Fuel Fix

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 »

Apache works to promote natural gas as transportation fuel

In an effort to increase demand for the natural gas it produces by making the fuel more accessible to potential consumers, Apache paid about $1.3 million for a compressed natural gas station near Bush Intercontinental Airport, which began fueling the Houston Airport System’s fleet of 30 CNG-powered parking shuttles last month.  More »
(AP file photo/David J. Phillip)

Dynegy Inc. makes bankruptcy filing

Long-struggling power producer Dynegy Inc. filed for bankruptcy, joining its subsidiary that filed for Chapter 11 protection last year. The parent company will merge with its Dynegy Holdings unit as part of a plan to reorganize both companies.  More »

LNG prices may peak with Japan starting nuclear plants

Japan’s plan to start nuclear power stations for the first time since last year’s Fukushima disaster is stoking speculation that prices for liquefied natural gas have peaked after reaching a three-year high.  More »
Iranian flag

Putin gains from Iran’s oil pain

Sanctions on Iran are bolstering oil revenues for its ally Russia as refiners seeking replacement supplies trigger the biggest rally in Urals crude since President Vladimir Putin first came to power.  More »
(Image: Fotolia)

Feds settle Western energy corridor lawsuit

Parts of a plan for designating thousands of miles of energy corridors in 11 Western states will be revamped under a settlement reached by federal land managers, more than a dozen environmental groups and one Colorado county.  More »

Solar, wind energy a missed opportunity for Cuba

Cuba is proud of its success in using alternative energy to bring electricity to isolated hamlets like Ramon Gordo, 90 miles west of Havana. But scientists say the island, blessed with year-around sunshine and sea breezes but plagued with chronic energy shortages, could be doing much more on the national level.  More »
Commercial oil tanker AbQaiq readies itself to receive oil at Mina-Al-Bkar Oil terminal (MABOT), an off shore Iraqi oil installation.(U.S. Navy)

U.S. hits record exports of diesel, other distillate fuels

Imports of distillate fuels fell 42 percent during the first four months of the year compared to the same period in 2011, according to the U.S. Energy Information Administration.  More »

ConocoPhillips, Origin OK 2nd stage of LNG venture

The companies said the cost estimate hasn’t changed significantly even as rival BG Group faces a blowout.  More »

JPMorgan ordered to explain withholding emails

The Federal Energy Regulatory Commission sued JPMorgan on July 2 to release 25 emails in an investigation of possible manipulation of power markets in California and the Midwest.  More »