Fuel Fix


First casualty of greenhouse gas rules may be Texas plant

Developers targeted 2013 to begin operating a new power plant fueled by the carbon-rich leftover from nearby oil refining in Corpus Christi.  More »
(Image: SunPower)

South Texas wastewater plant goes solar

The 1,316 solar panels at Weslaco’s southern wastewater treatment plant gleamed in the heat June 27 — their second day on the job. When the panels were officially plugged in last week, the facility went from being an energy consumer to a self-supporting energy generator.  More »
Money Roll

Get ready for the end of record corporate profits

For almost three years, no matter what has rattled the financial markets — a debt crisis in Europe, high gasoline prices, a slower economy — investors have been soothed by rising corporate profits.  More »

BP part of serious fraud office bribery probe, report says

BP Plc (BP/) is part of a U.K. Serious Fraud Office investigation over bribery allegations relating to one of its engineering contractors in Azerbaijan, the Daily Telegraph reported, without saying where it obtained the information.  More »

Iran sees no need for emergency OPEC oil meeting

Iran sees no need for OPEC to hold an emergency meeting if the current trend of rising crude prices continues, Shana reported, citing the nation’s oil minister.  More »
(Photo: First Solar)

First Solar Bonds Financing $4.6 Billion U.S. Panel Boom

Underwriters from Bank of America Corp. (BAC) to Credit Suisse AG and Citigroup Inc. (C) for the first time are close to converting sunlight into cash to pay bond investors.  More »
(Photo: Flickr, Caston_Corporate)

Anton Oilfield sells 20% stake to Schlumberger for $82 million

China’s Anton Oilfield Services Group sold a 20 percent stake to Schlumberger Ltd., the world’s largest oilfield-services provider, Antonoil said.  More »
Protesters rally against hydrofracking as the legislative session winds down at the Capitol in Albany, N.Y., in June 2012.  A coalition of 100 environmental, health and community groups called for Gov. Andrew Cuomo to reject any demonstration project for shale gas drilling using hydraulic fracturing. (AP Photo/Tim Roske)

Protesters lead to temporary shutdown of Pa. rig

An energy company says protesters demonstrating against hydraulic fracturing at a Pennsylvania state forest have led to a gas drilling rig temporarily being shut down.  More »
The president of the Brazilian state-owned oil company Petrobras, Maria das Gracas Silva Foster.(ANTONIO SCORZAANTONIO SCORZA/AFP/GettyImages)

Petrobras wants to stem losses by adding ethanol

Petrobras is asking the government to let it mix more sugarcane-based ethanol into its gasoline.  More »
TNK-BP headquarters in Moscow (AP file photo/Misha Japaridze)

TNK-BP billionaires will seek half of BP’s stake

AAR, the group representing the billionaires, will notify the British company of an intention to negotiate for the stake this month.  More »
With federal inspectors watching, Shell deploys its Arctic well capping stack in the Puget Sound. (Photo: Shell Oil Co.)

Coast Guard repair order could delay Shell Arctic drilling

Coast Guard-ordered improvements to a key support vessel may be another impediment to Shell’s plans to search for oil this summer under Arctic waters in Alaska.  More »

Norway oil strike talks to resume

Norwegian Labour Minister Hanne Bjurstro told striking oil workers to resume talks with employers to resolve a strike that’s threatening to halt even more oil and gas from western Europe’s largest crude exporter.  More »