Fuel Fix

Dow Chemical's petrochemical complex in Freeport is one of the largest in the world. (Dow Chemical)

Dow Chemical posts 4Q loss on charge

Dow Chemical Co. is feeling the impact of the slowing European economy, and seeing some weakness in North America as well.  More »
(Photo: Flickr, Caston_Corporate)

SandRidge Energy to buy Dynamic Offshore

SandRidge Energy Inc. agreed to buy closely held Dynamic Offshore Resources LLC, formed in 2008 by Riverstone Holdings LLC, for $1.28 billion to increase its oil reserves.  More »
Mohammad Rezaie changes the gas prices at his Union 76 gas station in Oakland, Calif., Friday, Nov. 11, 2011.  The price of oil is flirting with $100 per barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and trigger another recession. (AP Photo/Paul Sakuma)

Should President Obama get the blame for high gas prices?

As gasoline prices edge closer to the $4-mark, consumers are looking for someone or something to point the finger at, and President Barack Obama is almost always on the top of the list.  More »

Steam rises from stacks at the ConocoPhillips refinery  in Rodeo, Calif. (Justin Sullivan/Getty Images)

GOP urges feds to scrap climate rule for new power plants

House Republicans asked the Obama administration to withdraw a pending rule that would implement the first-ever standards on greenhouse-gas emissions from new power plants, saying it would “impose additional energy costs on a struggling American economy.”  More »
(Melissa Phillip/Houston Chronicle)

Judge refuses to compel Transocean CEO’s testimony

A federal magistrate has ruled that Transocean Ltd. doesn’t have to make its CEO, Steve Newman, available to testify at a trial for tens of thousands of court claims spawned by the Gulf oil spill in 2010.  More »
(AP file photo/Paul Sakuma)

Shell looks past weak earnings, targets new growth

Royal Dutch Shell PLC’s top executives dismissed weaker than anticipated fourth quarter earnings as a blip on Thursday and said Europe’s biggest oil company would embark on a new program to boost production, notably in North America.  More »
Demonstrators march with a replica of a pipeline during a protest against the Keystone XL Pipeline outside the White House on Sunday, Nov. 6, 2011, in Washington.  (AP Photo/Evan Vucci)

Canada ambassador: Pipeline should be built “on merits”

The U.S. government must decide whether it wants more oil from Canada or wants to continue relying on high levels of supplies from the Middle East and Venezuela, the Canadian ambassador to the United States said Wednesday while in San Antonio.  More »
(AP file photo/Marco Garci)

Tesoro reports loss in 4Q

San Antonio-based refiner Tesoro Corp. reported a loss in the fourth quarter because of weak refining margins and unfavorable prices for crude oils.  More »

PetroChina agrees to buy stake in Shell’s Canada project

PetroChina Co. (857), the country’s biggest energy producer, said it has agreed to buy a 20 percent stake in Royal Dutch Shell Plc (RDSA)’s Groundbirch shale-gas project in Canada to gain drilling expertise and technology.  More »
Heather Peters, who says her 2006 Honda Civic Hybrid never achieved the gas mileage Honda claimed in its advertising, and also did a computer upgrade that further diminished the mileage, arrives at Small Claims Court in Torrrance, Calif., Tuesday, Jan. 3, 2012. Peters had opted out of a class action settlement agreed to by Honda because it does not provide enough remuneration. On Feb. 1, 2012, it was announced that Peters had won her unusual lawsuit against the auto giant over the vehicle's failure to deliver the promised mileage. A Los Angeles Superior Court commissioner has awarded Peters $9,867, just under the Small Claims Court limit of $10,000. (AP Photo/Reed Saxon)

Woman wins small-claims suit over Honda hybrid mpg

A Southern California woman who challenged the legal status-quo by filing a small-claims action against Honda won her lawsuit Wednesday when a judge ruled that the automaker misled her about the potential fuel economy of her hybrid car.  More »
American flags fly  near the Shell refinery in Martinez, Calif.   (AP file photo/Ben Margot)

3 states offer big tax breaks for Shell Oil plant

Pennsylvania, Ohio and West Virginia are trying to top each other with the sweetest package of tax breaks for Shell Oil Co., which plans to build a huge new petrochemical refinery in the region.  More »
An oil clean-up vessels processes leaked oil on the sea surface around the C platform of the Penglai 19-3 oilfield in Bohai Bay, China on July 11, 2011. (Photo: Associated Press)

Japan protests to China over undersea gas drilling

Japan has accused China of unilaterally exploring gas deposits in the East China Sea, in violation of an agreement to jointly develop disputed areas.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |02.02.12|

ANWR bill clears House committee. Shell reports weak fourth quarter earnings. And does Obama’s Keystone decision undermine his State of the Union speech?  More »
A drilling rig in Pavillion, Wyo., used to drill a deep water well for testing. (Photo: EPA).

EPA official defends Pavillion fracking study, but warns of its limits

A top Environmental Protection Agency official fended off Republican and industry attacks on a controversial study that found a likely link between hydraulic fracturing and groundwater contamination in Pavillion, Wyo.  More »
Natural gas drilling in the United States has led to far cheaper prices here than in Asia. Photo: Matt Nager / HC

Booming production pushes natural gas price down

“We remain bullish on the future of natural gas as an energy source,” Exxon Mobil investor relations chief David Rosenthal said.  More »