Rosneft Chief Executive Officer Igor Sechin (AP file photo/Alexander Zemlianichenko)

Russia’s oil tsar unbowed after BP breakdown

Deputy Prime Minister Igor Sechin, who this week saw the crowning achievement of his career as Russia’s energy tsar thwarted by rival businessmen, shows no sign of conceding defeat.  More »
Traders work on the New York Stock Exchange  (AP file photo/Mark Lennihan)

Oil company stock buybacks stoke tax-breaks debate

Oil majors have poured millions in recent years into share repurchase programs, which help increase the value of the companies’ stock. Critics say the practice undermines industry arguments that doing away with $21 billion in federal tax incentives over the next decade will jeopardize energy production and jobs.  More »
(AP Photo)

Lawyer wants Texas to stop paying for foreign smog

Houston is known as a smog factory, but wind-borne pollution from Mexico and other countries is partly to blame for our bad air. That means oil refiners, chemical makers and other heavy industries are spending billions on pollution controls to offset what’s blowing into the area from elsewhere, a Houston attorney says  More »
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Tim and Christine Ruggiero have filed suit over the natural-gas operations on four of the 10 acres they own in Wise County.

Nat gas feud pits prosperous N. Texans against energy industry *updated*

Natural gas drilling using hydraulic fracturing is spurring a growing conflict pitting some prosperous North Texas homeowners against energy companies drilling the Barnett Shale and its rich, millenniums-old vein of oil and natural gas encased in rock.  More »
A fire engine douses reactor number 3 of the Fukushima Dai-ichi nuclear plant in northern Japan on March 18, 2011. (Photo: Japanese Ground Self-Defense Force/AFP/Getty Images)

Tepco plans new system to cool reactors

Tokyo Electric Power said it aims to establish a water-circulation system to ensure continuous cooling of the spent-fuel pools at its stricken Fukushima Daiichi reactors by the end of July. (Via WSJ)  More »
A 40-watt-equivalent LED Bulb (Photo: Lighting Science Group Corporation)

Advanced bulbs get ready to step into the limelight

Two leading makers of lighting products are showcasing LED bulbs that are bright enough to replace the energy-guzzling 100-watt light bulbs set to disappear from stores in January. The new bulbs will be expensive — about $50 each – so the development may not prevent consumers from hoarding traditional bulbs.  More »
Iranian President Mahmoud Ahmadinejad sits for an interview with state-run TV. (AP Photo/Presidency Office, Rouzbeh Jadidoleslam, HO)

Iran rules Ahmadinejad can’t be oil caretaker

Mahmoud Ahmadinejad made clear this week that he was taking on the job of caretaker oil minister after firing the previous minister last week. In that role, Iran’s president planned to personally chair an OPEC meeting in Vienna in June since Iran holds the rotating presidency of the oil bloc.  More »
(Photo: Anadarko)

U.S. rig count holds steady

The number of rigs actively exploring for oil and natural gas in the U.S. was unchanged this week from a week ago, at 1,830.  More »
Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. Cheniere also plans to build export facilities. (Photo: Cheniere Energy)

Sabine Pass gets Energy Department approval for LNG export

Houston-based Cheniere Energy is one step closer to building a facility to turn domestic natural gas into a liquid for export to overseas markets. The project could mean up to 3,000 temporary jobs and up to 250 full-time positions.  More »
(Image: Next Media Animation)

Animators take on oil prices using rhymes and backup dancers

The digital tricksters who lampooned Tiger Woods’ worst day turn their attention to the commodity market in a foul-mouthed rap about what drives oil prices. It’s not safe for work, so view at your discretion.  More »
Ocean Courage, one of five ultra-deepwater units acquired by Diamond Offshore Drilling, Inc. since 2009.

Offshore drilling contractor beefs up fleet with $610M drillship

Diamond Offshore adds a fifth vessel to its growing ultra-deep-water fleet in a contract option with Houston-based Hyundai Heavy Industries.  More »
Trace Adkins performs at the Grand Ole Opry in Nashville, Tenn. The former drilling rig worker mentions offshore drilling in at least one of his songs. (Photo; Rick Diamond/Getty Images)

They just don’t write songs about the oil patch… or do they?

Did you hear the Lady Gaga song about drilling mud and well completions? No? That’s because there isn’t one. But there are other tunes out there that glorify, vilify and lament work in the oil patch.  More »