Fuel Fix

In this Dec. 17, 2014 photo, workers tend to oil pump jacks behind a natural gas flare near Watford City, N.D. Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies. (AP Photo/Eric Gay)

U.S. oil output still barreling toward 45-year record

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U.S. oil production edged down in May and will likely continue swooning until early next year as plunging crude prices continue to pummel domestic producers, according to a new federal report.

U.S. oil output still barreling toward 45-year record

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In this Dec. 17, 2014 photo, workers tend to oil pump jacks behind a natural gas flare near Watford City, N.D. Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies. (AP Photo/Eric Gay)
U.S. oil production edged down in May and will likely continue swooning until early next year as plunging crude prices continue to pummel domestic producers, according to a new federal report.
Low clouds blanket Anchorage, Alaska, east of downtown, on Friday morning, December 7, 2012. An optical illusion known as Fata Morgana distorts the view of the mountains west of Cook Inlet. Alternating warm and cold layers of air bend light to create the effect. (Marc Lester/Anchorage Daily News/MCT)

Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

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The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.
Categories: featured, General

Anthony Badalamenti leaves Federal Court in New Orleans, Tuesday, Jan. 21, 2014. (AP Photo/Gerald Herbert)

Halliburton manager from Katy sentenced in Gulf spill case

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A former Halliburton manager has been sentenced to one year of probation for destroying evidence after BP’s massive 2010 oil spill in the Gulf of Mexico.
White House adviser John Podesta speaks at an energy summit in 2009, when he headed the Center for American Progress. (AP Photo/Eric Jamison)

White House adviser rebukes environmentalists

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White House adviser John Podesta gently chided environmental groups for criticizing the Obama administration’s “all-of-the-above” energy plan and stressed that the president has led a transition toward cleaner power sources.
Categories: Politics/Policy

A drilling rig works the Marcellus shale in Houston, Pa.  (AP file photo/Keith Srakocic)

Unlikely partners launch new attempt on fracking standards

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A hotly debated partnership between major oil and gas companies and some environmental groups moved forward Tuesday, almost a year after it was first announced.
Categories: General
(Eddie Seal/Bloomberg)

How America’s fracking boom helps boost treasuries demand

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With the U.S. economy relying less on oil and gas imports than at any time in two decades, energy expenses for Americans have fallen and cut into inflation more than any other living cost in the past year, according to data compiled by the Labor Department.
(Eddie Seal/Bloomberg)

Halliburton income rises on Middle Eastern drilling

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Increased oil company spending on well completions drove Halliburton Co.’s profits up 19 percent million in the fourth quarter as Middle Eastern and Asian markets continued to see high drilling activity, the company reported Tuesday.
(Photo: Ed Yourdon, Flickr)

Super Bowl organizers seek to avoid another power debacle

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Power failures have plagued at least four high-profile sports games including the Super Bowl since 2010, dimming the glow of good feelings such events are supposed to generate for their host cities.
Cars wait in the snow at a Congress Street intersection in Boston, Mass.  (Scott Eisen/Bloomberg)

Bullish gasoline bets slump as cold blast chills demand

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Hedge funds reduced bullish bets on gasoline by the most since June as stockpiles surged to an 11-month high before a cold blast that probably will curb demand in the U.S. Midwest and Northeast.
Categories: Gasoline, Weather