Fuel Fix

Interior Secretary Ken Salazar officiates as Retired Rear Adm. James Watson is sworn in as director of the Bureau of Safety and Environmental Enforcement, with his wife Anne Watson, holding a Bible. (Photo: Tami Heilemann/Interior Department)

Watson: The lessons we learned from Deepwater disaster

Two years ago, as the crew of the Deepwater Horizon drilled into a massive new oil find deep under the Gulf of Mexico, the seemingly unthinkable happened: One of the most technologically advanced drill rigs in the world, valued at $560 million and commanded by professionals and engineers with decades of training, exploded and sunk after a series of catastrophic failures.  More »
BP's Atlantis platform in the Gulf. (BP image)

The Atlantis documents that BP didn’t want anyone to see

Last week, I wrote about the documents that have finally been made public in a court case over BP’s Atlantis platform in the Gulf of Mexico:  More »
Eleven wooden crosses have been erected on the beach in Grand Isle, La., bearing the names of 11 men who died in the Deepwater Horizon disaster two years ago. / HC

Steffy: 11 deaths refute offshore drilling safety myths

The wooden crosses rise from the beach in Grand Isle, La., each bearing the name of one of the men who died 40 miles offshore two years ago.  More »
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A sign tower reaches toward the sky at the entrance to Schlumberger's Sugar Land campus. (AP file photo/Pat Sullivan)

Schlumberger 1Q profits jump 37.8 percent

Oil services giant Schlumberger Ltd. says profits jumped 37.8 percent in the first quarter thanks to strong drilling activity in the Gulf of Mexico, north Africa and the Middle East.  More »
People fill the tanks of their vehicules at an YPF station in Buenos Aires, Argentina,  Thursday, April 12, 2012. Spanish Industry Minister Jose Manuel Soria  has warned that the government will interpret any "hostile gestures" against Spanish companies abroad as an act of aggression, in an apparent reference to a conflict with Argentina over an oil company controlled by Spain's Repsol. YPF,  which is 57 per cent owned by Repsol,  has rejected Argentine government pressure to plough some of its profits back into the South American country.(AP Photo/Natacha Pisarenko)

Repsol required to buy Eskenazi YPF Stake

Spain’s Repsol YPF SA (REP), whose YPF unit was nationalized by Argentina this week, agreed in 2008 to buy back the Eskenazi family’s shares in that oil company in the event that Repsol loses majority control.  More »
Total's Port Arthur refinery (Dave Ryan/Beaumont Enterprise)

Total talks with Argentina about boosting natural-gas output

France’s Total SA (FP), Europe’s third- largest oil producer, is in talks with Argentina about increasing natural-gas supplies by more than 5 percent after the country took control of YPF SA in a dispute over crude output.  More »
A worker repairs an oil pipeline at Rumaila oil fields, near the southern city of Basra, Iraq, Sunday, Oct. 9, 2011. A pair of bombs struck two oil pipelines on Friday in southern Iraq, causing a temporary cut in production at the country's largest oil field, officials said Saturday. (AP Photo / Nabil al-Jurani)

Iraq plans to start second offshore crude export facility today

Iraq will begin operating a second offshore mooring facility for crude exports from the Persian Gulf, Dhia Jaafar, director general of Southern Oil Co., said.  More »
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

TransCanada started Keystone pipe after shutdown

TransCanada Corp. (TRP) started the 590,000 barrel a day Keystone pipeline yesterday after it was shut to retrieve an inspection device.  More »
A drilling rig in Pavillion, Wyo., used to drill a deep water well for testing. (Photo: EPA).

EPA resumes groundwater testing in Pavillion area

The U.S. Environmental Protection Agency and other agencies have begun a new round of water sampling in the area of a Wyoming gas field where the EPA says hydraulic fracturing may have caused groundwater pollution.  More »
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total to drill relief well at Nigeria gas leak

French oil firm Total SA says it will drill a relief well to stop a natural gas leak at a plant in Nigeria’s oil-rich southern delta.  More »
(Photo: Fotolia)

Oil rises to near $103 amid uneven US recovery

Oil prices rose to near $103 a barrel Friday in Asia amid signs the U.S. economic recovery remains uneven.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

Industry’s progress on offshore safety still draws skepticism

Two years after the Gulf of Mexico spill, the oil and gas industry continues to pour millions of dollars into efforts aimed at actually boosting offshore safety and at convincing regulators and the public that it can police itself.  More »