El Paso to spin off E&P unit
Houston’s El Paso Corp. announced this morning it plans to split into two separate public companies: pipelines and exploration and production. More »
Rods in 3 reactors at Japan plant mostly melted
As U.N. inspectors launch probe into the Fukushima Dai-ichi disaster, TEPCO reveals that fuel in three of the plant’s six reactors started melting after the March 11 tsunami knocked out cooling systems, prompting huge releases of radiation into the atmosphere. More »
FuelFix Newslinks |05.24.11|
Drillers win again in Texas lege. X Prize for spill technology. Cali carbon tax on ice. More »
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Blast hits Iran refinery as Ahmadinejad visits
An explosion blamed on a gas leak rocked Iran’s largest refinery on Tuesday around the time of a visit to the plant by President Mahmoud Ahmadinejad. Iranian media reported that at least two people were killed in the blast. More »
Tullow deal favors Dutch North Sea
In announcing its $422 million acquisition of Nuon Exploration and Production, London-based Tullow said it’s focusing on projects in the “stable and attractive tax regime” in the Dutch sector of the North Sea after a tax increase in the U.K. More »
Saudis face up to end of ‘easy oil’
As demand for energy grows and fields of easy-to-drill oil around the world start to dry up, Saudi Arabia is turning to a much tougher source: the billions of barrels of heavy oil trapped beneath the desert. (Via WSJ) More »
Norway criticizes Shell for safety lapses on rig
A safety agency reprimanded the oil giant over issues at Shell’s Draugen facility, located in shallow water off Norway’s west coast, following a 2010 incident the agency said had “major accident potential.” More »
Petrobras sees no need for more gasoline imports
Brazil’s state-run oil company said it does not expect more imports of gasoline in the short term as more substantial volumes of ethanol from the new cane season reach the market. (Via Reuters) More »
GOP pushes bill to force decision on Keystone XL pipeline
Lawmakers are considering whether to force the Obama administration to issue a verdict soon on the proposed project, which would deliver oil sands crude from Canada to Gulf Coast refineries. Supporters argue it could help lower gasoline prices. Skeptics say it would open an avenue for oil companies to export the oil sands crude to China. More »
U.K. lawmakers give shale gas drilling a green light
The approval makes it likely that Britain will follow in the footsteps of Poland, which last week announced plans for major investment in shale gas to break free of dependence on Russian imports and boost its economy. More »
Oil slides and gasoline pump prices drop
Oil dropped more than 2 percent Monday as the dollar strengthened and an energy research group said it expected the growth in Chinese demand for oil to slow later this year. At the pump, gasoline prices dropped nearly a penny as oil retreated. More »
Regulators, government scientists agree to collaborate offshore
The federal ocean energy bureau and NOAA will work together to study the environmental consequences of proposed offshore drilling and renewable energy projects along the nation’s coasts. More »
April 26, 2013
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