Oil rises as Fed acknowledges economy’s slow pace

FuelFix Newslinks |06.23.11|

Posted on June 23, 2011 at 6:47 am by Tom Fowler in General

Blame it on BP. House speeds up Arctic drilling. Non-corn ethanol target get smaller. More »

TCEQ won’t pursue foreign smog relief

Posted on June 23, 2011 at 6:32 am by Matthew Tresaugue in General

The Texas Commission on Environmental Quality’s board on Wednesday denied a request to ask federal regulators for a break on smog rules because of pollution blowing into the state from other countries. More »

Apache leads in Cook Inlet lease sales

Posted on June 23, 2011 at 6:27 am by Associated Press in General

The Houston company spent about $9 million for roughly 515,000 acres, adding to 300,000 acres of leases it acquired in its entry into Alaska’s oil business in August. More »

Houston pipe distributor to expand South Texas operations

Posted on June 23, 2011 at 6:18 am by Vicki Vaughan in Pipelines

Tex-Isle Supply will built a pipe-coating plant at its 40-acre pipe yard between San Antonio and Corpus Christi to serve operators in the Eagle Ford shale. More »

BP seeks to build 300 gas wells in Oman

Posted on June 22, 2011 at 10:34 pm by WSJ in Middle East, Natural gas

The U.K. energy giant plans to develop the natural-gas wells in what would be one of the company’s largest global projects, its CEO said. (Via W$J) More »

House passes bill to speed Arctic drilling

Posted on June 22, 2011 at 6:29 pm by Jennifer A. Dlouhy in Environment, Offshore, Politics/Policy

The legislation would curtail environmental reviews of coastal oil exploration projects, including Shell Oil Co.’s bid to drill in Arctic waters near Alaska. Bill backers said it would remove bureaucratic obstacles blocking Arctic drilling; critics said it was an oil industry giveaway. More »

Petrobras’ deep-water Gulf project delayed — again

Posted on June 22, 2011 at 6:02 pm by Brett Clanton in Gulf oil spill, Offshore, Oil field services

After repeated delays, the Brazilian oil giant now says the start of production at its Cascade and Chinook fields is targeted for the end of 2011, after earlier promising the project by mid-year. More »

Dynegy names board member to CEO post

Posted on June 22, 2011 at 5:17 pm by Laura Goldberg in Electricity, People

Robert Flexon replaces E. Hunter Harrison, who has been interim CEO and president of the Houston-based power plant operator since April. Harrison will resume his role on the board and serve as non-executive chairman. More »

New pipeline will carry NGLs from West Texas to Southeast Texas

Posted on June 22, 2011 at 5:00 pm by Brett Clanton in Natural gas, Pipelines, Social

Energy Transfer Partners and Regency Energy Partners said they will spend $700 million through a joint venture to build a 530-mile pipeline to carry natural gas liquids from Winkler County in West Texas to a processing plant in Jackson County, east of Victoria. More »

EPA slashes target use of non-corn ethanol in gasoline

Posted on June 22, 2011 at 4:04 pm by Simone Sebastian in General

The federal agency said it reduced the required level of cellulosic ethanol, made from nonfood agricultural products, because of market availability. More »

Transocean videos: BOP maintenance wasn’t the problem at Macondo

Posted on June 22, 2011 at 3:03 pm by Tom Fowler in Gulf oil spill, Social

Transocean details what it believes happened to the BOP on the doomed Deepwater Horizon rig during the May 2010 blowout in two videos released today. More »