Fuel Fix

U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

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U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)
The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.
An oil tanker docks at a Chevron oil refinery in the San Francisco Bay. (Kimberly White/Bloomberg News)

The tanker market is sending a big warning to oil bulls

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A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.

Ultra Petroleum's Mike Watford

Oil industry group names new chairman

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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

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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

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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

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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

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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

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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
(File Photo by James Nielsen/Getty Images)

Court considers Enron in whistle-blower case

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The justices heard arguments in an appeal t by two former employees of companies that run the Fidelity family of mutual funds.