Fuel Fix

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More power outages hit Texas City refiners

A broken power line insulator may be behind outages in Texas City and LaMarque that knocked some refineries offline Friday morning. Power was restored later in the day.  More »
(Photo: Steve Snodgrass/Flickr)

Is gasoline demand running on vapors?

How much gasoline does America burn? It’s a critical question for oil companies, economists, investors and OPEC, among others. But the data are a little slippery. (Via W$J)  More »
(AP file photo/John McConnico)

Putin: Shell could work with Rosneft in Arctic

Russia’s state-controlled oil company could team up and swap shares with Royal Dutch Shell in an Arctic offshore deal similar to one that fell through with BP this month, the prime minister said Friday.  More »
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Constellation buys StarTex for $142.5M

The all-cash deal gives Baltimore, Md., based Constellation a foothold in the Texas mass market, the most active residential market in the country.  More »
The City of Houston's new EcoPark airport shuttle runs on natural gas. (Photo: City of Houston)

Natural gas vehicle bill heads to Perry’s desk

The Texas Senate gave the final OK on a bill that would encourage the use of natural gas-fueled heavy trucks and build natural gas filling stations between Texas’ major cities.  More »
(Image: Fotolia)

GOP presidential hopefuls shift on global warming

Faced with an activist right wing that questions the science linking pollution to changes in the Earth’s climate and also disdains big government, most of the Republican contenders have stepped back from their previous positions on global warming.  More »
(AP file photo/Paul Sakuma)

Texas Energy Star sales tax holiday kicks off Saturday

The incentive program for power-saving appliances runs Saturday through Monday. Sales can be in stores, online and through certain catalog providers.  More »
The tsunami-stricken Fukushima Dai-ichi nuclear power plant in northeastern Japan. (AP Photo/Tokyo Electric Power Co.)

Fukushima’s tsunami safety plan was a one-page memo

A single-page document written a decade ago by operators of Japan’s crippled nuclear plant was enough to convince regulators that its reactors were safe from the worst waves an earthquake could muster.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |05.27.11|

Impatience with CFTC. ATP finishes first post-spill deep well. GE says sun power’s gonna be cheap.  More »
The Eirik Raude semi-submersible rig operates on the Jubilee Field offshore Ghana. (Photo: Tullow Oil)

Tullow makes $305M deal to increase Jubilee stake

The firm’s agreement to buy the offshore Ghanaian interests of EO Group will boost Tullow’s interest in West Africa’s biggest oil discovery in a decade. Tullow’s partners in Ghana are Kosmos Energy, Anadarko Petroleum and Ghana National Petroleum.  More »
Former BP CEO Tony Hayward appears before the Energy and Climate Change Committee in the House of Commons, London in this image taken from TV Wednesday Sept. 15, 2010.  (AP Photo/PA)

Defense veteran in talks to join Hayward energy fund

The board of Tony Hayward’s new energy fund, Vallares, which will see the former head of BP return to British corporate life, is taking shape. George Rose, the former finance director at defense contractor BAE Systems is in talks to take up the position of chair of the audit committee. (Via FT.com)  More »
(Photo: poeloq/Flickr)

PetroChina parent raises stake to bolster sagging shares

CNPC has raised its stake in the firm to 86.3 percent and plans to buy more stock in an apparent effort to bolster the share price of Asia’s largest oil and gas producer. (Via Reuters)  More »