Moody’s cuts Tepco to junk
Moody’s slashed Tokyo Electric Power’s credit rating to junk, dealing a heavy blow to the stricken Japanese utility company that continues to founder after the March 11 disasters in Japan. (Via W$J) More »
Nebraska nuke plant issues flooding alert
A spokesman said the “notification of unusual event” sent to the Nuclear Regulatory Commission was expected as the Missouri River swells above record levels. The declaration is the least serious of four emergency notifications established by the federal commission. More »
Unit of Aussie giant plans to grow in oil, natural gas
For such a large company, BHP Billiton Petroleum has managed to keep a fairly low profile. But with a huge U.S. natural gas acquisition this year, its aggressive re-entry into the deep-water Gulf of Mexico after the BP oil spill and speculation it could buy a competitor, the Australian company is gaining more attention.
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Westway Terminal gains capacity in Valero deal
The deal gives Westway the right to lease 5.7 acres of land adjacent to its terminal for up to 30 years and to purchase three tanks totaling 3 million gallons of capacity and certain associated dock lines and dock assets. More »
Probe: Industry’s pull may have hurt pipeline safety
Pipeline operators and their trade organizations shaped, managed and provided sizable funding for numerous safety studies conducted by the federal agency that regulates the industry, a Hearst Newspapers investigation shows. More »
Libya rebel oil chief says West failing insurgents
Libya’s rebel oil chief accused the West on Saturday of failing to keep up its promises to deliver urgent financial aid, saying his authority had now run out of cash completely after months of fighting. (Via Reuters)
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Get ‘em while you can: Tesla’s Roadster nears end of production
U.S. buyers have snapped up the remaining Roadsters faster than expected. With prices starting at $109,000, the electric sports car was never meant for the mass market. More »
Commentary: Energy seesaw is mighty uncomfortable
Our energy conundrum is on display at the Texas-Louisiana border, Loren Steffy writes. That’s where Houston-based Cheniere Energy operates its Sabine Pass liquefied natural gas plant, but companies like Cheniere can make more money selling gas overseas than they can selling it here. More »
Houston-made biofuel powers trans-Atlantic flight
Honeywell’s Gulfstream G450 corporate jet, which will run on a 50-50 blend of biofuel dervied from camelina plants and petroleum-based jet fuel, will be the first ever trans-Atlantic, biofuel-powered flight. More »
Big Bank meets Big Oil: Goldman’s coming to Houston
The fifth-largest U.S. bank will beginning buying and selling crude oil, natural gas liquids and other commodities for physical delivery out of a new Houston office later this year. More »
API: U.S. oil supply highest since 1980
Domestic supplies rose to the highest level in 31 years for the month of May as refineries processed less crude amid a decline in gasoline demand, according to a report out today from the American Petroleum Institute. More »
Oil falls near four-month low *updated*
Crude settled at $93 a barrel on doubts European efforts to resolve the Greek debt crisis will succeed, spurring concern of reduced economic growth and fuel demand. More »
April 26, 2013
Loading ...- The award-winning team behind FuelFix.com:
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policy reporter
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business editor
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energy reporter
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assistant business editor
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web producer
Emily Pickrell
energy reporter
Simone Sebastian
assistant editor, FuelFix
Zain Shauk
energy reporter
Harry R. Weber
energy reporter
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