Fuel Fix

Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility in Tomball, Texas. (Todd Spoth/For the Chronicle)

Logistics sting Baker Hughes’ profit

Houston-based Baker Hughes said its fourth-quarter profit dropped 6 percent because of higher costs and logistical problems with its hydraulic fracturing business.  More »
An Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)

How an embargo of Iranian oil could affect markets

The U.S. and Europe are trying to stop Iran, the world’s third-biggest oil exporter, from selling crude. Iran’s response is to threaten to disrupt shipments from the entire Middle East.  More »
An official at Saudi Aramco watches progress at a rig at the al-Howta oil field in Saudi Arabia in 1997. (AP file photo/John Moore)

Saudi oil can replace large part of Iranian exports

Saudi Arabia has enough spare crude capacity to replace much of the heavy oil exported by Iran, which faces a European Union import ban, according to the Economist Intelligence Unit.  More »

(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.25.12|

Obama tells Congress he wants more energy development. Big Oil had a good 2011, despite a late slump.  More »
Stephen Harper

Harper builds oil links with China after Keystone rejection

Prime Minister Stephen Harper is gaining support among Canadians for his plan to ship oilsands crude to China after President Barack Obama rejected TransCanada Corp. (TRP)’s $7 billion Keystone XL pipeline to the U.S. Gulf Coast.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

North Dakota oil boom brings blight with growth as costs soar

The gravel road that borders Dave Hynek’s North Dakota farm is designed to carry 10 tractor- trailer trucks a day. In a recent 24-hour period, about 800 passed by.  More »
U.S. President Barack Obama makes a speech to a joint session of Congress at the Capitol in Washington, D.C. September 2011. (Photo: Joshua Roberts/Bloomberg)

Obama tells Congress he wants “all of the above” energy strategy

President Obama made the case Tuesday night for producing more of the United States’ energy supplies domestically in pursuing an “all-of-the-above” approach to further bolster the economy and national security.  More »
Former BP America chairman and president Lamar McKay (AP file photo/Haraz N. Ghanbari)

BP’s McKay to be first witness at Gulf oil spill trial

A nonjury trial will begin Feb. 27 to determine which companies share blame for the explosion.  More »
Traders of crude oil and natural gas react during early trading at the New York Mercantile Exchange. (AP file photo/Bebeto Matthews)

Natural gas price rebounding from 10-year low

The price of natural gas futures rose Tuesday for the third straight trading day, adding 3 cents to finish at $2.55 per 1,000 cubic feet.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

Brownsville port hopes to add natural gas terminal

The Port of Brownsville has approved a lease option for a liquid natural gas company that would bring hundreds of jobs to the area if its export terminal project makes it through a lengthy federal approval process.  More »
(File logos)

Keystone foes urge Obama to repeal tax breaks for oil companies

Bill McKibben, leader of a group that pushed President Barack Obama to reject the Keystone XL pipeline, urged the administration to seek repeal of tax breaks for U.S. oil companies in the State of the Union speech.  More »

Former EPA chiefs defend agency against political attacks

William Reilly, co-chair of the presidential commission on the Gulf oil spill, was one of two former EPA administrators to criticize recent political attacks on the agency.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron rig fire on 9th day off Nigeria’s coast

Chevron Corp. says it is still trying to extinguish a nine-day old fire that consumed the visible part of its rig off Nigeria’s coast and killed two foreign workers.  More »
Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Texas Republican to float bill to approve Keystone XL

A Texas Republican lawmaker will introduce legislation Tuesday that would immediately approve the Keystone XL oil pipeline, overcoming the Obama administration’s denial of a permit last week.  More »
(Photo: Fotolia)

IEA predicts crude oil at $247 a barrel by 2035

The International Energy Agency expects nominal crude prices to reach $247 a barrel by 2035, almost twice the $133 assumed by the Organization of Petroleum Exporting Countries, even as expectations for demand converge.  More »