Fuel Fix

U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)
The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.
An oil tanker docks at a Chevron oil refinery in the San Francisco Bay. (Kimberly White/Bloomberg News)

The tanker market is sending a big warning to oil bulls

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A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.

(Norm Betts/Bloomberg)

Canada wages soar 60% higher than US amid labor shortage

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Energy companies trying to raise almost $50 billion for Canada’s first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them.
Categories: Canada, LNG, Workforce
John Podesta, shown in 2009. (AP Photo/Eric Jamison, File)

Keystone foe John Podesta joins Obama inner circle

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John Podesta’s return to the White House places an opponent of the Keystone XL pipeline within President Barack Obama’s inner circle as the administration weighs whether to approve the project.

Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in Houston in 2012. (AP Photo/Pat Sullivan, File)

Judge denies mistrial request in spill case

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A New Orleans judge ordered jurors to disregard some testimony, but declined to declare a mistrial in the case of a former BP drilling engineer from Katy who is accused of obstruction of justice in the aftermath of the 2010 Gulf of Mexico oil spill.
(Image: Fotolia)

Oil rises above $98 on hopes for greater demand

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The price of oil rose Tuesday amid optimism over an improving U.S. economy and encouraging data from China.
Categories: Crude oil, Markets
Sapphire Energy's algae farm in Columbus, N.M.(Sapphire Energy)

Green oil? Phillips 66 strikes a deal to develop it

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A small San Diego company is teaming up with the largest U.S. oil refiner to bring an algae-based crude closer to market.
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

‘Groundbreaking’ Mexico energy overhaul would end Pemex monopoly

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Mexico’s energy sector has been largely sealed off from foreign investment for the better part of a century, but historic legislation, proposed over the weekend, may change that.
Categories: Latin America, Premium
(AP Photo/Toby Talbot, File)

Renewable energy to soar on Texas grid, report says

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Renewable energy could supply more than 40 percent of the electricity for Texas by 2032, according to a report issued Tuesday.
Categories: Electricity