Fuel Fix

Cleanup of oil spill at ND farm to take 2 more years

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FILE - This Oct. 11, 2013 file photo shows cleanup at the site of an oil pipeline leak and spill near Tioga, N.D. (AP Photo/Kevin Cederstrom, File)
“It’s now just become part of our lives,” Patty Jensen said of the massive spill from a Tesoro Corp. pipeline that was discovered in September 2013 by her husband.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

A single oil rig was shut down last week, extending six month decline

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As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.

From left to right, Mark McCollum, chief financial officer of Halliburton; Dave Scullin, partner at Deloitte Services; and Gary Halverson, a vice president at Cameron International, speak at the Deloitte Oil & Gas Conference on November 19, 2013. (Emily Pickrell/Houston Chronicle)

Oil field services companies should show caution in deals, Halliburton exec says

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Halliburton plans to be an active dealmaker when the unconventional oil and gas sector consolidates, but will be selective about the potential opportunities, a senior executive said Tuesday at a Houston energy conference.
An Enterprise fractionator at its Mont Belvieu complex. (Enterprise Products Partners photo)

Enterprise Products Partners adds another Mont Belvieu unit

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Houston-based midstream partnership Enterprise Products Partners has begun operating the eighth natural gas liquids fractionator at its Mont Belvieu complex.
Categories: Natural gas liquids

(construct/Flickr)

Feds nab $14.2 billion from energy development

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The federal government collected a near-record haul in fees and royalty payments from oil and gas drilling on public lands and U.S. waters during the last fiscal year, the Interior Department announced Tuesday. All told, the federal government collected $14.2 billion from the activity; Texas’ share was $17 million.
(Image: Fotolia)

Chevron adversary says ‘juicy check’ for fees was a joke

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A Manhattan lawyer who’s spent his career battling Chevron Corp. over pollution in Ecuadorsaid he may collect as much $600 million in fees if his court victory in the South American nation is enforced.
Categories: Legal issues
(Image: Fotolia)

Oil’s future draws Blood and Gore in investment portfolios

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Bloomberg New Energy Finance says peak demand for fossil fuels could happen in 2030. The risk: Oil and coal companies worth more than $7 trillion may be sinking billions of dollars today into projects that will never make sense to finish.
Tesoro-Logo

Tesoro Logistics to buy assets, issue units

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Tesoro Logistics LP said Monday it will buy certain logistics assets in California from refiner Tesoro Corp. for $650 million in a deal that’s expected to close in the current quarter.
A model poses next to a Hyundai Tucson facelift on display at the Kuala Lumpur International Motor Show in Kuala Lumpur, Malaysia,  In 2014, Hyundai says it will starts selling Tucson SUV powered by a hydrogen fuel cell. It will be the first mass-market vehicle of its type to be sold or leased in the U.S. (AP Photo/Lai Seng Sin, File)

Hyundai to sell hydrogen-powered SUV in 2014

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For years, the joke in the auto industry was that a mass-produced car that runs on hydrogen was always a decade away. That will change next year when Hyundai starts selling a Tucson SUV powered by a hydrogen fuel cell.
Categories: Transportation