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.

Oil Barrel

Oil drifts above $94 ahead of US supply report

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The price of oil rose slightly Tuesday ahead of a U.S. supply report that is expected to show an improvement in demand.
Categories: Crude oil

Natural gas conversion center opens in Converse

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Houston-based Nat G CNG Solutions has opened its newest center in Converse. Nat G converts new and in-service vehicles to run on compressed natural gas, or CNG. The company also designs, builds and installs natural gas fueling stations for commercial and government clients. Nat G’s clients in the region include San Antonio-based Lewis Energy Group, […]
Categories: Uncategorized

Rigs in the Eagle Ford – and the rest of the U.S.

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There are 831 drilling rigs hunting oil and gas in Texas –  47  percent of U.S. rigs and 24 percent of drilling rigs worldwide, according to the latest Baker Hughes Rig Count. Most of the Texas rigs are working in five major fields. The Permian Basin in West Texas has the bulk of the state’s rigs (and more […]
Categories: Uncategorized
(Feng Yu/Fotolia)

Texas manufacturers criticize proposed changes to power grid

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Texas manufacturers are asking state regulators not to adopt a proposed modification to the state’s electricity market that would pay generators for keeping additional capacity available at peak times, saying the change would be costly to consumers and would dampen state growth.
Categories: Electricity
(Image: Fotolia)

Wall Street believes Iranian oil will return

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For now, oil traders see the U.S. deal to curb Iran’s nuclear program as the first step of many that could lead to the return of Iranian oil to the market – a prospect that’s sinking prices Monday.
Categories: Crude oil, Markets
Equipment is housed at National Oilwell Varco's distribution center in La Porte, Texas. (NOV)

New leader touts spinoff of NOV’s distribution business

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Splitting off from National Oilwell Varco will give a new distribution company more control of its cash as it plans to grow beyond its nearly $4 billion in revenues, the incoming CEO of the business said Monday.
Workers dig through rubble at the site of a pipeline explosion in Qingdao Development Zone, in Qingdao, east China's Shandong Province, Sunday, Nov. 24, 2013.  (AP Photo/Xinhua, Li Ziheng)

Sinopec’s pipeline blast may hurt reform, safety efforts

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An explosion at a China Petroleum & Chemical Corp. oil pipeline and the nation’s deadliest spillage since at least 2005 may threaten the government’s efforts to lure investment to state-controlled industries as President Xi Jinping called for improved industrial safety.
Categories: Accidents, Pipelines