Fuel Fix

(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.

Wyoming oilmen diversify to survive the bust

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(Daniel Acker/Bloomberg)
Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

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The cut will save the company $450 million annually.
Smoke rises from railway cars that were carrying crude oil after derailing in downtown Lac Megantic, Quebec, Canada. The fiery explosion killed at least 47 people in Canada in July 2013. (AP Photo/The Canadian Press, Paul Chiasson, File)

Railway in Quebec train tragedy loses license

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Canada’s transportation agency says a U.S.-based rail company whose runaway oil train caused a fire and explosion that killed 47 people in a Quebec town has lost its operating license.
Categories: Accidents

Rigs in the Eagle Ford – and across the U.S.

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Texas has 849 drilling rigs searching for oil and gas – 47.8 percent of the rigs in the U.S. and 24.7 percent of all rigs worldwide, according to the latest Baker Hughes Rig Count. And the state is surrounded by drilling and production activity. Oklahoma has 168 rigs, Louisiana has 108 rigs, New Mexico has  
Categories: Uncategorized
(Photo: Mathijs B/Flickr)

Pipeline fire lights up sky in Illinois

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A fuel pipeline beneath a western Illinois cornfield has exploded, sending flames 300 feet into the sky and prompting dozens of evacuations.
Categories: Accidents, Pipelines
Pacific Drilling's Santa Ana drillship struck oil at Chevron's Coronado prospect in the Gulf of Mexico. (Pacific Drilling)

Fossil fuel production on federal lands drops

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Fossil fuel production on U.S. federal lands took another dip during fiscal year 2012, even as energy production nationwide soared to a record high, according to the U.S. Energy Information Administration.
Categories: Production
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

North Dakota oil boom seen adding costs for rail safety

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Crude oil shipped by railroad from North Dakota is drawing fresh scrutiny from regulators concerned that the cargo is adding environmental and safety hazards, something that analysts say could raise costs.
Categories: Crude oil, Natural gas
In a Friday, Aug. 15, 2003 file photo, the Empire State Building towers over the skyline of a blackout-darkened New York City just before dawn.  Power lines from Jersey City, N.J., are in foreground. Ten years after a blackout cascading from Ohio affected 50 million people, utilities and analysts say changes made in the aftermath make a similar outage unlikely today, though shifts in where and how power is generated raise new reliability concerns for the U.S. electric grid system. (AP Photo/File, George Widman, File)

Post-2003 blackout rules lead to millions in fines

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Regulators have imposed millions of dollars in civil penalties against energy companies that risk the dependability of the U.S. electrical grid since new rules following the 2003 Northeast blackout made such fines possible, including a record $25 million fine for a power failure in Florida.
A deal signed in May 2013 between Exxon Mobil Corp. and Qatar Petroleum International would add a liquefied natural gas export terminal to the existing Golden Pass import terminal in the Port Arthur community of Sabine Pass.

Markey: Step up security at Boston LNG terminals

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U.S. Sen. Edward Markey is asking President Barack Obama to order the U.S. Coast Guard to review security procedures for shipments of natural gas from Yemen to terminals near Boston.
Categories: LNG
(AFP PHOTO / CARL COURTCARL COURT/AFP/Getty Images)

Deadline set for responses to BP fraud allegations

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A federal judge has set an Aug. 26 deadline for court-supervised claims administrator Patrick Juneau to respond to BP’s allegations that it has uncovered new allegations of fraud and conflicts of interest inside a settlement program that has awarded billions of dollars to Gulf Coast businesses and residents.
(Steve Hockstein/Bloomberg)

Power companies urged to shield U.S. electric grid

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Power companies should be pressed by government to install technologies including smart meters and energy-storage devices to shield the electric grid from more frequent disruptions tied to weather, according to a study.
Categories: Electricity
A picture of Swedish furniture retailer Ikea in Germany.

Ikea to buy wind farm in Ireland from Mainstream Renewable

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Ikea Group, the world’s biggest home-furnishings retailer, plans to buy a wind farm in Ireland from Mainstream Renewable Power Ltd. as part of plans to invest $2.3 billion in wind and solar by 2015.
Categories: Wind
Google has invested $200 million in the Spinning Spur wind farm (source: Google)

Wind farm coming to Texas nuclear weapons plant

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America’s only plant for disassembling and assembling nuclear weapons will soon be home to the largest federally owned wind farm.
Categories: Wind

Three Nails in the Coffin of Peak Oil

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This post is based on a talk I gave as an “undistinguished speaker” to the American Association of Petroleum Geologists (AAPG) oil finders lunch in Aberdeen a few weeks ago. This will be one of my last posts on The Oil Drum. There should be enough con…
Categories: Europe