Fuel Fix

(AP Photo/US Coast Guard, File)

Lawmakers, federal officials debate offshore permit rate

U.S. agencies’ request for more funding to hire people to help review offshore-drilling permits came front-and-center in Congress on Thursday as lawmakers, federal officials and witness continued debating the rate of approvals in the Gulf of Mexico.  More »

Natural gas revolution continues to fuel CERA buzz

Adding to a dominating industry perspective in recent days on an impending energy revolution, energy executives on Thursday insisted that the American natural gas boom is real and will reshape power supplies for the nation’s cars, homes, phones and even the Internet. “We probably don’t have 100 years, we probably have 200 years supply,” G. […]  More »

Court takes over oil spill claims

A federal judge has agreed to one component of a settlement between BP and plaintiffs who suffered economic or medical damages in the Gulf Oil Spill.  More »
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The Fukushima Dai-ichi nuclear complex in Japan is shown on Nov. 15, 2009, left, and on Monday, March 14, 2011.  (AP Photo/GeoEye, DigitalGlobe)

Japan kept silent on worst nuclear crisis scenario

It also casts doubt about whether the government was sufficiently prepared to cope with what could have been an evacuation of unprecedented scale.  More »
This image made from amateur video and released by Aljizahnews Thursday, March 8, 2012, purports to show a deputy to Syria's oil ministry who identifies himself as Abdo Husameddine at an unidentified location. A man purporting to be Syria's deputy oil minister has announced his defection in an online video that emerged Thursday, saying he is joining the opposition against President Bashar Assad's regime to protest its brutal crackdown that has killed thousands so far. (AP Photo/Aljizahnews via APTN)

Syrian official defects to protest Assad crackdown

Syria’s deputy oil minister announced his defection in an online video that emerged Thursday, making him the highest ranking civilian official to abandon the regime since the uprising against President Bashar Assad erupted a year ago.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Exxon to spend $150B over 5 years to find oil, gas

Exxon said Thursday that it will spend about $150 billion over the next five years to find more oil and natural gas to meet an expected increase in global energy demand.  More »
Prices for regular and diesel are posted in front of a service station in Mercer Island, Wash., near Seattle. A four-day rise in oil prices stalled Wednesday following a weak report on Chinese manufacturing and lingering concerns about Greece's bailout. The price of West Texas Intermediate, the benchmark for oils produced in the U.S., fell 46 cents to $105.79 a barrel in afternoon trading on the New York Mercantile Exchange. (AP Photo/Elaine Thompson)

Gasoline prices drop across the nation

Daily rises at the pump seem to be a thing of the past – at least, for now.  More »
Gas nozzle at a Valero pumping station (AP Photo/Rich Pedroncelli, file)

Wall Street speculation blamed for gas price spike

Public anger over high gasoline prices is turning to a familiar target — Wall Street.  More »
Robert Drummond, president of Schlumberger North America, (left) talks about his company as Jeremy Aumaugher, south division operations manager, listens to questions about expansion of their business to support clients in the Eagle Ford Shale. Photo: TOM REEL, San Antonio Express-News / San Antonio Express-News

Schlumberger opens base in Bexar

Schlumberger, the world’s largest oil-field services company, threw open the doors Wednesday to its new operations plant in southern Bexar County, where it was drawn by proximity to the Eagle Ford Shale.  More »
Ohio Governor John Kasich, left, speaking as Colorado Governor John Hickenlooper, right, looks on during panel discussion the annual CERA Week energy conference at the Hilton Americas  Wednesday, March 7, 2012, in Houston. ( Melissa Phillip / Houston Chronicle )

Energy leaders urge transparency to win public support

Energy executives warned Wednesday that the oil and gas industry will lose a public relations war unless it takes a more proactive approach to environmental concerns as it attempts to capitalize on a massive natural gas supply.  More »
(Image: Fotolia)

7 tips for how to save money on gasoline

Spikes in gasoline prices occur so regularly that ways to combat them should be almost second nature to car owners.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Shell to keep shale drilling investment stable

Royal Dutch Shell Plc. (RDSA), Europe’s largest oil company, won’t increase its spending on drilling shale fields this year due to low natural-gas prices.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Offshore safety agency’s job plan faulted by Republican lawmaker

A plan to hire inspectors and engineers by the U.S. offshore oil safety unit, created after the BP Plc (BP/) spill two years ago, drew a rebuke from a Republican lawmaker.  More »
Mark Cleland, from Austintown, Ohio, participates in a protest outside Wells Academy/Steubenville High School Tuesday, Feb. 7, 2012, in Steubenville, Ohio. Gov. John Kasich is expected to highlight the themes of education and shale gas drilling in his State of the State address Tuesday. (AP Photo/Tony Dejak)

Ohio Gov. Kasich says planning wellhead tax on oil, gas

Ohio Governor John Kasich said he will introduce a tax for oil and natural-gas producers and is trying to avoid a drain on the state’s services as the Utica basin is developed.  More »
(AP file photo/Paul Sakuma)

Shell to stop Iran oil purchases ahead of deadline

Royal Dutch Shell PLC says it will stop buying oil from Iran within several weeks, ahead of a July deadline imposed by the European Union.  More »