Fuel Fix

TNK-BP headquarters in Moscow (AP file photo/Misha Japaridze)

Steffy: BP throws in the towel on Russian joint venture

Just days after the latest management upheaval, BP said it intends to sell its 50 percent stake in its troubled Russian joint venture. In a short press release, the company said it received “unsolicited indications of interest” for its half of TNK-BP.  More »
T. Boone Pickens (Photo: Associated Press)

T. Boone Pickens talks money with Drake

Energy mogul T. Boone Pickens and rapper Drake don’t seem to have much overlap, but they do apparently when they are chatting money.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Energy industry optimistic about upcoming hurricane season

Hurricane season officially begins today, but the oil and natural gas industry is optimistic that the season will have only a minimal impact on operations in the Gulf of Mexico.  More »

Report: Salaries surging in oil and gas industry

As oil and gas companies expand operations across the country, demand for skilled workers has pushed salaries up 5 percent over the past year, according to a report by CSI Recruiting.  More »
(AP Photo/Mike Groll, File)

Fracking’s interstate pollution needs U.S. rules, scientist says

Air and water pollution from natural- gas and oil production using hydraulic fracturing moves across state lines, so the drilling should be regulated by the federal government, a Cornell University scientist said.  More »
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 »

Keystone plan avoids wetlands on Texas coast

An Army Corps of Engineers official said TransCanada submitted a new permit application.  More »

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 »