Fuel Fix

CNOOC_marquee

Democrat asks U.S. regulators to block CNOOC-Nexen deal

Sen. Charles E. Schumer, D-N.Y., wants the Obama administration to block a record-setting bid by China’s state oil company to buy Canada’s Nexen until the country guarantees the U.S. fair access to Chinese markets.  More »
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

TransCanada receives final permit for part of Gulf Coast pipeline

TransCanada CEO Russ Girling said construction will begin this summer on the Gulf Coast leg of the much-debated Keystone XL pipeline.  More »
BPsign

BP ordered to pay TNK-BP $3.1 billion on Rosneft deal

A Russian court ordered BP Plc to pay TNK-BP, its venture with a group of billionaires, 100.4 billion rubles ($3.1 billion) in damages over the U.K. company’s failed tie-up with OAO Rosneft.  More »
Drivers fill up at an Exxon Mobil gasoline station. (Eric Thayer / 2008 Getty Images)

Big Oil’s profits shrink along with prices

Sliding oil and natural gas prices battered energy giants in the second quarter, cutting into the margins reported Thursday by two of the world’s largest oil companies.  More »
(AP file photo/Paul Sakuma)

Shell to invest $4 billion in two Nigerian oil and gas projects

Royal Dutch Shell Plc (RDSA), operator of Nigeria’s largest oil fields, agreed to invest about $4 billion with its partners in two oil and gas projects in the country.  More »
An auction sign is shown at bankrupt Solyndra headquarters in Fremont, Calif., Monday, Oct. 31, 2011 before Wednesday's auction. Solyndra received a one half billion dollar loan guarantee from the government before filing for bankruptcy in Sept. 2011. (AP Photo/Paul Sakuma)

Energy department grants made despite conflicts, report says

A U.S. Energy Department program designed to promote use of alternative fuels for vehicles gave out about $5 million in grants to individuals with conflicts of interest, the agency’s inspector general said.  More »
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total sees revenue rise 10 percent in first half

French oil giant Total saw its revenue grow 10 percent in the first half of the year but provisions and a strengthening dollar helped push profit down 22 percent.  More »
A worker walks through pipes connecting storage tanks and pumps in the hydraulic fracturing process. (AP Photo/Keith Srakocic, File)

Zoning limits in Pa. gas drilling law struck down

A Pennsylvania appellate court panel struck down provisions in a new law regulating the state’s booming natural gas industry that opponents said would leave municipalities defenseless to protect homeowners, parks and schools from being surrounded by drilling sites or waste pits.  More »
Oil workers on an Eagle Ford Shale rig near Tilden, Texas. (John Davenport, San Antonio Express-News)

Groups ask for more room between drilling, schools

Some environmental groups are asking oil and gas regulators to increase distances between drilling rigs and homes and schools.  More »
Shell's Kulluk drilling unit is towed through Seattle's Elliott Bay in late June 2012, as it begins a long journey to Arctic waters north of Alaska. Shell plans to use the Kulluk and the Noble Discoverer drillship to search for oil in the Chukchi and Beaufort seas once ice clears this summer. (AP Photo/Donna Gordon Blankinship)

Shell scales back Arctic drilling plans

Shell is scaling back its plans to drill up to five wells in Arctic waters this summer amid a series of setbacks, including stubborn sea ice still clinging to Alaska’s shores and delays in construction of an emergency oil spill containment barge.  More »
Employees of National Oilwell Varco demonstrate the workings of an oil rig at their Galena Park yard on the Houston Ship Channel where they outfit rigs for land and sea. Photographed April 28, 2008 in Galena Park. ( Eric Kayne / Chronicle )

National Oilwell rises after boosting gear backlog

Cameron reported adjusted earnings of 74 cents per share, 2 cents better than the average of 25 analyst estimates.  More »
Oil workers on an Eagle Ford Shale rig near Tilden, Texas. (John Davenport, San Antonio Express-News)

Exxon Mobil earnings hampered by sliding hydrocarbon sales

Exxon Mobil pulled in its highest quarterly earnings in four years, but sliding oil and gas sales continued to hamper the energy giant’s results.  More »