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

on
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

on
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

on
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.

(Horia Varlan/Flickr)

Oil companies triple spending on chemicals

on
In 2012, oil field spending on chemicals reached $9.5 billion, up from $2.9 billion in 2007, according to a study from the market research firm Freedonia Group.
Robert L. Parker Jr. Announces Retirement From Parker Drilling After More Than 40 Years of Service; Will Continue To Serve on the Board. (Parker Drilling/PRNewsFoto)

Executive chairman of Parker Drilling to resign

on
Robert Parker Jr., the grandson of founder Gifford C. Parker and a former chief executive officer from 1991 to 2009, announced his resignation after 40 years as an employee of Parker Drilling, a Houston based onshore and offshore drilling company.
Categories: Oil field services

The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

Linn Energy boosts buyout offer for Berry Petroleum

on
Months after Linn Energy’s all-stock deal to buy Berry Petroleum stalled under shareholder pressure, the Houston company is putting another $600 million on the table.
Categories: Deals
(AP file photo/Alastair Grant)

Court to hear arguments on BP oil spill settlement

on
A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP’s multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.
Categories: Gulf oil spill
Cellulosic ethanol is made from switchgrass and other nonfood products. (AP Photo/Noble Foundation)

Biofuel makers mount last-ditch lobby push on EPA

on
Companies that make biofuels from corn husks, soy and other materials are mounting a last-ditch lobbying campaign to prevent a weakening of the U.S. renewable-fuel mandate, saying a lower requirement would set back an industry that is ready to blossom.
Part of the containment vessel for a new nuclear reactor at the Plant Vogtle nuclear power plant is under construction in Augusta, Ga. (AP Photo/John Bazemore, File)

Experts say nuclear power needed to slow warming

on
Some of the world’s top climate scientists say wind and solar energy won’t be enough to head off extreme global warming, and they’re asking environmentalists to support the development of safer nuclear power as one way to cut fossil fuel pollution.
Categories: Environment, Nuclear
(Daniel Acker/Bloomberg)

More mineral owners seek to join gas lawsuits

on
Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production.