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

Oil Barrel

Oil slips back below $94 a barrel; pump price dips

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On Thursday, OPEC said in a report that it expects global demand for oil to increase by around 1 million barrels a day, up from an increase of 900,000 barrels a day in 2013.
Canadian Foreign Affairs Minister John Baird speaks at a U.S. Chamber of Commerce luncheon in Washington Thursday. (AP Photo/Cliff Owen)

Canada: Yes or no? Just make a call on Keystone XL

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President Barack Obama is expected to decide early this year.

The red-handled gas pump signifies 100 percent gasoline at the BG Jr. gas station in Vicksburg,  Miss. (AP Photo/The Vicksburg Evening Post)

Chain plans to offer E15 at 100 gas stations

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A gas station chain plans to offer the controversial E15 gasoline blend, which includes 15 percent ethanol, at up to 100 stations, the company said this week.
Categories: Biofuels, Transportation
Workers unload the first crude oil unit train to arrive at Jefferson Energy Companies' Jefferson Transload Railport facility at the Port of Beaumont in Orange County, Dec. 11, 2013.  (Mark Viator/Jefferson Energy Companies)

U.S. officials call for more safety for oil by rail

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The changes proposed are all voluntary.
(Photo: Flickr/Jhy Turley)

Report predicts 20 years of stable natural gas prices

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A new IHS report says it will require changes in policy and consumer sentiment to take full advantage of the nation’s plentiful and cheap natural gas.
Categories: Natural gas
Smoke and flames billow from a crude oil unit at the Chevron refinery in Richmond, Calif., Monday, Aug. 6, 2012. (AP Photo/ContraCosta Times, D. Ross Cameron )

U.S. safety board rejects overhaul of Calif. refineries

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The U.S. Chemical Safety Board rejected a proposed overhaul of California’s refinery safety practices – recently touted by its chairman after the 2012 Chevron refinery fire in Richmond, Calif., – saying the overly ambitious plan would do little to immediately improve safety and needs further study.
Categories: Accidents, General, Refining
(Photo: freegreatpicture.com)

FutureGen coal project gets key US Energy Department approval

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The U.S. Department of Energy has given the long-running FutureGen clean-coal project one of the final OKs it needs to start building.
Categories: Coal, Electricity, General