Fuel Fix

The location of the Kashagan field in the Caspian Sea (Image: Uwe Dedering)

Iran finds its first Caspian Sea oil for more than a century

Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported.  More »
Money Roll

Shell shareholders advised to oppose CEO’s pay

Royal Dutch Shell Plc (RDSA)’s shareholders were urged by corporate-governance adviser Pensions and Investment Research Consultants to block a pay increase being awarded to Chief Executive Officer Peter Voser, the Sunday Telegraph reported, citing a report by PIRC.  More »
This oil drilling platform, known as ``Mr. Charlie, '' was the first mobile offshore rig. It is now part of an oil industry museum in Morgan City, La. (Photo: Handout)

Offshore inspectors use Mr. Charlie

Federal regulators are using a historic drilling rig in Morgan City as a classroom for new inspectors.  More »
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The Wednesday, March 28, 2012 aerial shot provided by Greenpeace shows Total's Elgin Wellhead Platform in the North Sea off the shore of Scotland. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. Photo: Martin Langer / Greenpeace

Total to put staff back on North Sea platform

The French oil company Total says it is preparing to put staff back on a North Sea platform after confirming that a gas leak has been stopped.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

Chesapeake directors cut their pay amid criticism

Chesapeake Energy Corp’s board of directors will take a 20 percent pay cut and will no longer use the company’s private jet, according to a company announcement Friday. The board voted to cut its own pay and limit its access to the jet after consulting with an “independent compensation adviser,” according to the company statement. […]  More »
In this photo provided by NOAA Okeanos Explorer Program, a well preserved shipwreck, roughly 200 years olf, is seen about 200 miles off the coast of La., at a depth around 4,000 feet, in the Gulf of Mexico, Friday, April 26, 2012. Clearly visible on the bow are lead draft marks, Roman numerals VI and VII, which were used to indicate how the ship was loaded. (AP Photo/NOAA Okeanos Explorer Program)

200-year-old shipwreck found in Gulf of Mexico

An oil company exploration crew’s chance discovery of a 200-year-old shipwreck in a little-charted stretch of the Gulf of Mexico is yielding a trove of new information to scientists who say it’s one of the most well-preserved old wrecks ever found in the Gulf.  More »
(Photo: Brian Snelson)

Repsol: Exploratory oil well off Cuba comes up dry

Spanish oil company Repsol says an exploratory well it drilled off Cuba is unsuccessful and will be abandoned.  More »
Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Court denies request to rethink pipeline ruling

A state appeals court has refused to reconsider a decision that lets Calgary-based TransCanada avoid paying nearly $19 million in property taxes for 2011.  More »
Photo shows the remains of 2012 Fisker Karma after a fire engulfed the vehicle last week.(Courtesy of Johnson, Trent, West & Taylor law firm)

Fisker Karma fire in Texas garage being probed by NHTSA

U.S. auto-safety regulators are investigating a Texas garage fire that destroyed a Fisker Automotive Inc. Karma, a $103,000 plug-in electric vehicle.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

IEA says no imminent plans to release emergency oil stockpiles

The International Energy Agency has no definite plan to release fuel from its emergency reserves, according to the head of its oil industry and markets division.  More »
(Photo: Brian Turner/Flickr)

Range Resources sues homeowner over YouTube of flaming well

Steven Lipsky shot video of methane- fueled flames shooting from a hose hooked up to his well in Weatherford, Texas, and sent it to Sharon Wilson, a blogger who posted it on YouTube. And he hired Alisa Rich to test the water in his well and alert the U.S. Environmental Protection Agency.  More »
The Ocean Prospector sits in the Galveston Harbor. (Photo: Courtesy of Plant Recovery Company)

World’s first semisubmersible drill rig getting back to work

After being out of commission for 14 years, the world’s first self-propelled semisubmersible drilling rig is looking to get back into the offshore business.  More »