Fuel Fix

(Photo by Eddie Seal for Bloomberg News)

Tourmaline hunts for energy deals as rivals dump assets

Tourmaline is growing as peers shed assets and reduce dividends with U.S. crude hovering below $50 a barrel.  More »
(Kristian Helgesen/Bloomberg)

North Sea oil industry under siege seeks U.K. tax cuts

The picture for North Sea today is grim. Production is less than half its peak in the 1990s, when the U.K. was a leading oil and gas exporter, giving the government billions in taxes to spend.  More »
Striking United Steelworker Union members picketing outside the the Shell Deer Park Refinery Sunday, Feb. 1, 2015, in Deer Park.

( James Nielsen / Houston Chronicle )

Workers in refinery strike still off the job

Local issues must be worked out and a contract ratified at each facility before employees return to work.  More »
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A heavy duty jack-up rig drills over the Forties Echo platform (Apache Corp.)

Supply vessel hits Apache platform; company says no injuries or spills

Apache said the platform has been shut down but there hasn’t been any leak of oil or gas. It’s unclear when production will resume.  More »
(JEFF PACHOUD/AFP/Getty Images)

Gasoline prices falling again on crude plunge

After 40 days of climbing, gasoline prices have started falling again as crude continues to tumble, offsetting seasonal increases in fuel prices.  More »
(AP Photo via militant video)

U.S. embassy in Saudi Arabia warns of kidnapping plot against Western oil workers

Affiliates of terrorist groups may be planning to kidnap Western oil workers in Saudi Arabia, the U.S. embassy in Saudi Arabia warned over the weekend.  More »
(AP Photo/Hasan Jamali)

OPEC expects U.S. oil production to fall in late 2015

OPEC pegs the potential decline in U.S. liquids output at 80,000 barrels a day in the second half of the year, down from a peak of 13.71 million barrels a day in the second quarter to 13.63 million barrels a day by the fourth quarter.  More »
(Dadang Tri/Bloomberg)

Murray Energy to buy controlling stake in Foresight for $1.4 billion

Combined, the companies will control 9 billion tons of coal reserves, Murray Energy said.  More »
brigham mccown, electric bills

EIA: Electricity prices rose at fastest rate in six years in 2014

Residential electricity prices surged last year for residents in many of the country, but 2015′s rate hikes are expected to be less dramatic, according to a new analysis by the U.S. Energy Information Administration.  More »
(AP file photo/Mary Altaffer)

Crude falls to lowest point since 2009 in early trading

The benchmark futures price for a barrel of crude fell to its lowest point since prices began to slide last summer in early trading Monday.  More »
Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Chevron’s massive Big Foot platform heads to Gulf of Mexico

With the finishing touches complete, Big Foot shipped out from Corpus Christi on Saturday morning en route to the Gulf of Mexico where it will float in the Walker Ridge area, 225 miles south of New Orleans.  More »
(AP file photo/John Moore)

Saudi oil adviser says strengthening demand will lift prices

Prices have stopped falling at about $60 a barrel as expanding demand helps contain the global glut.  More »
(Getty)

Norway has an $18 billion plan to shift away from oil

Western Europe’s biggest crude producer is facing what central bank Governor Oeystein Olsen calls a “period of restructuring” amid plunging oil prices.  More »
Bloomberg Photo/Scott Dalton

Out of Keystone debate’s glare, pipelines going in nationwide

While the Keystone project awaits a final decision, lesser-known developments have quietly added more than 11,600 miles of pipeline to the nation’s domestic oil network.  More »
(StockMonkeys.com/Flickr)

Algeria oil corruption trial begins after 5-year delay

In a packed courthouse that included the ambassadors of Italy, the U.S. and Germany, prosecutors read out the charges against former head of Sonatrach, Mohammed Meziane, his two sons, and 16 other company officials.  More »