Fuel Fix

Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil hovers above $85 ahead of Bernanke comments

Oil hovered above $85 a barrel Thursday in Asia amid speculation the U.S. may implement stimulus measures to boost a flagging recovery.  More »
Oil impacted marsh in Bay Jimmy is seen as Plaquemines Parish President Billy Nungesser  and Louisiana Wildlife and Fisheries Secretary Robert Barham conducts a media tour over frustration with the BP and Coast Guard cleanup response in Plaquemines Parish, La., Friday, Jan. 7, 2011. Oil from the Deepwater Horizon disaster remains in marshes off the coast of Louisiana, where officials renewed complaints Friday about the cleanup effort by BP and the federal government. (AP Photo/Gerald Herbert)

Study predicts job growth if BP fines used for Gulf Coast

The report by the research firm Mather Economics comes as Gulf interests press Congress for passage of the Restore Act.  More »
A Tesla Beta Prototype electric car is on display after an the annual shareholders meeting at the Computer History Museum in Mountain View, Calif., on Wednesday, June 6, 2012. (Photo:

Tesla’s second electric car on its way

Tesla Motors CEO Elon Musk assured his investors at their annual shareholders meeting Wednesday that the company’s long-awaited second car, the Model S, is almost here.  More »
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Judge lets Chesapeake Energy’s meeting proceed

The judge ruled Chesapeake’s shareholders had not proven they would suffer irreparable injury if the injunction was denied  More »
Al Armendariz will have a panel of the House Energy and Commerce Committee grill him Wednesday about his comments and record as EPA head of an area overseeing energy-rich states. Photo: AP GraphicsBank

Texas officials and House GOP members blast EPA

Al Armendariz, the ex-chief of the EPA region that covers Texas, failed to appear at a congressional hearing Wednesday about energy disputes in the state.  More »
A Kinder Morgan Energy Parterns oil terminal along the Houston Ship Channel (Photo: Kinder Morgan)

Kinder Morgan announces 63M stock offering

Kinder Morgan said today that three of its investors are selling part of their stakes in the natural gas pipeline operator as part of a secondary offering of 63 million shares of its stock.  More »
(Photo: Brian Snelson)

Cuba tells islanders 1st exploratory oil well dry

Cuba is letting its citizens know that an exploratory offshore oil well turned out to be a bust more than two weeks after Spanish oil company Repsol informed the world.  More »
guar gum

Halliburton expects guar gum to cut margins

Oil field services company Halliburton is expecting to perform below its expectations because of a spike in the price of guar gum, an additive used in desserts and in hydraulic fracturing fluids, the company said Wednesday.  More »
Carl Icahn (AP file photo/Mark Lennihan)

Carl Icahn sued by pension funds over CVR Energy deal

Billionaire investor Carl Icahn was sued by pension funds, accusing the major shareholder of CVR Energy Inc. (CVI) of freezing out minority shareholders and seeking to bar him from accumulating more shares.  More »
(Image: Fotolia)

Change your LinkedIn password now. The service has been breached

LinkedIn, the business-based social network, has reportedly been breached by hackers who made off with about 6.5 million user account passwords. The passwords are encrypted, reports The Next Web, but they’ve been posted online with a request for other hackers to help crack them.  More »
(Photo: YouTube)

ExxonMobil campus grows to house 10,000 employees

ExxonMobil said it plans to bring an additional 2,000 employees to its future corporate campus under construction just south of The Woodlands. The additional workers will come from offices in Fairfax, Va., Akron, Ohio and the Houston area.  More »
(AP Photo/Keith Srakocic)

Gas drilling triggers backyard geysers in W.Va.

Authorities say a gas drilling operation in the Sardis area hit an aquifer and inadvertently re-pressurized a handful of old water wells Wednesday, creating one backyard geyser at least 10 feet high and several smaller gushers.  More »

Offshore Technology Conference expands to Asia

The Offshore Technology Conference announced plans this week to hold a biennial event in Asia starting in March 2014 to help foster a growing energy sector in the continent.  More »
YPF Chief Executive Officer Miguel Galuccio will meet with Exxon Mobil and Apache executives.  (AP Photo/Natacha Pisarenko)

Argentina’s YPF CEO announces $35B investment plan

The chief executive of Argentina’s newly state-controlled energy company announced an ambitious investment plan Tuesday, saying YPF will need to spend up to $7 billion annually for the next five years to recover from declining oil and natural gas output.  More »
(Photo: Steve Snodgrass/Flickr)

China hints nuclear building boom about to resume

China’s main developer of nuclear power plants says it plans to raise money with an initial public offering, suggesting an industry building boom is resuming after being suspended following Japan’s nuclear disaster last year.  More »