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.

Egypt’s Morsi calls elections in April

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President hopes election will help restore stability in the country, which has suffered severe economic deterioration and often violent protests
Categories: Uncategorized

Death toll rises in Indian bomb attack

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At least 14 people have been killed and scores injured in two, near-simultaneous, blasts in a crowded Hyderabad neighbourhood, say officials
Categories: Uncategorized

Shanghai starts search for its heritage

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The city is starting to move beyond a 30-year love affair with modernity and preserve what remains of its architectural heritage
Categories: Uncategorized

Brussels turns up pressure over Libor

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Banks face fines of up to 30% of their total revenues as the European Commission warns financial institutions over antitrust issues
Categories: Uncategorized

Citi unveils pay plan for executives

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Citigroup unveils pay plan for senior management under which more remuneration will be tied to preset goals and targets set by the bank
Categories: Uncategorized
Shell's Kulluk drilling rig, shown under tow in January 2013 after running aground in Alaska, must go to Asia for repairs.

Coast Guard lifts detention order for Arctic drilling rig

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Shell’s once-grounded Arctic drilling rig is now free to begin its long trek to an Asian shipyard for repairs, with the Coast Guard’s decision Thursday to lift a detention order that has been keeping the vessel in Alaska’s Kiliuda Bay.
Categories: Arctic
This image taken Nov. 17, 2011, and released by Chevron, shows an aerial view of vessels in the cleanup of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil.  (AP Photo/Ibama)

Brazilian court drops criminal charges against Chevron, Transocean

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A Brazilian federal court has dismissed criminal charges filed last year against Chevron Corp., driller Transocean Ltd. and several of their executives in connection with a 2011 oil spill off the coast of Rio de Janeiro.

Categories: General

Relief over HP results buys Whitman time

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Company’s shares rise in after-market trading on Thursday, with investors relieved that decline in revenue and earnings was not more severe
Categories: Uncategorized
An oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)

Oil snaps 2 days of losses, has modest gain

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Crude for April delivery rose 29 cents to $93.13.
Categories: Crude oil

Fed’s comments rattle markets

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Stocks sell off as Fed minutes spark concerns US central bank could slow its bond-buying programme
Categories: Uncategorized
A oil transit pipeline runs across the tundra on Alaska's North Slope. (AP Photo/Al Grillo, File)

Salazar signs management plan for Alaska reserve

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A management plan for the vast National Petroleum Reserve-Alaska splits an Indiana-size area roughly in half between conservation areas and land available for petroleum development, and allows pipelines carrying oil or gas to be constructed through the reserve.
Categories: Arctic

Oracle races to plug holes in Java

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Vulnerabilities in the software has left its owner racing to plug what have come to be seen as the biggest holes in the defences of PCs and smartphones
Categories: Uncategorized
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon Oil’s big Eagle Ford plans

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The Eagle Ford will make up an increasing share of the company’s domestic production, from about 18 percent last year to about 40 percent in 2013.
Categories: Eagle Ford

ECB unveils €1.1bn profit on crisis bonds

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Debt bought under the now-defunct Securities Markets Programme, which was designed to calm financial market fears of a eurozone break-up
Categories: Uncategorized

CFTC sues Nymex over information leaks

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Lawsuit reflects growing push by regulators to hold exchange operators responsible for alleged misconduct
Categories: Uncategorized