Under pressure, Iran president names new oil chief
A day after Iran’s parliament voted to take Mahmoud Ahmadinejad to court for taking over the oil ministry, the president handed the job to Mohammad Aliabadi, former head of Iran’s national Olympic committee, vice president in charge of physical education and head of the country’s fishery organization. More »
4 killed in blast at Chevron’s Wales refinery *updated*
An explosion in a storage tank caused a fire at Chevron’s Pembroke oil refinery in west Wales Thursday, killing four contractors and seriously injuring another worker. More »
Commodities Corner: OPEC’s ‘ordinary’ meeting won’t be routine
The regularly-scheduled meeting of the Organization of the Petroleum Countries next week will be anything but routine for the oil market — even if members officially decide to do nothing to the cartel’s production levels. (Via MarketWatch) More »
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Shell says delays in Arctic drilling ‘highly unusual’
Blocked for about four years from developing several leases offshore Alaska, the supermajor says slow action from regulators undermines confidence in the federal government’s offshore program. More »
Petronas makes $1B deal with Progress Energy for Canadian gas fields
The agreement gives Malaysia’s state-owned oil company a 50 percent share in three fields in British Columbia. Petronas will fund 75 percent of field development costs for the next five years and will explore an LNG terminal to export the fuel to Asia. More »
Chevron bears down in Gulf, pressured by new rules
Chevron plans a prodigious increase in world-wide output by 2017, even as it navigates an array of new regulations that have slowed oil drilling in the U.S. Gulf of Mexico, one of its main theaters of operation. (Via W$J) More »
Texas to feds: Hands off hydraulic fracturing oversight
“It would be a big mistake” for federal regulators to assume oversight of drilling for natural gas, Texas Railroad Commission Chairman Elizabeth Ames Jones said today on the sidelines of a U.S. Energy Department meeting in Washington, D.C. More »
Oil settles at $100 on weakened dollar
Crude advanced 11 cents as the euro extended gains following an announcement by Moody’s Investors Service that it may place the U.S. government’s rating under review for possible downgrade. Oil fell earlier after a government report showed an unexpected increase in inventories to the highest level in two years. More »
Former Enron prosecutor to take top White House job
Kathy Ruemmler helped prosecute former Enron executives Ken Lay and Jeff Skilling. Now she’ll be the top legal adviser to President Barack Obama. More »
Texas gasoline prices slip 7 cents, but consumers still feel pain
The average price per gallon in the state fell for the third straight week, to $3.63 a gallon on Thursday. But Texans say every additional dollar they put in the tank means one less to spend elsewhere. More »
Pickens lays out constitutional – and conservative – case for Nat Gas Act
Conservative critics have called T. Boone Pickens’ plan for advancing natural-gas-powered vehicles a boondoggle. Today, he fires back with an argument that the legislation is good for the economy and that the founding fathers would approve. More »
Southern Co. CEO: Cyber security necessary for smart grid to succeed
An advanced electricity grid could allow customers to automatically charge electric cars or run big appliances when energy prices are cheap, Southern CEO Tom Fanning said. But that means information would have to be sent over the grid, creating opportunities for a hacker to disrupt the system. More »
April 26, 2013
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