Fuel Fix

A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Exxon’s 1Q profit drops as output, gas decline

Exxon Mobil Corp. said net income fell 11 percent as its biggest first-quarter production decline since 2008 countered oil prices above $100 a barrel.  More »
(Photo: NuStar Energy)

NuStar posts mixed earnings report

NuStar Energy LP said its net income applicable to limited partners fell 18 percent in the first quarter, missing analysts’ estimates.  More »
(AP file photo/Paul Sakuma)

Production rise helps Shell beat forecasts in Q1

Royal Dutch Shell PLC delivered forecast-busting first quarter earnings on Thursday as it benefited from higher oil prices, and said it is looking for ways to exploit the current low cost of natural gas in North America.  More »
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Supporters of a successful effort in 2012 to renationalize Argentina's largest oil company, YPF, wave flags. (AP Photo/Natacha Pisarenko)

Argentine Senate approves of YPF takeover

Argentina’s Senate on early Thursday approved the forced takeover of the YPF oil company from Spain’s Repsol.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Exxon streak of profit gains may have ended in 1Q

Exxon’s money-making machine could be slowing down a bit.  More »
A Statoil drilling rig. (Photo: Harald Pettersen/Statoil)

Norway’s arctic oil bonanza gets reality check in pipe limbo

Norway is grappling with how to turn last year’s oil and gas finds in the Arctic Circle into real money as the world’s seventh-largest crude exporter seeks to sustain output after more than 40 years of extraction.  More »
Gas is flared off from Petroleos Mexicanos offshore platforms producing oil in the Gulf of Mexico. (Photo: Susana Gonzalez/Bloomberg)

Mexico oil opening first time since 1938 shows revival

For the first time in 74 years, Mexico may allow private investment in its oil and gas, the third-largest reserves in Latin America.  More »
(Photo: AEI Services)

Chu says efficiency rules could cut need for power plants

U.S. Energy Secretary Steven Chu said tightening efficiency rules on appliances and industry could eliminate the need to build 200 new power stations.  More »
(AP Photo/Diamond Offshore)

Seismic testing hearings scheduled in Wilmington

The federal government is hearing from North Carolina residents on surveying for oil and natural gas off the Atlantic coast.  More »
Greek Defence Minister Panos Beglitis, left, and his Cypriot counterpart Dimitris Iliadis speak at a press conference Athens. Both defended Cyprus' legal right to drill for fossil fuels off its southern coast, despite Turkey's strong opposition. (AP Photo/Petros Giannakouris)

Turkey starts oil, gas search in north Cyprus

Turkey began exploratory drilling for oil and gas Thursday in the breakaway north of ethnically divided Cyprus, heightening a dispute over who is entitled to the Mediterranean island’s potential fuel riches.  More »
The Deepwater Horizon oil rig burns in the Gulf of Mexico on April 21, 2010. (AP file photo/Gerald Herbert)

Judge leans toward preliminary OK of BP settlement

U.S. District Judge Carl Barbier said during a hearing Wednesday in New Orleans that he plans to rule within a week.  More »
A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Exxon Mobil, Chevron raise their quarterly dividends

Exxon Mobil Corp. will now pay its shareholders $10.75 billion in dividends per year, according to Standard & Poor’s, up from $9 billion  More »