Fuel Fix

This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Brazil says new Chevron oil leak off coast

Oil started leaking again from cracks on the ocean floor near an offshore Chevron well where at least 110,000 gallons spilled late last year, Brazil’s oil regulator said.  More »
President Barack Obama (AP file)

Obama defends energy record

Vigorously defending his policies, President Barack Obama ridiculed critics of renewable energy sources Thursday, calling them naysayers and comparing them to the flat-earthers of yesteryear.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Waste boss: No NY fracking until 2013

The chairman of a Vermont-based company looking to handle waste from shale gas drilling has told investors that hydraulic fracturing in New York state likely won’t begin until 2013.  More »
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Penguins gather on the coast of Murrell Farm near the northeastern corner of the Falkland Islands. The Falklands have struck oil, potentially pumping billions of dollars into their treasury. One downside is the potential for a major spill in seas where penguins, whales, seals and other marine mammals are drawn to unspoiled coasts.   (AP Photo/Michael Warren)

Offshore oil a ‘game-changer’ for Falkland Islands

Falkland Islanders are so accustomed to making do with what they’ve got that many still heat their homes with peat stoves, grow their own vegetables, repair their Land Rovers themselves and raise chickens for their soft-boiled eggs.  More »
The Trans-Alaska pipeline (Photo: BP)

Minge: Parties on track to meet pipeline deadline

The three major players on Alaska’s North Slope are on track to meet a month-end deadline to unite to pursue a natural gas pipeline project, an oil company executive said Wednesday.  More »
(Photo: Julien Tromeur, Flickr)

Oil near $106 as US denies plan to release crude

Oil prices rose slightly to near $106 a barrel Friday in Asia after the U.S. denied reports it and Britain plan to release some their strategic crude reserves.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

Magellan to expand Crane-to-Houston pipeline to 225,000 BPD

Magellan Midstream Partners LP (MMP) will expand the capacity of its Crane, Texas, to Houston crude-oil pipeline to 225,000 barrels a day, according to a statement from the company.  More »
Discoverer Seven Seas, a Transocean rig.

Transocean lands half a billion dollars in drilling contracts

Transocean is earning higher-than-expected daily rates on three drilling rig contracts worth up to $583 million.  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 cut off from global financial system

The action is meant to enforce European Union sanctions and will go a long way toward isolating Iran financially.  More »
President Barack Obama makes a statement  on Thursday, March 17, 2011 about Japan's earthquake, tsunami, and subsequent nuclear concerns.  (AP Photo)

White House denies U.S.-U.K. agreement on tapping oil reserves

The White House denied a news report that the United States and Britain had agreed to cooperate releasing some oil from strategic reserves to counter rising asoline prices.  More »
(AP file photo/David J. Phillip)

Kinder Morgan may sell pipelines to gain approval of El Paso deal

Kinder Morgan tentatively has agreed to sell 7,200 miles of pipeline in order to gain regulatory approval for its merger with El Paso Corp.  More »
Shell-Logo-323x300

Shell selects Pennsylvania for new refinery

Shell has chosen a site near Pittsburgh for a major new refinery that would convert natural gas liquids into chemicals used in many products, but actual construction is years away.  More »