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.

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

Jury selection continues Tuesday in case against ex-BP engineer

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Jury selection began Monday for the Justice Department’s case against a former BP drilling engineer charged with deleting text messages and voicemails about the company’s response to its massive 2010 oil spill in the Gulf of Mexico.
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BP wins order stopping some spill payments

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“The district court erred by not considering the arguments on causation,” an appellate panel said.
Categories: Gulf oil spill

(AP Photo/Lynne Sladky)

Chevron resumes search for shale gas in Romania

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Thousands of people have rallied across Romania in recent months to protest against government support for shale gas exploration.
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Valero unit launches IPO

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Valero Energy Partners LP expects the IPO price for the master limited partnership will be between $19 and $21 per common unit, which would raise between $285 million and $315 million, according to documents filed Monday with the Securities and Exchange Commission.
(Image: Fotolia)

Oil rises on manufacturing numbers from U.S., China

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Benchmark U.S. crude rose 1.2 percent to $93.82.
Categories: General
Brazil's President Dilma Rousseff, right, embraces Brazil's Petrobras President Graca Fortes, during the signing ceremony for the first contract of Brazilian Pre-Salt oil camp, at the Planalto presidential palace, in Brasilia, Brazil, Monday. Brazil has just signed a contract with a consortium of four foreign companies and one Brazilian, for the extraction of its largest oil field to date. (AP Photo/Eraldo Peres)

Brazil signs agreement with oil consortium

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President Dilma Rousseff says the signing establishes “the basis for a more just and less unequal nation.”
Categories: Latin America
(Alexander Klein/AFP via Getty Images)

OPEC inaction masks looming supply glut in 2014

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Even with OPEC forecast to keep its output quota unchanged at a meeting this week, falling oil demand and prospects for increased supply from some member states mean the group’s leader, Saudi Arabia, will have to cut production anyway.
Categories: Crude oil, Middle East