Fuel Fix

The Cushing, Okla., pipeline hub.

Oil glut seen in survey defying seaway reversal

U.S. crude inventories probably climbed to the highest level in almost 22 years as the reversal of the Seaway pipeline proved insufficient to alleviate a glut in the central part of the country, a Bloomberg survey showed.  More »
The Facebook Inc. website is displayed on a Research In Motion Ltd. (RIM) Blackberry 9900 smartphone in this arranged photograph in Tokyo, Japan. Photographer: Tomohiro Ohsumi/Bloomberg

Blackberry market fading, but is energy industry still embracing it?

Behind the glitz and the glamour of the Offshore Technology Conference, there is one thing clear about the energy industry – it loves smartphones.  More »
(Photo: Mathijs B/Flickr)

Energy XXI gulf platform fire Extinguished, Company Reports

A fire in a slop tank aboard a Gulf platform owned by Energy XXI Bermuda Ltd., which salvages production from depleted offshore wells, was extinguished late yesterday, according to the company.  More »
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(AP Photo/Keith Srakocic)

Illinois AG sues over refinery’s alleged pollution

The state of Illinois is suing current and past owners of a southwestern Illinois refinery for allegedly polluting nearby groundwater.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Follow the Exxon Mobil shareholder meeting live

Exxon Mobil Corp.’s annual shareholders meeting is underway this morning in Dallas.  More »
(Image: Fotolia)

Iran official says oil industry affected by computer virus

Senior official confirms Iran’s oil industry briefly affected by powerful Flame computer virus.  More »
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Solar-powered boat heading down Erie Canal

A solar-powered boat has traveled more than 300 miles down the Erie Canal in the northeast. The owner, Bob Meacham, said the boat is the first of its kind, and the boat isn’t a modified gasoline-powered boat.  More »
Workers join sections of pipe on a Trinidad Drilling rig leased by Chesapeake Energy north of Douglas, Wyo. Photo: Alan Rogers / Copyright 2012 CASPER STAR-TRIBUNE

Chesapeake valuation seen luring major oil merger deal

Chesapeake Energy Corp. (CHK)’s depressed valuation is making the company a potential target for acquirers willing to bet that natural-gas prices will rebound from a decade low.  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

Only 1 successful bid in Iraq oil, gas auction

A Kuwaiti-led energy consortium on Wednesday won the right to search for oil and gas in southern Iraq as part of the country’s fourth postwar energy auction. Two natural gas exploration deals meanwhile attracted no bidders.  More »
(Photo: Flickr, Caston_Corporate)

Cove Energy rises to record after Mozambique approves PTT bid

Cove Energy Plc (COV), the U.K. explorer with a share in gas fields off Mozambique, reached a record in London after the African country approved a bid by Thailand’s PTT Exploration and Production Pcl.  More »
(AP Photo/Hussein Malla)

BP resumes exploration in Libya after war that ousted Qaddafi

BP Plc (BP/), Europe’s second-biggest oil company, said it will begin exploring in Libya again after the civil war last year that ousted Muammar Qaddafi from power.  More »
Nordic activists from environment group Greenpeace demonstrate in the port of Helsinki, Finland on Friday March 16, 2012. Greenpeace activists have boarded two Finnish icebreakers in Helsinki to protest oil and gas exploration in the Arctic Ocean. Some 17 demonstrators boarded the icebreakers while others clambered onto cranes with banners demanding that Shell Oil Co. suspend plans to drill in the fragile northern waters.   (AP Photo/Lehtikuva/Markku Ulander)

Judge extends restriction area for Greenpeace

A federal judge has made it more difficult for representatives of Greenpeace USA to board Shell Oil’s drilling vessels.  More »
The Pantone 5 mobile devices, the world's first cell phones with built-in radiation monitors, are shown during a press conference by Softbank Corp. in Tokyo. Softbank, the carrier for the hit iPhone and iPad in Japan, says the handheld, which shows the microsieverts-per-hour number on a display at a push of a button, will go on sale in July. Pricing was not announced. (AP Photo/Kyodo News)

Cell phones monitoring radiation to sell in Japan

Worries over radiation are so rampant in Japan after last year’s nuclear meltdowns that the world’s first cell phones with built-in radiation monitors are going on sale.  More »
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Activists gathering at Chevron’s annual meeting

Activists held a press conference and teach-in on Tuesday in San Franciso, and plan to protest outside the gates of Chevron headquarters during Wednesday’s meeting. Some will try to enter the meeting and address shareholders directly.  More »
Rig workers pause while mopping the decks on a Hercules rig. (Smiley N. Pool/Houston Chronicle)

SMU Report: Permitting delays & new regs stifling offshore drilling

The offshore drilling industry is still rebounding from a five-month moratorium and new regulations after the 2010 Gulf oil spill, with consumers paying the price at the pump, according to a new report out today.  More »