional supplies from Iran, Libya and U.S. shale oil.
Oil Barrel

Oil rises on improved U.S. economic growth

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Benchmark U.S. oil rose 28 cents to close at $99.32.
Categories: Crude oil, Gasoline

Plains All American announces $120 million in Eagle Ford projects

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Plains All American Pipeline has announced $120 million in capital projects for the Eagle Ford Shale region, including a new natural gas liquids fractionator. The fractionator, expected to be operational in the second quarter of 2015, will be able to process up to 15,000 barrels per day of natural gas liquids, the Houston-based company announced [...]
Categories: Uncategorized
(Plains All American)

Plains All-American to expand Eagle Ford presence

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Plains All American Pipeline has announced $120 million in capital projects for the Eagle Ford Shale region, including a new natural gas liquids fractionator.
As U.S. crude production nears records, the oil industry is pushing for relaxed rules on oil exports.  (AP Photo/Orlin Wagner)

Oil industry takes aim at export ban

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The oil industry is fighting back against allegations that it is looking to recruit another country to challenge the U.S. ban on exporting American crude.
Categories: Politics/Policy