Fuel Fix

Petroleo Brasileiro SA Chief Executive Officer Maria das Gracas Silva Foster takes over as Brazil's government-controlled oil giant faces slowing production growth and a cooling economy. Douglas Engle/Bloomberg

Petrobras first female CEO is Rousseff’s response to delayed oil

As Maria das Gracas Silva Foster took over as chief executive officer at Petroleo Brasileiro SA (PETR4), she couldn’t help giving a shout-out to two forces that have shaped her life.  More »
(AP file photo/Alastair Grant)

BP considers selling its stake in TNK-BP

British oil giant BP said Friday it could sell its 50 percent stake in its Russian joint venture TNK-BP, which could fetch at least $15 billion.  More »
Participating in Thursday's celebration, L-R: Royal Dutch Shell CEO Peter Voser, Motiva CEO Bob Pease, Saudi Aramco CEO Khalid Al-Falih. Motiva is a joint venture of Shell and Aramco. Photo: Gary Barchfeld/Motiva

Shell CEO says natural gas fuels won’t compete with Port Arthur refinery anytime soon

Shell is working on ways to make liquid transportation fuel from natural gas, but on Thursday it was showing off the expanded Motiva oil refinery in Port Arthur, a joint venture with Saudi Aramco.  More »
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Keystone plan avoids wetlands on Texas coast

An Army Corps of Engineers official said TransCanada submitted a new permit application.  More »
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Motiva celebrates completion of big refinery expansion in Port Arthur

Motiva, a joint venture of Saudi Aramco and Royal Dutch Shell, celebrated a $10 billion expansion of its Port Arthur refinery that doubled its capacity and makes it the largest U.S. refinery.  More »
Gas prices are displayed at a Hess station in Hoboken, N.J. The price of oil has declined to its low for the year on continued doubts about Europe's ability to pay off massive government debts. Benchmark U.S. crude lost $1.57 to $94.56 per barrel in New York. It dipped to $93.65 per barrel earlier Monday, May 14, the lowest since mid-December. (AP Photo/CX Matiash)

Oil drops on disappointing U.S. economic data

The government reported U.S. oil supplies grew more than expected last week.  More »
(Photo: Fotolia)

UN study foresees job gains with greener policies

Some 15 million to 60 million jobs could be created worldwide over the next two decades if nations took better care of the planet, according to a U.N. study released Thursday ahead of an international summit on sustainable development.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache shareholders back annual board elections

Apache Corp.’s shareholders overwhelmingly supported a proposal calling for annual election of directors that the company’s management fought to keep off the agenda at last week’s annual meeting.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron sued in Canada by Ecuadorans over pollution

Ecuadorans who have waged a bitter legal battle against Chevron over pollution in the Amazon rain forest sued the company in Canada Wednesday in an attempt to seize $18 billion of the oil giant’s assets, after Chevron refused to pay a verdict against it in their homeland.  More »
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BP’s Wash. refinery back to work after Feb. fire

A BP refinery in Washington state that shut down after a February fire has resumed normal operations.  More »
Gas prices are expected to hold steady in Texas over the holiday weekend. (AP Photo/Alex Brandon)

Americans gripe about gasoline prices as summer driving begins

How do you feel about gasoline prices?  More »
Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, 340 miles southeast of Baghdad. (AP photo: Nabil al-Jourani)

Only 3 of 12 lots sold in Iraqi energy auction

Iraq’s government signed deals for only three of 12 oil and natural gas exploration sites offered in a two-day energy auction that ended Thursday, reflecting reluctance of foreign bidders to risk money in unexplored areas.  More »