Fuel Fix

Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Exxon, Total, Melrose Vie for Black Sea drilling in Bulgaria

Exxon Mobil Corp., Total SA, and Melrose Resources Plc are competing for a permit to explore for natural gas in the deep waters of the Black Sea off the Bulgarian coast as the country seeks to boost local output to one third of consumption.  More »
Workers join sections of pipe on a Trinidad Drilling rig leased by Chesapeake Energy north of Douglas, Wyo. Photo: Alan Rogers / Copyright 2012 CASPER STAR-TRIBUNE

Former Conoco executive is new Chesapeake chairman

Archie W. Dunham, former chairman of Houston’s ConocoPhillips and former CEO Conoco, takes over as Chesapeake’s new independent non-executive chairman.  More »
Deborah Delauro waits as she puts gas in her car in Philadelphia. (AP Photo/Alex Brandon)

Houston prices continue their slow decline to $3

Gasoline prices are continuing their slow, steady decline toward $3 as prices dropped 5 cents in Houston over the past week.  More »
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Ships try to control an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. More than 2,600 barrels of oil may have spilled into the Atlantic ocean because of a leak at an offshore Chevron drilling site, IBAMA officials said. (AP Photo/Ibama)

Brazil government fails to benefit blocking oil firms

International oil companies looking to start exploring Brazil, home to the largest discoveries in the past decade, can’t get near the crude.  More »
BPsign

Shareholders looking for strategy change for BP

BP shareholders for eager for radical changes that would let BP put the Macondo well spill and a bitter dispute with Russian partners behind the company, according to a Reuters story.  More »
Beach-goers walk on the sand near the San Onofre nuclear power plant in San Clemente , Calif.  (AP Photo, Lenny Ignelzi, File)

Regulators delay decision on nuclear plant probe

State utility regulators are postponing a decision on whether to launch an investigation into the troubled San Onofre nuclear power plant, an agency spokesman said.  More »
(AP file photo/ Mikhail Metzel)

Rosneft to more than double dividend on 2011 profit

OAO Rosneft, Russia’s biggest oil producer, plans to more than double planned dividends, boosting the payout to 25 percent of last year’s profit, following an order from President Vladimir Putin.  More »
A oil transit pipeline runs across the tundra on Alaska's North Slope. (AP Photo/Al Grillo, File)

Alaska’s oil pipeline marks 35-year milestone

The engineering feat that is the trans-Alaska pipeline is celebrating a milestone.  More »
Members of a women's association shout slogans during a rally to protest against restarting the Ohi nuclear power plant's reactors at a park in Tokyo. Public opposition to resuming operations remains high, however, because of the March 2011 crisis at Fukushima Dai-ichi plant that turned into the world's worst atomic disaster since Chernobyl and a lingering distrust of an industry widely seen as opaque. (AP Photo/Itsuo  Inouye, File)

Crisis plans lag even as Japan’s reactors restart

If the Ohi nuclear reactors plunged into a Fukushima-style meltdown, the only route for escaping or for sending help would be a winding, cliff-hugging road often closed by snow in winter or clogged by beachgoers in summer.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

ND regulators approve ND to Alberta pipeline

North Dakota regulators have approved construction of a pipeline from Tioga into the Canadian province of Alberta.  More »
(Photo: Steve Snodgrass/Flickr)

Sweden on alert, explosives found near nuke plant

Sweden raised the security alert for the country’s nuclear power plants Thursday after explosives were found on a truck at the southwestern atomic power station Ringhals. Police said they were investigating possible sabotage.  More »
Enterprise Products Mont Belvieu complex (Dave Rossman/For the Houston Chronicle)

Enterprise to build massive petrochemical plant

Houston-based Enterprise Products Partners plans to reach further into the petrochemical industry with a massive new plant to be build on the Texas coast by 2015, the company said Wednesday.  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)

Inventor claims design for BP well cap stolen

Charles Adams of Radford, Va., filed a federal lawsuit last week that names as defendants several players who were involved in helping resolve the disaster.  More »
(Photo: BFS Man)

Bill to keep lights on and protect power utilities advances in House

Electric utilities that keep the lights on to satisfy the federal government when blackouts loom would be insulated from environmental fines under bipartisan legislation advancing in the House.  More »
Photo: Timothy A. Clary/AFP/Getty Images

Record-setting Gulf drilling auction nets $1.7 billion

The Interior Department on Wednesday held a record-setting sale of oil and gas drilling rights in the central Gulf of Mexico, with companies submitting $1.7 billion in winning bids for 454 offshore tracts and Statoil establishing a new high-water mark with its $157 million offering for a single lease.  More »