Fuel Fix

ECB Urges Athens to Remain in the Bloc

WSJ — Thu, 17 May 2012 01:39:07 +0000

European Central Bank President Mario Draghi urged Greece to remain a member of the 17-member euro zone, in his first public comments on the possibility that Greece's political turmoil may force its exit from the currency bloc.

Latin American Markets: Petrobras shares jump in Sao Paulo after results

MarketWatch — Thu, 17 May 2012 01:25:47 +0000

Shares of Petroleo Brasiliero snap six-session losing streak after the oil producer’s quarterly results surpass expectations. The benchmark Ibovespa, however, extends its string of declines.

Japanese GDP grows 1% in first quarter

FT.com - Energy — Thu, 17 May 2012 00:42:01 +0000

Analysts warned that the pace of expansion will soon ease as temporary boosts to consumption and investment from reconstruction and car buying subsidies fade

GE Capital Resumes Dividend

WSJ — Wed, 16 May 2012 23:56:25 +0000

General Electric is again able to take cash out of its hulking finance arm in the form of a $475 million quarterly dividend.

Total Ends Elgin Leak

WSJ — Wed, 16 May 2012 23:05:38 +0000

French oil major Total said it has stopped the natural-gas leak at its North Sea Elgin platform by pumping heavy mud into the leaking well there.

A Forgotten Enclave Comes Into View

WSJ — Wed, 16 May 2012 23:01:16 +0000

A new exhibition revisits the Oil Street artist village, a now-defunct artists' colony where radical performance art, warehouse music gigs and artists squatting in derelict buildings flourished in Hong Kong's North Point district.

Cameron fears eurozone unravelling

FT.com - Energy — Wed, 16 May 2012 23:01:09 +0000

Huge risks without stable bloc with effective firewall, well-capitalised banks, fiscal burden sharing and supportive monetary policy, says UK PM

Women geophysicists promote their industry

Mella McEwen — Wed, 16 May 2012 22:31:17 +0000

With graduation ceremonies being held across the country, students are turning their attention to career choices, and local geophysicists are promoting their field. They're urging students with an affection for math, science and computers to consider a career in geophysics. And if you're female, that's just icing on the cake.

House bill aims to curb Pentagon’s power to buy alternative fuels

Jennifer A. Dlouhy — Wed, 16 May 2012 21:50:15 +0000

The White House is threatening to veto a defense spending bill after complaining the measure would limit the military's ability to power its planes, ships and tanks with alternative fuels.

Environmental groups challenge Shell’s Arctic drilling permits

Jennifer A. Dlouhy — Wed, 16 May 2012 21:46:38 +0000

Environmental groups have launched a new legal challenge to Shell Oil Co.'s plans to begin exploratory drilling in Arctic waters near Alaska this summer.