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

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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

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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

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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.

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OPEC to cut oil exports as consumption wanes, tanker expert predicts

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The Organization of Petroleum Exporting Countries will reduce shipments through to mid-September as refiners carry out seasonal maintenance, tanker-tracker Oil Movements said.
Categories: Crude oil
(AP Photo/Hasan Jamali)

US: Iran can’t access much oil income

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The U.S. has concluded that nearly half of Iran’s monthly earnings from crude oil exports are accumulating in accounts overseas because of sanctions that restrict Tehran’s access to the money.
Categories: Finance/Earnings

(AP Photo)

China oil majors barred from expanding refineries

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Environmental regulators have taken the unusual step of blocking China’s two biggest oil producers from expanding their refining capacity after they failed to meet targets for reducing pollution.
Categories: Crude oil, Refining
An oiled duck is rescued near the Bell Slough State Wildlife Management Area in Mayflower, Ark. It was prepared to be taken to HAWK Center, a wildlife rehabilitation group assisting Exxon Mobil after a pipeline ruptured and dumped several thousands of barrels of oil. (AP Photo/Log Cabin Democrat, Courtney Spradlin)

Trial date proposed for Ark. oil spill lawsuit

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A trial date has been proposed for a federal lawsuit about a central Arkansas oil spill.
Categories: Accidents, Pipelines
(StockMonkeys.com)

Chevron will bring real dollars to Argentina to invest in shale

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Chevron Corp. (CVX), the world’s second-largest energy company by market value, will invest in Argentine shale oil and natural gas fields by bringing dollars into the country and exchanging them at the country’s official rate, said state-run energy company YPF SA.
Categories: Deals, Shale
July 16, 2013,  workers at the crash site of the train derailment and fire in Lac-Megantic, Quebec. The July 6, 2013 derailment left 47 people dead.  (AP Photo/Ryan Remiorz, Pool)

Inspections target fracked U.S. crude shipped by rail

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U.S. rail-safety regulators began a “Bakken blitz” of inspections of crude oil tank cars this week as they seek to prevent a railroad disaster in the U.S. similar to July’s fatal inferno in Quebec.
In this July 29, 2010, photo, oil and water flow down Ceresco Dam as oil spill clean up continues along the Kalamazoo River near Ceresco, Mich. (AP Photo/Detroit Frtee Press, Andre J. Jackson

Enbridge gets OK for some Mich. dredging activity

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A pipeline company responsible for an oil spill three years ago in southwestern Michigan has received approval for some dredging activity as part of the cleanup.
Categories: Accidents, Pipelines