Fuel Fix

(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

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The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.

IEA: Oil glut could still grow in second half of 2016

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(Andrew Burton/Getty Images)
The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

People watch relief operations on July 7, 2013 in Lac-Megantic, Quebec, Canada, one day after a train derailment and subsequent explosion and fire.   Five bodies of victims have been recovered in Quebec from the catastrophic derailment of an oil-laden cargo train, but 40 people are missing and the toll is expected to rise, Canadian officials said.      (AFP PHOTO /  François Laplante-DelagraveFrançois Laplante-Delagrave/AFP/Getty Images)

Death toll grows in Canada oil train accident

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Hazardous conditions hindered firefighters’ attempts Monday to search for some 40 people still missing after a runaway oil tanker train exploded over the weekend, killing at least five people, officials said.
Categories: Accidents, Pipelines
(Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images)

Energy companies dominate Fortune Global 500

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Energy corporations dominate this year’s Fortune Global 500 list of the largest corporations in the world by revenue, with China’s oil and power giants rising in the ranks.
Categories: Finance/Earnings
Burnt buildings are seen following a train derailment causing explosions of railway cars carrying crude oil Sunday, July 7, 2013 in Lac Megantic, Quebec. (AP Photo/The Canadian Press, Paul Chiasson

Quebec disaster spurs rail-versus-pipelines debate on oil

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A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp. (TRP)’s Keystone XL.
A Google technician works to repair machines at a data center in Oregon. Google is investing in clean power as it tries to run its data centers completely on renewable energy. (Source: Google)

Google becoming big energy player

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Through more than $1 billion in investments and through large contracts for renewable power, Google has become the most significant player in the energy business outside of actual energy companies and financial institutions.
Categories: Solar, Wind
(construct/Flickr)

NRG renewable-energy unit seeking up to $411M through IPO

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A unit of NRG Energy Inc., the biggest independent U.S. electricity producer, plans to raise as much as $411 million through an initial public offering.
Categories: Finance/Earnings
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Total SA executives acquitted in Iraq oil-for-food trial

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A French court on Monday acquitted oil giant Total SA, its chief executives and a raft of former French officials of corruption-related charges linked to the scandal-ridden U.N. oil-for-food program for Iraq.
Categories: Europe, Legal issues
(AP Photo/US Coast Guard, File)

Judges skeptical of BP argument in fight over oil spill claims

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NEW ORLEANS — BP’s argument that businesses are getting an unfair windfall from its class-action Gulf oil spill settlement was met with skepticism Monday by a federal appeals court panel.
Categories: Gulf oil spill
Kuwaiti refinery barrels

Brent-WTI spread dips below $5 but analysts say it will grow

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International and domestic crude oil prices narrowed the price gap to less than five dollars last week, the tightest spread in three years, but many analysts predict that growing domestic production will cause the gap to again widen by the end of the year.
Categories: Crude oil

Drumbeat: July 8, 2013

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Quebec Disaster Spurs Rail-Versus-Pipelines Debate on Oil
A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp. (TRP)’s Keystone XL.

As au…

Categories: Uncategorized
Crewmen lower a pipe for TransCanada's Keystone XL project into the ground in Wood County, Texas. (Cody Duty / Houston Chronicle)

Obama’s Keystone approval could hinge on climate measures

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The final verdict on the Keystone XL pipeline rests with Obama administration officials in Washington, but the project’s fate may hinge on decisions made in Canada.
Categories: Canada, featured, Keystone XL
(AP Photo/Franklin Reyes)

Repsol delays first shale-gas project in Spain after frack ban

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Repsol SA (REP), Spain’s largest oil producer, delayed starting to explore for shale gas in the north, where a local government has outlawed drilling projects that use water-intensive hydraulic fracturing.
(Photo: Keoki Seu, Flickr)

Biofuel investments at seven-year low

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Europe’s biggest oil companies are scaling back work on the next generation of biofuels, a setback for the effort to create a gasoline substitute that doesn’t drain the food supply.
Categories: Biofuels