Fuel Fix

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

Former BP engineer says deleted texts were routine

Defense attorneys say the vast majority of deleted texts don’t appear to have any connection to Mix’s work on BP’s effort to stop the flow of oil from its blown-out Macondo well.  More »
A Chinese man holds up oil residue found in his shrimp farm in the coastal Leting county in the Bohai Bay near northern China's Hebei province. China's oceanic agency has ordered ConocoPhillips China to do more to prevent and clean up offshore spills that occurred June 4 and June 17, 2011 in the Bohai Bay that have raised an outcry among fishermen and environmentalists. (AP Photo)

Chinese fishermen sue ConocoPhillips over spills

The lawsuit was filed Monday in Houston federal court. It seeks unspecified damages for the fishermen.  More »
An oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)

Oil falls on weaker U.S., China data

Oil fell by $1.21 to end the day at $83.75 per barrel.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Drilling safety mandates on the way

The federal government is on track to soon issue a final set of standards meant to boost the design and cementing of offshore wells in the wake of the Deepwater Horizon disaster two years ago. When it comes out, the final drilling safety rule will tweak existing mandates issued in October 2010 in response to the lethal blowout of BP’s Macondo well in the Gulf of Mexico.  More »
(Image: Fotolia)

A spill settlement could leave Halliburton cash for buybacks

If oil field services company Halliburton reaches a settlement with the federal government for alleged Clean Water Act violations in the 2010 Gulf of Mexico oil spill, it may have cash leftover to buy back stock and boost its share value, an analyst says.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko Gulf spending to be backed by $556 million investment

And anonymous investor is providing more than half a billion dollars to cover Anadarko Petroleum Corp.’s capital expenditures developing the Lucius oil and gas development in the deep-water Gulf of Mexico.  More »
KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

Federal budget cuts could hit energy companies

Houston energy companies could be among those hit hard by more than $800 million in upcoming federal budget cuts.  More »

Heritage Oil buys stake in Nigerian field from Shell, Total

Heritage Oil Plc bought a stake in Nigerian oil fields from Royal Dutch Shell Plc and Total SA for $850 million to bolster production.  More »
Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. (Photo: Cheniere Energy)

Lawmakers: Speed up natural gas exports

Lawmakers from areas rich in shale gas bounty worry that a boom in drilling is jeopardized by low natural gas prices. The answer, they say, is exporting liquefied natural gas.  More »
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Carlyle, Sunoco agree to joint venture for refinery

Sunoco Inc. (SUN) and Carlyle Group agreed to form a joint venture to keep the oldest continually operating refinery on the U.S. East Coast open.  More »
This 300-foot derrick is on the Kulluk, a drilling rig sailing toward Alaska. Shell has sued environmental organizations that oppose its Arctic drilling plans. Photo: Jennifer A. Dlouhy / HC

Shell moves to pre-empt Arctic drilling challenges

During Shell’s seven-year, $4.5 billion quest to search for oil under Arctic waters, environmentalists have put the company on the defensive by challenging government-issued drilling approvals and permits in federal court.  More »
(Photo: BFS Man)

Steffy: Peril dead ahead for power market

With each passing day of summer, the deregulated electricity market looks more like the Titanic.  More »