Fuel Fix

Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Exxon, Chevron clear to bid on Mexican shallow-water blocks

on
Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.

Exxon, Chevron clear to bid on Mexican shallow-water blocks

on
Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)
Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.
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)

Cleanup of oil spill at ND farm to take 2 more years

on
“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.

American Petroleum Institute chief economist John Felmy. (Mayra Beltran / Houston Chronicle)

Economist: Exports will have moderate effect on US natural gas price

on
The chemical industry fears exporting liquefied natural gas will increase the price of gas it buys, but U.S. producers could start pumping a lot more natural gas if international markets opened up, and that should keep prices down, John Felmy, chief economist for the American Petroleum Institute, told Fuelfix on Tuesday.
Categories: LNG, Natural gas
Ultra Petroleum's Mike Watford

Oil industry group names new chairman

on
Houston’s Mike Watford, head of Ultra Petroleum, has been elected chairman of the Independent Petroleum Association of America.
Categories: Crude oil

Robert Malsom checks corn in one of his fields near Roscoe, S.D. Malsam nearly went broke in the 1980s when corn was cheap. So now that prices are high and he can finally make a profit, he's not about to apologize for ripping up prairieland to plant corn. (AP Photo/Doug Dreyer)

Prairies vanish in the US push for green energy

on
The United States’ ethanol policy, intended to reduce global warming, is encouraging a farming practice that actually could worsen it.
Categories: Biofuels, Environment
(Image: Fotolia)

Oil near $93 after sharp fall as high supply eyed

on
Oil hovered above $93 a barrel Wednesday after a sharp plunge the day before in anticipation of high U.S. crude supplies.
Categories: Crude oil
The Bahamas-registered Prestige oil tanker breaks in two pieces before sinking some 150 miles (241 kilometers) off Spain's coast in the Atlantic ocean. A Spanish court on Wednesday Nov. 13, 2013 acquitted three people charged over the sinking of the Prestige oil tanker off Spain's northwestern coast 11 years ago that triggered one of Europe's biggest environmental catastrophes after finding no criminal responsibility in the sinking and absolved the three defendants. (AP Photo/Avion Polmar II, File)

Spanish court acquits accused in tanker disaster

on
A Spanish court has acquitted three people charged over the sinking of the Prestige oil tanker off Spain’s northwestern coast 11 years ago that triggered one of Europe’s biggest environmental catastrophes.
Categories: Accidents, Europe
(Victor Dubreuil)

Nigerian lawmakers to probe Swiss oil fraud

on
Nigerian lawmakers say their country’s oil business must be investigated after an international watchdog group alleged that Nigerian and Swiss traders may be complicit in defrauding the Nigerian public of billions of dollars.
Categories: Africa
David Cowart of Mandiant speaks at the API Cybersecurity Conference in Houston on November 12, 2013.

Energy companies are stingy on cyber intelligence

on
Oil and gas companies continue to be at a disadvantage when facing cyberattacks because they are not sharing information about incidents, experts said Tuesday at the American Petroleum Institute Cybersecurity Conference & Expo in Houston.
Categories: Safety/Security