Fuel Fix

(Lisa Poole / AP2009)

Phillips 66 profits from refining U.S. crude

Newly independent refining corporation Phillips 66 is tying its success to North America’s growing bounty of crude, employing a bevy of transportation methods to free its refineries from higher-priced oil imports.  More »
The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford Shale. (San Antonio Express News/John Davenport)

Texas using health care reform ruling to fight EPA

Texas may have new courtroom ammunition in its fight over federal regulation of greenhouse gases: the Supreme Court’s recent ruling on health care reform.  More »
A worker walks through pipes connecting storage tanks and pumps in the hydraulic fracturing process. (AP Photo/Keith Srakocic, File)

Gas drilling research suffers from lack of funding

Is gas drilling ruining the air, polluting water and making people sick? The evidence is sketchy and inconclusive, but a lack of serious funding is delaying efforts to resolve those pressing questions and creating a vacuum that could lead to a crush of lawsuits, some experts say.  More »
(AP Photo/Arktikmorneftegazrazvedka, HO)

Russia watchdog seeks to widen offshore access for oil producers

Russia’s antitrust watchdog is urging the government to open access to oil and gas deposits on the continental shelf to non-state producers such as OAO Lukoil.  More »
(Photo: Mathijs B/Flickr)

Large fire reported at Oklahoma oil refinery

Fire crews have been battling a large fire at an oil refinery in Tulsa.  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 loses $133 million a day on embargo, buoying Obama

U.S.-led sanctions against Iran are costing OPEC’s third-largest producer $133 million a day in lost sales without raising global crude prices, handing President Barack Obama an election-year foreign-policy victory.  More »
Japan Earthquake

Prosecutors start criminal probe into Fukushima nuclear accident

Fukushima prosecutors began a criminal investigation into last year’s nuclear-plant accident after more than 1,300 residents filed a complaint against executives of Tokyo Electric Power Co. including former Chairman Tsunehisa Katsumata.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

Florida AG questions BP oil spill settlement

State Attorney General Pam Bondi says a proposed settlement with BP over the Gulf of Mexico oil spill may leave Floridians shortchanged.  More »
A man walks in front of Duke Energy Corporate Headquarters in a Charlotte, N.C.  (AP Photo/Nell Redmond, File)

Duke Energy 2Q earnings up, Progress Energy slips

Duke Energy is reporting that net income rose 2 percent in the second quarter on higher electric rates and lower storm restoration costs.  More »
The Deepwater Horizon oil rig burns off the coast of Louisiana on April 21, 2010.  (AP file photo/Gerald Herbert)

Spill weighs down Transoceans revenue gains

Transocean reported a loss of $304 million during the second quarter because of budgeted payments for the 2010 Gulf of Mexico oil spill, the company said Wednesday.  More »
(AP Photo/Nati Harnik)

Lawmakers ask for broad environmental review of Keystone XL

Nearly two dozen Democratic lawmakers asked the State Department to launch a broad new environmental analysis of the proposed Keystone XL pipeline, now that its planned route through the Midwest has been altered. Industry leaders say only the new portions of the route should be subject to review.  More »
Steam rises from the cooling towers of nuclear reactors at Georgia Power's Plant Vogtle, in Waynesboro, Ga. The U.S. Nuclear Regulatory Commission is expected to vote Thursday, Feb. 9, 2012 on Southern Company's application to begin full construction of the nation's first new nuclear units in 30 years at Plant Vogtle. (AP Photo/Mary Ann Chastain, File)

Investor calls CB&I’s $3-billion buy ‘distracting’

A substantial investor in an engineering and construction firm that operates out of The Woodlands says it will oppose a “distracting” $3 billion acquisition by the company and urge other shareholders to do the same.  More »