FuelFix Newslinks |04.04.11|
U.S. banks driving oil prices up. 2010 safest year ever for Transocean. BP turmoil leading up to explosion. More »
ConocoPhillips seeks deep-water, shale acquisitions
The company will increase planned capital spending of $13.5 billion by $2.5 billion this year for favorable opportunities, CEO Jim Mulva said, mentioning the Gulf of Mexico in particular. More »
Onshore oil production helps offset spill slowdown
A spill-related slowdown in the Gulf of Mexico could cut into oil production from the offshore basin for several years. But a number of emerging oil fields onshore, once thought out of reach, are helping the U.S. fill in the gap in the meantime. More »
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BP e-mails show internal strife in weeks leading up to explosion
Personal criticisms, concerns about inexperienced engineers and “flying by the seat of our pants” were common topics of e-mail discussions among BP’s Houston-based team working on the doomed Macondo well. More »
BP seeks to resume drilling in Gulf of Mexico
BP is seeking permission to keep drilling at 10 existing deep-water wells in the Gulf in exchange for adhering to stricter safety rules. (Via NYT) More »
Bill would tie EPA rules to effect on jobs
Lawmakers battling the Environmental Protection Agency’s new greenhouse gas rules on refineries and power plants have focused so far on stripping the EPA’s power to regulate. Rep. Pete Olson, R-Sugar Land, is pitching narrower legislation that would force the agency to examine the economic consequences of its proposed rules. More »
Feds say no deal for BP to resume Gulf drilling
The U.S. Bureau of Ocean Energy Management said on Sunday it had not struck a deal with BP to allow the oil company to resume deepwater drilling in the Gulf of Mexico, refuting a press report. (Via Reuters) More »
Obama: Shift from imported oil, new jobs will come
The president used his weekly radio and Internet address Saturday to promote his ideas for bringing down gasoline prices by decreasing U.S. dependence on foreign oil. Shifting the U.S. away from imported oil and toward cleaner forms of energy will add momentum to a trend that has led to 1.8 million new jobs in the past 13 months, Obama said. More »
Transocean claims 2010 as its ‘best year in safety performance’
Eleven deaths, a lost drilling rig and up to 4.9 million barrels of oil spilled in the Gulf of Mexico helped earned Transocean executives hundreds of thousands of dollars in bonuses in 2010. And no, this isn’t an April Fool’s Day prank. More »
Saudis rapidly find themselves addicted to own oil
The country’s surge in domestic energy demand raises doubts about whether the kingdom can increase production quickly enough to keep pace, Loren Steffy writes from Riyadh. More »
Parallels between gas prices and NCAA champs — careful who you root for
Is there any relationship between how much it costs to fill up and the team that dominates the Final Four? One blogger, giving in to March Madness, thinks so. More »
Oil hits new high of $108 a barrel as jobless rate falls
Oil prices hit a new 30-month high on Friday after the world’s top two oil consumers, the U.S. and China, issued positive economic reports that pointed to increased demand. More »
April 26, 2013
Loading ...- The award-winning team behind FuelFix.com:
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business editor
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assistant business editor
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Emily Pickrell
energy reporter
Simone Sebastian
assistant editor, FuelFix
Zain Shauk
energy reporter
Harry R. Weber
energy reporter
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