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Sunoco's Philadelphia refinery is on the banks of the Schuylkill River. The company plans to pull out of the refining business altogether, which could help put the Northeast region in a precarious position. Photo: MIKE MERGEN / HC

Financial woes fuel busy year for refining deals

Posted on March 21, 2012 at 1:42 pm by Simone Sebastian in Refining
The value of mergers, acquisitions and other deals involving refining assets surged 50 percent to $6 billion in 2011, fueled by industry’s financial troubles, according to an IHS Herold report.  More »
Picture of a road stretching off into the distance

House GOP won’t back down on linking drilling to highways

Posted on March 21, 2012 at 1:00 pm by Puneet Kollipara in Arctic, Crude oil, Keystone XL, Natural gas, Offshore
House Republicans plan to try to rework and revive stalled legislation that would link expanded oil and gas production with highway and road projects, a top GOP lawmaker said.  More »
This Feb, 13, 2012 photo shows gas prices at Exxon and BP Mini-mart in Scott Township, Pa. Consumer prices rose a modest 0.2 percent in January, pushed up by higher gas, clothing costs. (AP Photo/Gene J. Puskar)

Will increased drilling really bring the price of gas down?

Posted on March 21, 2012 at 12:10 pm by Dan X. McGraw in General
It’s been a familiar slogan over the past few years: “Drill, baby, drill.” But can it really lower the price of gasoline?  More »
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Secretary of Energy Steven Chu answers questions during a news conference in Las Vegas. (AP Photo/Julie Jacobson)

Steven Chu defends alt-energy programs despite flaws

Posted on March 21, 2012 at 7:58 am by San Francisco Chronicle in Politics/Policy, Solar
Energy Secretary Steven Chu defended his department’s energy policies to Congress on Tuesday after House Republicans released two extensive reports charging that alternative energy loan programs and a huge home weatherization program for poor households were riddled with failures and mistakes.  More »
Workers assemble solar panels on the factory floor of Chinese company Suntech in the eastern city of Wuxi. Proposed U.S. tariffs follow complaints that the Chinese government has given its solar companies an unfair trade advantage. Photo: PETER PARKS / AFP

China dispute flares again over solar cells

Posted on March 21, 2012 at 7:56 am by San Francisco Chronicle in Politics/Policy, Solar
The U.S. Commerce Department plans to slap import tariffs on Chinese-made solar cells in a trade dispute that has strained relations between the two countries and divided the American solar power industry.  More »
This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Charges to be filed against Chevron in Brazil

Posted on March 21, 2012 at 7:54 am by Associated Press in Legal issues
Seventeen oil company executives face criminal charges today for an oil leak in the Atlantic, a legal action that has prompted debate about whether it could slow Brazil’s effort to develop its massive offshore finds.  More »
Jon Stewart during a taping of "The Daily Show with Jon Stewart" in New York on Nov. 30, 2011. (Photo: Brad Barket/AP)

‘Daily Show’ goes nuclear with power-industry ads

Posted on March 21, 2012 at 7:52 am by Bloomberg in General
“The Daily Show with Jon Stewart” is going nuclear.  More »
Drilling companies are increasingly looking to use natural gas to cut their fuel costs. (AP Photo/Keith Srakocic)

Fracking rule for federal land to use industry standard

Posted on March 21, 2012 at 7:52 am by Bloomberg in Hydraulic fracturing, Natural gas
The U.S. Bureau of Land Management, which is drafting rules for natural gas production by hydraulic fracturing on federal property, said it will use industry standards for cementing.  More »
Oil gushes from BP's Macondo well in the Gulf of Mexico on July 12, 2010. (AP Photo/BP)

Transocean holders’ suits over rig explosion dismissed by judge

Posted on March 21, 2012 at 7:49 am by Bloomberg in Legal issues
Transocean Ltd. (RIG), owner of the oil rig leased to BP Plc (BP/) that exploded and spewed millions of gallons of oil into the Gulf of Mexico, won dismissal of investor claims that the company failed to disclose repeated safety failures.  More »
A woman fills up her SUV at a California gas station. (Photo: FREDERIC J. BROWN/AFP/Getty Images)

U.S. gasoline data may not reflect consumption levels

Posted on March 21, 2012 at 7:45 am by Bloomberg in General
U.S. government statistics overstated the decline in the nation’s gasoline demand in the past year, according to the Wall Street Journal.  More »
Jimmy Murphy of Sprigg, W.Va., holds a jar filled with well water from his home he says was contaminated with coal slurry by Massey Energy and subsidiary Rawl Sales & Processing, prior to court hearing, in Charleston, W.Va. Mining company Massey Energy has settled a 7-year-old lawsuit with hundreds of southern West Virginia residents who claim the company poisoned their drinking water supplies with coal slurry, Circuit Judge Alan Moats, who helped broker the deal, said. (AP Photo/Jeff Gentner, File)

Film focuses on W.Va. coal slurry pollution battle

Posted on March 21, 2012 at 7:44 am by Associated Press in Coal
An independent documentary chronicling the fight that hundreds of southern West Virginia residents waged against Massey Energy over polluted well water will be screened for the first time at the Atlanta Film Festival in Georgia.  More »
President Barack Obama (AP file)

Obama to visit New Mexico oil fields

Posted on March 21, 2012 at 7:42 am by Associated Press in Crude oil, Politics/Policy
President Barack Obama is set to visit New Mexico’s oil fields Wednesday to tout the fact that domestic oil and gas production is at an all-time high.  More »
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