Fuel Fix

(AP file photo/Paul Sakuma)

GE profit tops estimates as finance, energy earnings grow

General Electric Co. (GE) earnings topped analysts’ second-quarter estimates, as profit growth at the finance and energy units overcame a drop in wind-turbine orders.  More »
The Motiva refinery in Port Arthur, Texas.

Damaged Motiva refinery unit to reopen in 2013

The brand-new crude distillation was shut down in June after it suffered severe damage from a chemical leak.  More »
Beach-goers walk on the sand near the San Onofre nuclear power plant in San Clemente , Calif.  (AP Photo, Lenny Ignelzi, File)

Feds OK with equipment change at Calif. nuke plant

Federal regulators concluded that the operator of the San Onofre nuclear power plant in California did not mislead the government about modifications to its troubled steam generators, where unusual damage has been found on scores of tubes that carry radioactive water.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran lawmaker: Support to close Strait of Hormuz

A lawmaker says about half of the 290 members of Iran’s parliament are backing a bill favoring the closing of the strategic Strait of Hormuz, passageway for a fifth of the world’s oil.  More »
A drill rig near Buffalo, S.D. (AP Photo/James MacPherson)

Number of oil drilling rigs leveling off in ND

The number of oil drilling rigs at work in North Dakota is leveling off, and a state regulator says that’s a good thing.  More »
The guided-missile destroyer USS Chung-Hoon and the aircraft carrier USS Nimitz are shown during the "Great Green Fleet" demonstration part of the Rim of the Pacific 2012 exercise near Hawaii.  The Nimitz took on 200,000 gallons of biofuel in preparation for the demonstration. (Photo: U.S. Navy / Ryan J. Mayes)

Administration touts ‘Great Green Fleet’ test exercises with biofuels

The administration is pushing back against Republican attacks on a program to use biofuels in military equipment, after successful tests by the Navy this week.  More »
Former Progress Energy CEO Bill Johnson arrives in Raleigh, N.C., in July to testify at the N.C. Utilities Commission. (AP Photo/The News & Observer, Takaaki Iwabu)

Ousted CEO says Duke looked for merger exits

“They wanted the merger, then they didn’t want it, then they couldn’t get out of it, then they didn’t want to be stuck with me as the person who dragged them to it,” Bill Johnson told state regulators  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)

Brazil says Chevron oil leak larger than estimated

The Chevron fine is likely to be near the maximum allowed under Brazilian law — $25 million total.  More »
U.S. District Judge Carl Barbier (Bloomberg News)

Judge says 2 websites mislead oil spill claimants

U.S. District Judge Carl Barbier said an existing disclaimer “does not cure the misleading nature.”  More »
(Jennifer A. Dlouhy/The Houston Chronicle)

Surging coal exports boost Kinder, bother Democrats

U.S. coal exports nearly doubled between 2009 and 2011, according to a report released today by Democratic members of the House Natural Resources Committee.  More »
(Photo: Brian Turner/Flickr)

Anadarko doesn’t reach settlement with U.S., trial to resume

A trial began May 15, with Anadarko facing testimony from more than 50 witnesses, and was scheduled to run until at least the end of July. On June 28, David Zott, a lawyer for the U.S. and Tronox, said the plaintiffs had presented their last witness, and U.S. Bankruptcy Judge Allan Gropper asked Anadarko how it would begin its defense.  More »
A worker repairs an oil pipeline at Rumaila oil fields, near the southern city of Basra, Iraq, Sunday, Oct. 9, 2011. A pair of bombs struck two oil pipelines on Friday in southern Iraq, causing a temporary cut in production at the country's largest oil field, officials said Saturday. (AP Photo / Nabil al-Jurani)

Chevron to drill in Iraq starting next year

Chevron said today it will enter Iraq and begin drilling for oil there next year after purchasing major interests in two areas of its Kurdistan region.  More »