Fuel Fix

The Exxon Baton Rouge, top, attempts to off load crude oil from the Exxon Valdez on March 26, 1989. (AP file photo)

Exxon Valdez allowed entry into India shipbreaking yard

India’s Supreme Court ruled that the ship that spilt millions of gallons of oil in waters off Alaska in 1989 can be recycled in the nation’s biggest scrapyard in a defeat for an environmentalist.  More »
Former Progress Energy CEO Bill Johnson arrives in Raleigh, N.C., in July to testify at the N.C. Utilities Commission. (AP Photo/The News & Observer, Takaaki Iwabu)

Core drama at largest US electric company lingers

The investigations into whether regulators and consumers were misled in the run-up to the merger of North Carolina’s two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week.  More »
(Photo: Fotolia)

Enbridge Energy reports oil spill in Wisconsin

A pipeline carrying crude oil to Chicago-area refineries has leaked about 1,200 barrels of oil into a Wisconsin field, Enbridge Energy Partners said Saturday.  More »
(Photo: Fotolia)

Oil rises for 5th day on Europe action hopes

Oil prices rose for a fifth day ahead of a meeting Monday between the U.S. Treasury Secretary and top European finance officials as expectations remain elevated for ECB action to prevent Spain’s financial woes from deepening.  More »
(Photo: BFS Man)

Steffy: Worst of both worlds likely for Texas power consumers

Columnist Loren Steffy says that Texas regulators are turning more and more to a controlled market to solve problems with electric deregulation.  More »

Halliburton opens internal probe on Iraq, Angola

The probes are looking at payments made to third-party agents.  More »
Former Progress Energy CEO Bill Johnson arrives in Raleigh, N.C., in July to testify at the N.C. Utilities Commission. (AP Photo/The News & Observer, Takaaki Iwabu)

2 quit Duke board, say new CEO needed

Hours after the merger deal was done, the top Progress Energy executive who the companies had promised for 18 months would lead the combined company was out.  More »
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Emergency drill tests containment equipment in Gulf

Oil industry representatives and regulators are four days into a first-of-its-kind test of how they would respond to a runaway offshore well in the wake of the 2010 Deepwater Horizon disaster. Emergency containment equipment now is en route to a test wellhead in the Gulf of Mexico.  More »
An oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)

Oil rises above $90 on hopes for economic stimulus

Any new government stimulus could reinvigorate consumers and spark spending and borrowing, which would prop up energy demand.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron’s earnings slide buoyed by refining surge

Chevron says its net income fell nearly 7 percent in the second quarter as oil prices and production declined.  More »

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 »