Fuel Fix

(Photo: Flickr, Caston_Corporate)

Shell extends offer for Cove at lower price than PTT bid

Royal Dutch Shell Plc (RDSA) extended its offer to buy Cove Energy Plc (COV), an oil explorer focused on East Africa, without matching PTT Exploration & Production Pcl (PTTEP)’s higher bid for the firm.  More »
Statoil's Polar Pioneer drills in the Skrugard field in the Barents Sea. (Photo: Harald Pettersen/Statoil)

Statoil makes second ‘high-impact’ discovery off Tanzania

Statoil ASA (STL), Norway’s largest oil and gas producer, said it made a second “high-impact” gas find off Tanzania.  More »
Pete Cella, CEO of Chevron Phillips Chemical, speaks during the groundbreaking for a Baytown plant. The background is a backdrop screen. Photo: Melissa Phillip / © 2012 Houston Chronicle

New Chevron Phillips plant boosts Texas as chemical hub

The 1-hexene plant under construction at Chevron Phillips Chemical’s Cedar Bayou complex will be the world’s largest, and further illustrates Texas’ growth as a major international hub for a petrochemical industry benefiting from a surplus of cheap natural gas.  More »
Actor Kevin Costner, center, arrives at Federal Court in New Orleans with two unidentified women in New Orleans, Monday, June 4, 2012. Stephen Baldwin has sued Costner over their investments in a device that BP used in trying to clean up the massive Gulf of Mexico oil spill. The federal lawsuit filed in New Orleans by Baldwin and a friend claims Costner and a business partner duped them out of their shares of an $18 million deal for BP to purchase oil-separating centrifuges from a company they formed after the April 20 spill. (AP Photo/Bill Haber)

Baldwin accused of threatening to smear Costner

Stephen Baldwin threatened to feed personal information about Kevin Costner to The New York Times if the two actors couldn’t resolve their business dispute over millions of dollars in BP money after the 2010 oil spill in the Gulf of Mexico, a witness testified Wednesday at a trial for Baldwin’s lawsuit against Costner.  More »
(Photo: Brian Turner/Flickr)

State sues ConocoPhillips for storage tank cleanup

The state of Montana is suing ConocoPhillips alleging a state fund paid $5.5 million to clean up leaks from fuel storage tanks while the company collected insurance payments to cover the cost of the environmental work.  More »
A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Exxon Mobil says it is developing Point Thomson

Exxon Mobil is on track to develop part of the huge, remote Point Thomson oil and gas field east of Prudhoe Bay, as required under a court settlement reached earlier this year with the Parnell administration, the company’s senior manager on the project told state legislators Tuesday.  More »
(Photo: Steve Snodgrass/Flickr)

Japan moves closer to restarting nuclear reactors

Japan moved closer to restarting nuclear reactors for the first time since last year’s earthquake and tsunami led to a nationwide shutdown after a mayor gave his support Thursday to bringing two of them back online.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Idea of limited NY fracking divides energy camps

Landowners along New York’s southern border who support natural gas drilling are cheered by reports that the Cuomo administration is considering allowing hydraulic fracturing on a limited basis in towns that want it, though opponents call the idea “shameful.”  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND crude production continues at record pace

North Dakota oil drillers are continuing to pull crude from underground at a record pace.  More »
(Photo: Julien Tromeur, Flickr)

Oil hovers below $83 ahead of OPEC policy meeting

Oil hovered below $83 a barrel today in Asia as some OPEC members push for the group to cut crude production amid falling prices.  More »
(Image: Fotolia)

Oil prices fall on weak retail sales

If Americans aren’t shopping, they don’t need to swing by the gas station for a fill-up quite as often.  More »
(Photo by NOAA via Getty Images)

Feds predict fewer oil disruptions than 2011 hurricane season

Storms will cut about 4.5 million barrels of crude and 9.5 billion cubic feet of natural gas production in the U.S. Gulf of Mexico, according to EIA estimates.  More »