Fuel Fix

Houston Ship Channel (AP file photo/Pat Sullivan)

Houston Ship Channel has 41 vessels stalled

Forty-one ships were waiting to pass through the Houston Ship Channel, which serves the largest U.S. petroleum port, after fog halted traffic yesterday, the Coast Guard said.  More »
(Photo: Julien Tromeur, Flickr)

Oil prices ‘high’ because of political tensions

Oil-producing nations in the Middle East and Africa said current crude prices at $125 a barrel are “high” as a result of international political tensions.  More »

CPS to close on plant deal in April

CPS Energy said Monday that it expects to close in April on its purchase of a natural-gas-fired plant in Seguin.  More »

permian basin

Anadarko plans to boost spending by 13 percent

Anadarko Petroleum Corp. (APC), the largest U.S. independent oil and natural-gas producer by market value, plans to boost spending as much as 13 percent as it taps onshore crude reservoirs and pushes ahead on African projects.  More »
A polar bear in Alaska's Arctic National Wildlife Refuge. (AP file photo/Subhankar Banerjee)

A state-backed ad campaign for ANWR development?

An Alaska lawmaker is proposing state funding to support advertising campaigns that promote drilling in the Arctic National Wildlife Refuge.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

NY Assembly calls for fracking health impact study

Environmental and health groups are praising the New York State Assembly for including an independent health impact study of hydraulic fracturing for natural gas in its budget proposal on Monday.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

BP’s BTC oil pipeline carried less crude in past two months

The BP Plc-operated Baku-Tbilisi- Ceyhan pipeline carried almost 5.23 million metric tons of Azeri crude oil in the first two months of the year, a decline of 8.8 percent from a year earlier.  More »
An Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)

Iran power declining in oil market as explorers spend $90 billion

The Iran-driven run in oil prices to the highest since 2008 masks the Middle East producer’s diminishing importance to global oil supplies as record spending on drilling unearths reserves from Argentina to Angola.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko starts production at new well in Gulf of Mexico’s Green Canyon

Anadarko Petroleum has begun production at a new well in the Gulf of Mexico and reports promising flow test results from a well in offshore Mozambique.  More »
(AP file photo/David J. Phillip)

Dynegy to meet with creditors as U.S. cites ‘mismanagement’

The U.S. government called for a trustee to take over management.  More »
(Image: Fotolia)

U.S. gasoline price jumps as crude declines

The Oil Price Information Service says gas prices could rise as high as $4.25 per gallon.  More »
Cellulosic ethanol is made from switchgrass and other nonfood products. (AP Photo/Noble Foundation)

Industry group challenges cellulosic biofuel quota

The American Petroleum Institute filed a legal challenge to a U.S. cellulosic biofuel mandate on Monday, alleging a “complete commercial supply” doesn’t exist for fuel makers to meet the program’s minimum quota for 2012.  More »
U.S. President Barack Obama makes a speech to a joint session of Congress at the Capitol in Washington, D.C. September 2011. (Photo: Joshua Roberts/Bloomberg)

Gasoline prices weighing down Obama, poll finds

Nearly two-thirds of Americans disapprove of the way President Barack Obama has handled rising gasoline prices, according to a new poll. The White House fought back with a progress report that seeks to defend Obama’s record on energy.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

BP settlement with plaintiffs could be worth more than $7.8 billion

While there is not even ink yet to dry on a proposed agreement between the Plaintiff Steering Committee and BP to settle the Deepwater Horizon litigation, both sides are trying to put out misunderstandings in the week and a half since the settlement was announced.  More »
The Deepwater Horizon oil rig burns in the Gulf of Mexico on April 21, 2010. (AP file photo/Gerald Herbert)

Steffy: Those left out of BP settlement

The proposed settlement between BP and business owners and others harmed by the Deepwater Horizon disaster is a big step in repairing the economic hardship unleashed by the oil spill, but it overlooks those most affected by the explosion that killed 11 men.  More »