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.

Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. (Photo: Cheniere Energy)

Cheniere ready to talk about gas from Corpus Christi

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Cheniere Energy has reached a major milestone that will allow it to begin negotiating new contracts to export liquefied natural gas from Corpus Christi.
Categories: Natural gas

Baker Institute Turns 20 Amid Great Success: Saluting The Honorable James A. Baker, III

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The Baker Institute is celebrating its 20th anniversary tonight and there is much to be proud of. The Baker Institute study “Re-engaging the Israelis and the Palestinians: Why An American Role in Initiating Israeli and Palestinian Negotiations is Necessary and How It Can Be Accomplished”http://bakerinstitute.org/research/re-engaging-the-israelis-and-the-palestinians-why-an-american-role-in-initiating-israeli-palestinian/ has made a major contribution to the peace process, with […]
Categories: General

A Petronas logo is seen near its twin towers in Kuala Lumpur, Malaysia.  (AP file photo/Lai Seng Sin)

Talisman sells assets to Petronas for $1.4 billion

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Talisman Energy, the Canadian oil and natural gas producer being targeted by investor Carl Icahn, agreed to sell part of its Montney acreage to Malaysia’s Petroliam Nasional for C$1.5 billion ($1.4 billion).
Tracy Olson/Flickr

Repsol plans to invest $4 billion in Venezuela through 2022

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Repsol SA, Spain’s largest oil producer, plans to invest $4 billion in Venezuela through 2022 on existing projects and discoveries to more than double oil output.
(Andrey Rudakov/Bloomberg)

Shell to drill first wells in $10 billion Ukrainian project

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The country could hold as much as 42 trillion cubic feet (1.2 trillion cubic meters) of shale gas, the third largest reserve in Europe, according to the U.S. Energy Information Administration estimate from 2011
A fire engine douses reactor number 3 of the Fukushima Dai-ichi nuclear plant in northern Japan on March 18, 2011. (Photo: Japanese Ground Self-Defense Force/AFP/Getty Images)

Japan nuke-plant water tanks flawed, workers say

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Officials and experts and two other workers interviewed by the AP say the quality of the tanks and their foundations suffered because of haste — haste that was unavoidable because there is so much contaminated water leaking from the wrecked reactors and mixed with ground water inflow.
Categories: Electricity, General, Nuclear
(construct/Flickr)

Report: Royalty revenue sharing plan would cost taxpayers $49 billion

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A congressional proposal to give coastal states a greater share of government royalties tied to oil and gas drilling would increase the federal debt by more than $49 billion over the next three decades, according to new analysis set to be released Friday.