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.

The Dallas Fed talks oil patch

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The latest Beige Book from the Dallas Fed is out, and here’s what it says on everything having to do with the oil field. On the labor market – it’s a good time to work in at refining and petrochemical plants: “Refining and petrochemical contacts reported extreme difficulty finding engineers and construction laborers for current […]
Categories: Uncategorized

Alamo Colleges, Weatherford team up for Eagle Ford jobs training

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Weatherford U.S., LP is partnering with Alamo Colleges to provide job training through a $1.5 million grant from the Texas Workforce Commission. The grant will be used for technical training for 673 new oil field workers. Those trained to operate oil field equipment will include field engineers, operators, technicians and mechanics. Texas Workforce Commission Chairman […]
Categories: Uncategorized

(StockMonkeys.com/Flickr)

BP investors can’t sue as group over losses, judge says

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BP ’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.
(Image: Fotolia)

Judge suspends BP spill payments to businesses

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A federal judge has temporarily suspended BP oil spill settlement payments to businesses while he reconsiders the company’s arguments against compensating those that cannot trace losses directly to the nation’s worst offshore oil spill.
(AP Photo/Lisa Poole, File)

Phillips 66 plans 40 percent hike in annual spending

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Phillips 66 said Friday it is planning to spend $2.7 billion next year to expand its midstream and chemicals businesses, as its once most lucrative business – petrochemical refining – has fallen on hard times.
Categories: Refining
Andrew Gould, chair of BG Group and former CEO of Schlumberger, spoke to the IIT 2013 Global Conference in Houston.

Gould: National oil companies benefiting from experience of service firms

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National oil companies are successfully leveraging the experience of oilfield service companies, a former Schlumberger executive told a Houston audience Thursday morning.
Categories: Oil field services
(Image: Fotolia)

Oil rises after strong employment report

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Oil finished the week with a gain of more than 5 percent.

Categories: Crude oil