Energy & Fuel

"An offshore rig exploring possible oil and gas fields off Nigeria's coast for Chevron caught fire Monday, and the oil company said officials were still trying to account for all those working there."

"Chevron said two workers were missing and 152 others found, but gave no further detail on the missing persons.

The company said it was still investigating the fire, which occurred near its North Apoi oil platform, and which forced it to shut down."
     

"U.S. Enrichment Corp., which produces fuel for nuclear power plants, is having its own sort of meltdown. Disillusioned investors have wiped out 95 percent of the company’s market value since 2007. Standard & Poor’s has saddled it with a dismal CCC-plus credit rating.

"Starting Feb. 1, drilling operators in Texas will have to report many of the chemicals used in the process known as hydraulic fracturing. Environmentalists and landowners are looking forward to learning what acids, hydroxides and other materials have gone into a given well."

"Royal Dutch Shell has been on a six-year crusade to drill in Arctic waters off Alaska’s coast, and has spent about $4 billion on the effort so far without drilling a single well. But the company took one more bureaucratic baby step forward this week toward drilling in the Chukchi Sea later this year. An appeals board of the Environmental Protection Agency on Thursday rejected four challenges brought by Alaska Native entities and environmental groups like Earthjustice to block Clean Air Act permits covering airborne emissions from industrial operations."

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"Toyota, the biggest player in hybrid-electric cars, has launched a cut price Prius as the Japanese firm fights back following one of the worst years in its history.

Jim Lentz, president and chief operating officer of Toyota USA, unveiled the Prius C at the second day of the North American International Automobile Show (NAIAS) at Detroit's Cobo Center. For a second year in a row the car show has been dominated by hybrid and electric car launches, although sales have so far been disappointing.

"The U.S. should declare a moratorium on hydraulic fracturing for natural gas in populated areas until the health effects are better understood, doctors said at a conference on the drilling process."

"Federal regulators are considering retesting water supplies at a small town in Pennsylvania that residents say have been contaminated by natural gas drilling.

Just a month after declaring water in Dimock safe, officials from the Environmental Protection Agency are taking another look after new evidence suggested that drinking water could be polluted worse than originally thought.

"A former staffer at a state government agency responsible for regulating hydraulic fracturing, or fracking, has warned that allowing the controversial gas drilling method in New York would lead to contamination of the state's aquifers and would poison its drinking water.

"BALTIMORE — As operators of coal-fired power plants around the country welcome a court-ordered delay on tighter pollution rules, the owner of a retrofitted plant here says that the rules cannot come too soon. The company, Constellation Energy, says it is an issue of fairness. A little more than two years ago, it completed an $885 million installation that has vastly reduced emissions from two giant coal-burning units at its Brandon Shores plant here, within view of the city’s downtown office towers."