House passes bill to speed Arctic drilling
The legislation would curtail environmental reviews of coastal oil exploration projects, including Shell Oil Co.’s bid to drill in Arctic waters near Alaska. Bill backers said it would remove bureaucratic obstacles blocking Arctic drilling; critics said it was an oil industry giveaway. More »
Petrobras’ deep-water Gulf project delayed — again
After repeated delays, the Brazilian oil giant now says the start of production at its Cascade and Chinook fields is targeted for the end of 2011, after earlier promising the project by mid-year. More »
Dynegy names board member to CEO post
Robert Flexon replaces E. Hunter Harrison, who has been interim CEO and president of the Houston-based power plant operator since April. Harrison will resume his role on the board and serve as non-executive chairman. More »
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New pipeline will carry NGLs from West Texas to Southeast Texas
Energy Transfer Partners and Regency Energy Partners said they will spend $700 million through a joint venture to build a 530-mile pipeline to carry natural gas liquids from Winkler County in West Texas to a processing plant in Jackson County, east of Victoria. More »
EPA slashes target use of non-corn ethanol in gasoline
The federal agency said it reduced the required level of cellulosic ethanol, made from nonfood agricultural products, because of market availability. More »
Transocean videos: BOP maintenance wasn’t the problem at Macondo
Transocean details what it believes happened to the BOP on the doomed Deepwater Horizon rig during the May 2010 blowout in two videos released today. More »
Oil rises as Fed acknowledges economy’s slow pace
Fed officials said in a statement that they believe the main causes of the economy’s slowdown, such as high gas prices and supply disruptions from Japan’s natural disaster, are temporary. They said once those problems subside, the economy should rebound. More »
Eastman buys Houston’s Sterling Chemicals for $100M
The Tennessee-based chemical and plastics maker will acquire Sterling’s Texas City assets, including an idled plasticizer unit and an active acetic acid production unit. More »
Offshore regulator: New drilling rules on the way
The government is readying new rules to boost the safety of offshore drilling and tighten standards for blowout preventers used to guard subsea wells. More »
Norway says Transocean evaded $1.8B in taxes
The charges announced today against Transocean and Transocean Offshore Deepwater Drilling Inc. are related to the sale of 12 oil rigs 10 years ago by their Norwegian subsidiary Transocean ASA.
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Reactions to Transocean report: More ‘circular finger-pointing’ *update*
Immediately following the release this morning of Transocean’s internal investigation report on the Deepwater Horizon disaster last year, several of the companies involved in the accident, analysts and politicians were ready with responses. More »
Condoleeza Rice to join board of Houston biofuels firm
The former U.S. Secretary of State joins KiOR, a firm that has developed a process for turning wood chips into a crude oil substitute that can be refined into gasoline and diesel blends and that operates a demonstration plant in Pasadena. More »
April 26, 2013
Loading ...- The award-winning team behind FuelFix.com:
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business editor
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energy reporter
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assistant business editor
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energy reporter
Simone Sebastian
assistant editor, FuelFix
Zain Shauk
energy reporter
Harry R. Weber
energy reporter
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