Fuel Fix

Oil swirls in a flooded gravel pit in Lockwood, Mont. after an Exxon Mobil pipeline break. (AP Photo/The Billings Gazette, Casey Page)

Exxon spill highlights gaps in pipeline oversight

Federal officials are unsure of how many pipelines carrying hazardous fuels cross the nation’s rivers and streams, nor can they say how deeply those pipelines are buried.  More »
The mobile offshore drilling unit Development Driller III at the Deepwater Horizon site on May 7, 2010. (U.S. Coast Guard file photo)

Steffy: “Reforms at BP fall short”

BP’s strategy for returning to the Gulf of Mexico is going according to plan.  More »
The Jim Day semisubmersible rig (Photo: Noble Corp.)

Noble Corp. 2Q profits down sharply on rig downtime

The offshore drilling contractor, headquartered in Switzerland and run from Sugar Land, said net income fell to $54 million, or 21 cents a share, from $218 million, or 85 cents a share, in the April-to-June period in 2010.  More »

A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Exxon seeking shale-gas acquisitions as Texas wells pump profits

Exxon Mobil Corp. (XOM), the largest U.S. natural-gas producer since last year’s purchase of XTO Energy Inc., is evaluating more acquisitions with an eye toward expanding its gas holdings.  More »
A tram with an ad from Russian gas giant Gazprom adorns a  train. (AP Photo/Martin Meissner)

Study says U.S. shale may weaken Iran, Russia

A study from Rice University’s Baker Institute says the U.S. shale gas boom improves energy security by countering Russia and Iran’s influence on energy supplies.  More »
(AP file photo/Fernando Llano)

OPEC: Venezuela’s oil reserves top Saudi Arabia

OPEC’s latest figures have Venezuela as the country with the biggest proven crude oil reserves ahead of Saudi Arabia. But analysts said Wednesday it’s an increase largely on paper and unlikely to lead to changes within the organization or affect oil markets.  More »
(Image: SunPower)

Solar energy to power Miss. tech center

Solar energy will soon be powering Alcorn Career and Technology Center in Corinth.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

Natural gas shipments fall as deliveries to Texas decline

Scheduled natural gas deliveries to U.S. electricity generators dropped for the first time in five days as shipments to Texas declined.  More »
A Kinder Morgan Energy Parterns oil terminal along the Houston Ship Channel (Photo: Kinder Morgan)

Kinder Morgan increases cash distributions, reports lower net income

Houston-based Kinder Morgan Energy Partners and it’s parent company, Kinder Morgan Inc., had mixed results on net income for the second quarter, but their payouts to shareholders continued to grow.  More »
(Photo: Flickr/Mohan R)

Senators fear spills tied to Cuban drilling, Canadian oil

Concerns about offshore drilling in foreign territories and oil transported in international waters close to the U.S. dominated a Senate hearing today that was designed to focus on last year’s Gulf of Mexico oil spill. Senators pressed administration officials and industry representatives about the environmental risks from tankers carrying Canadian crude and offshore drilling planned for Cuban waters this fall.  More »
(Photo: Brian Forbes/Flickr)

Exxon Mobil oil-sands shipment hits roadblock in Montana

Exxon Mobil Corp.’s bid to ship hundreds of tons of equipment to an oil-sands project in Alberta hit another roadblock after a Montana judge said the company can’t use a scenic highway through the state.  More »
An American Apache gunship shown flying during Operation: Desert Shield. (AP Photo/Scott Applewhite)

Republicans take aim at government ban on coal liquids, oil sands crude

A showdown is looming Thursday over a Republican plan that would give the Defense Department the freedom to power its planes and tanks with alternative fuels — even if they produce more greenhouse gas emissions than their more conventional cousins.  More »
The Deepwater Horizon oil rig burns on April 21, 2010 after an explosion in the Gulf of Mexico. (AP file photo/Gerald Herbert)

Gulf spill claims fund to be audited to speed work *updated*

Attorney General Eric Holder says an independent audit will be performed on the $20 billion fund set up to compensate victims of the BP oil spill.  More »
This image provided by BP's spillcam on June 6, 2010 shows oil leaking out of the Macondo well head in the Gulf of Mexico. (AP file photo/BP)

Judge denies BP request for White House oil spill emails *updated*

BP is seeking a court order compelling the White House to turn over emails by a former top adviser to President Barack Obama about the administration’s response to last summer’s massive Gulf oil spill.  More »
(Image: Fotolia)

Oil settles higher as debt talks continue

Crude prices have been mired in a narrow range between about $95 a barrel and $99 a barrel this month as investors worry that the global economy will suffer if U.S. and European leaders fail to solve their debt problems.  More »