Fuel Fix

Fire boat response crews battle the blazing remnants of the Deepwater Horizon rig in the Gulf of Mexico in April 2010.  (Photo: HO/AFP/Getty Images)

Obama spill panel members to press for safety progress

The seven members of President Obama’s commission on the 2010 Gulf of Mexico oil spill they have formed a group to monitor federal and industry progress on putting in place their safety recommendations, an environmental group said Wednesday.  More »
Oil from the Deepwater Horizon spill is seen floating on the surface of the water in Bay Jimmy, near where oil was spotted in June 2011. (AP Photo/Gerald Herbert, File)

Investors appear confident in BP settlement figure

BP’s estimate that it will pay $7.8 billion to settle thousands of Gulf oil spill claims has reassured investors even as lawyers for plaintiffs emphasize that the figure may be low.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron predicts a jump in output

Chevron Corp. said today it is on track to increase production by 20 percent by 2017, boosted by major liquefied natural gas projects in Australia and shale plays worldwide.  More »
(AP file photo/Marco Garci)

Tesoro CEO optimistic about union negotiations

Tesoro Corp. CEO Greg Goff said Tuesday he’s “comfortable” believing his company can reach an agreement with the United Steelworkers on contract negotiations that affect five of Tesoro’s seven refineries.  More »
Nomac Drilling Corp. floorman Matthew Brown, right, steadies a section of drill pipe as floorman Richard Lane cleans the connection during natural gas drilling operations for Chesapeake Energy Corp. in Bradford County, Pennsylvania, U.S. (Photo: Daniel Acker/Bloomberg)

Sierra Club spurns $30 million gift after fracking turns toxic

Environmental and health groups are calling for tougher U.S. regulation of hydraulic fracturing for natural gas, turning on a one-time donor to their causes: Chesapeake Energy Corp. (CHK)  More »
The Valero Refining Company, in Corpus Christi. (AP Photo/Paul Iverson)

Refiners push EPA to scrap gasoline rule

Refiners are pushing the U.S. Environmental Protection Agency to delay tighter pollution rules for gasoline, while automakers say they need the cleaner fuel.  More »
(AP file photo/Elaine Thompson)

Houston drivers get free gas today

It might be a gimmick, but free gasoline isn’t a fantasy – at least for today.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

IEA predicts bumpy ride for oil amid world supply cuts

The International Energy Agency cut forecasts for oil supplies from outside OPEC this year because of lower exports from Sudan and Syria, cautioning that reduced spare output capacity raises the risk of a price surge.  More »
Petrobras workers walk on platform 51 "Majuro" in Angra dos Reis, Brazil. (AP Photo/Ricardo Moraes)

Brazil oil rig operated for Petrobras tilts, well is shut

An oil platform operated by Queiroz Galvao Oleo e Gas SA for Petroleo Brasileiro SA (PETR4) in Brazil’s southeastern Campos Basin tilted 3 degrees and the well it was drilling was shut for safety reasons, the country’s oil regulator said.  More »
(AP file photo/John Moore)

Saudi oil chief pledges to offset shortfalls

Saudi Arabia’s oil minister said Wednesday that his country and other oil exporters are ready to offset any shortfalls in supply because of market volatility — an apparent reference to showdowns with Iran over its nuclear program.  More »
Prices for three grades of gasoline are posted in front of a service station Wednesday, Feb. 22, 2012, in Bellevue, Wash., near Seattle. (AP Photo/Elaine Thompson)

Alaska bill against fuel price gouging has hearing

A bill aimed at gasoline refiners that would ban price gouging received a hearing Tuesday before a skeptical Senate committee.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

$900M gas-processing operation planned in Ohio

A group of companies is planning $900 million operation for processing natural gas and natural gas liquids in eastern Ohio.  More »
Sand or other small substances are used in hydraulic fracturing to prop open fissures in shale formations to allow natural gas to flow. (AP Photo/Minnesota Public Radio, Mark Steil)

Colorado investigates dumping of fracking sand

Colorado officials are investigating the dumping of radioactive sand related to hydraulic fracturing into an unpermitted pit at an EOG Resources oil well in northern Weld County.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil falls to near $106 after US crude supply jump

Oil prices fell to near $106 a barrel Wednesday in Asia after a report showed a jump in U.S. crude supplies, a sign demand remains sluggish.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

Chesapeake to invest in Utica shale complex

Chesapeake Energy Corp. and partners plan a midstream complex to service the emerging Utica shale play in eastern Ohio.  More »