Fuel Fix

The Constitution spar in the Gulf of Mexico (Anadarko)

Write-down pulls Anadarko into red

Anadarko Petroleum Corp. reported Monday a fourth-quarter net loss of $358 million as low natural gas prices triggered a one-time non-cash write-down in otherwise robust earnings.  More »
(AP file photo/Alastair Grant)

BP reports $7.7 billion in profits in fourth quarter

British oil giant BP posted a 38 percent surge in profits in the fourth quarter, as it returned to drilling in the Gulf of Mexico and completed its major shoreline cleaning obligations from the 2010 oil spill.  More »
This image provided by BP's spillcam on June 6, 2010 shows oil leaking out of the Macondo well head in the Gulf of Mexico. (AP file photo/BP)

Judge allocates time for start of oil spill trial

A federal judge has set aside nearly seven hours for opening statements in a trial over the deadly rig explosion in the Gulf of Mexico that resulted in the nation’s worst offshore oil spill.  More »

(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |02.07.12|

Energy Department to recoup most of Beacon loan. Industry attacks draft of fracking fluids rule. And how close is America to energy independence?  More »
In this Thursday, March 24, 2011 photo, a cluster of houses is seen in Port Harcourt in Nigeria's Delta region.  (AP Photo/Sunday Alamba)

Total announces offshore oil work near Nigeria

French oil firm Total SA says it has begun work to boost the production of its offshore oil field near Nigeria.  More »
Stephen Harper

Canada’s Harper in China visit focused on energy

Canadian Prime Minister Stephen Harper is visiting China to discuss oil sales and other economic ties following U.S. President Barack Obama’s rejection of a pipeline carrying Canadian oil across the continental United States.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Industry attacks leaked draft of fracking fluid rule

The oil-and-gas industry is attacking a leaked draft of long-awaited government rules that would require companies to disclose the chemicals they use in hydraulic fracturing on federal lands. Environmentalists, meanwhile, are offering muted praise.  More »
(Image: Fotolia)

Oil prices fall below $97

Crude supplies in the U.S. have increased for the past three weeks at a key delivery point in the Midwest, and they’re expected to keep growing this year as the petroleum industry ramps up drilling projects.  More »
Natural gas drilling in the Marcellus Shale (Photo: Just Beneath the Surface)

Pa. gas-drilling bill would yield estimated $190M

Pennsylvania’s booming natural gas industry would pay an estimated $190 million in fees in the first year, money spread across drilling communities and to state infrastructure and environmental programs, under legislation speeding toward votes in the state Legislature Monday.  More »
(Photo: rudyjuanito, Flickr)

Self-defense products hot item in ND oil patch

Self-defense products are becoming a hot item among women in western North Dakota’s booming oil patch, as a burgeoning population and the apparent abduction of a northeastern Montana woman have heightened fears about violence.  More »
(Nabors photo)

Steffy: Former Nabors CEO decision on bonus is a wise move

Nabors’ Industries ridiculously overpaid chairman, Eugene Isenberg, has agreed to waive the $100 million severance payment he was supposed to receive for giving up the chief executive’s title last year.  More »
(Image: Fotolia)

Norway police fine Transocean units for understating profit

Norway’s agency for economic crime said it fined units of Transocean Ltd. for underreporting taxable income in 2001 and 2002.  More »
Eugene Isenberg

Nabors former CEO forfeits $100 million payout, resigns

Nabors Industries Ltd.’s Chairman and former chief executive officer, Eugene Isenberg, has forfeited his $100 million retirement paycheck, in response to a firestorm of shareholder criticism.  More »
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Nigeria military confirms oil pipeline attacked

Nigeria’s military has confirmed that militants using dynamite bombed an Eni SpA oil pipeline running through the country’s crude-rich southern delta.  More »
(Photo: AEI Services)

Renewable power contracts are starting to plunge

The price of renewable power contracts signed by California utilities more than doubled from 2003 through 2011 but has now started to plunge, according to a long-awaited state report issued Friday.  More »