Fuel Fix


Iran sees no need for emergency OPEC oil meeting

Iran sees no need for OPEC to hold an emergency meeting if the current trend of rising crude prices continues, Shana reported, citing the nation’s oil minister.  More »
(Photo: First Solar)

First Solar Bonds Financing $4.6 Billion U.S. Panel Boom

Underwriters from Bank of America Corp. (BAC) to Credit Suisse AG and Citigroup Inc. (C) for the first time are close to converting sunlight into cash to pay bond investors.  More »
(Photo: Flickr, Caston_Corporate)

Anton Oilfield sells 20% stake to Schlumberger for $82 million

China’s Anton Oilfield Services Group sold a 20 percent stake to Schlumberger Ltd., the world’s largest oilfield-services provider, Antonoil said.  More »
Protesters rally against hydrofracking as the legislative session winds down at the Capitol in Albany, N.Y., in June 2012.  A coalition of 100 environmental, health and community groups called for Gov. Andrew Cuomo to reject any demonstration project for shale gas drilling using hydraulic fracturing. (AP Photo/Tim Roske)

Protesters lead to temporary shutdown of Pa. rig

An energy company says protesters demonstrating against hydraulic fracturing at a Pennsylvania state forest have led to a gas drilling rig temporarily being shut down.  More »
The president of the Brazilian state-owned oil company Petrobras, Maria das Gracas Silva Foster.(ANTONIO SCORZAANTONIO SCORZA/AFP/GettyImages)

Petrobras wants to stem losses by adding ethanol

Petrobras is asking the government to let it mix more sugarcane-based ethanol into its gasoline.  More »
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 »