Fuel Fix

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Oil falls to near $106 after US crude supply jump

Oil prices fell to near $106 a barrel Wednesday in Asia after a report showed a larger-than-expected jump in U.S. crude supplies, suggesting demand remains weak.  More »
(AP file photo/Bob Edme)

France poised to release strategic oil reserves

France’s government says it is considering releasing oil from its strategic reserves as part of a U.S.-led effort to increase supply to bring down high prices.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Obama administration advances plan for research along Atlantic coast

The Obama administration will announce Wednesday that it is advancing a plan to allow new seismic research designed to help identify hidden pockets of oil and gas in Atlantic waters along the East Coast. The move by the Interior Department is the beginning of a long path that could ultimately lead to new offshore drilling along the mid- and south- Atlantic.  More »
BP's Valhall oil production platform, located offshore Norway. (Photo: BP)

Offshore drilling safety panels wrap up work

Nearly two years after oil started spilling from BP’s failed Macondo well into the Gulf of Mexico, industry experts are wrapping up their work studying ways to boost the safety of offshore drilling. Joint industry task forces that were convened after the Gulf spill today issued final reports summarizing what they have accomplished and what still needs to be done.  More »
A natural gas drilling site in Houston, Pa. (AP Photo/Keith Srakocic)

Natural gas prices fall again on supply concerns

Any money that consumers are saving on natural gas may be going into the gasoline tank.  More »
(AP Photo/Keith Srakocic)

BP enters Utica Shale in Ohio

BP plans to lease several thousand acres in northeast Ohio for oil and gas exploration in the Utica shale, the company announced on Tuesday.  More »
(Photo: Chris Keane)

EPA proposes limits on power plant greenhouse gas emissions

EPA has proposed its first-ever limits on greenhouse gas emissions from power plants, but the rules would not apply to existing plants or ones scheduled for completion within a year.  More »
(Photo: Steve Snodgrass/Flickr)

Report warns of nuke risk in Calif.

The utility that runs California’s San Onofre nuclear plant misled federal regulators about equipment and design changes that are the likely cause of extensive wear on tubing that carries radioactive water, a report commissioned by an environmental group claimed Tuesday.  More »
This aerial photo shows an oil sands mine facility near Fort McMurray, in Alberta, Canada. The proposed Keystone XL pipeline would carry oil sands crude from projects in Alberta to refineries along the Gulf Coast. (AP Photo/The Canadian Press, Jeff McIntosh, File)

New pipeline plan to rival Keystone XL

Pipeline companies Enbridge and Enterprise Products Partners say they’ll build a new pipeline system linking the Cushing, Okla. hub with the Gulf Coast.  More »
The Texas City Refinery is shown in March 2005. The facility now belongs to Marathon Petroleum. (AP file photo/Tony Gutierrez)

Minor leak reported at BP’s Texas City plant

A Texas City BP plant is reporting a minor chemical leak today.  More »
The State Department's Carlos Pascual says proposed transparency rules would create a more level playing field. Energy companies, however, say the rules would be expensive to follow and would force them to reveal confidential contractual data. Photo: Melissa Phillip / © 2012 Houston Chronicle

Official touts energy transparency rules

Proposed transparency rules for energy companies working overseas would boost competition and begin a worldwide change in how the companies operate outside their home countries, a senior State Department official with an energy focus said in Houston.  More »

BP sells North Sea gas assets to Perenco UK

Oil company BP says it is selling some of its gas assets in the North Sea to Perenco UK for $400 million.  More »
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Petrobras America sues over broken chain on Gulf oil system

Petrobras America Inc. (PETR4) sued marine chain-maker Vicinay Cadenas SA for at least $180 million over losses allegedly caused by a broken chain that let parts of a floating oil production system sink and drift away in the Gulf of Mexico last year.  More »
Steam rises from stacks at the ConocoPhillips refinery  in Rodeo, Calif. (Justin Sullivan/Getty Images)

EPA to reduce new power plants’ carbon pollution

The Obama administration will press ahead on Tuesday with the first-ever limits on heat-trapping pollution from new power plants, ignoring protests from Republicans who have said the regulation will raise electricity prices and kill off coal, a dominant U.S. energy source.  More »
(AP Photo/Ed Andrieski)

Gas drilling rigs decline in Pa. and nationwide

The number of gas drilling rigs is declining in Pennsylvania and nationwide, due to a combination of low natural gas prices and renewed interest in oil.  More »