Fuel Fix

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Cleanup prep continues at Alaska well blowout site

Alaska environmental regulators say cleanup preparations continue at the site of an exploratory well blowout on Alaska’s North Slope.  More »
The Ensco 8501 semi-submersible rig in the Gulf of Mexico (Jennifer A. Dlouhy/Houston Chronicle)

U.S. oil gusher blows out projections

The United States’ rapidly declining crude oil supply has made a stunning about-face, shredding federal oil projections and putting energy independence in sight of some analyst forecasts.  More »
Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

Iran cuts oil to Britain and France

Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran’s crucial fuel exports.  More »
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BP fire at refinery in Washington state is out

A fire at BP’s Cherry Point oil refinery in Washington state that forced some process units shut and prompted a partial evacuation of the plant has been extinguished, according to a company spokesman.  More »
(Photo: Matt Churchill/Flickr)

No big energy provisions in payroll tax bill

The payroll tax cut bill that Congress approved today contained no big energy-related provisions, after speculation each side was seeking to include them in a compromise.  More »
A pump jack in one of three Wyoming oil fields purchased by Australian firm Linc Energy. Linc also purchased oil fields along the Texas/Louisiana Gulf Coast from Houston-based ERG Resources in June 2011. (Photo: Linc Energy)

Industry slams plan to hike royalty rate for federal lands

The oil-and-gas industry is attacking Interior Secretary Ken Salazar’s comment that his department planned to raise royalty rates for oil and gas produced on federal lands by 50 percent.  More »
Mickal Vogt of Covington, La., uses a stick to place tar balls in a jar that washed up on the shore in Orange Beach, Ala., Saturday, June 12, 2010. Large amounts of the oil battered the Alabama coast, leaving deposits of the slick mess some 4-6 inches thick on the beach in some parts. (AP Photo/Dave Martin)

Minority partner to pay $90 million over oil spill

MOEX Offshore 2007 LLC owned 10 percent interest in the Macondo well, about 50 miles off the Louisiana coast.  More »
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Crude oil settles at its highest level of 2012

Benchmark U.S. crude rose 93 cents on Friday to end the week at $103.24 per barrel in New York.  More »

BP seen unlikely to settle spill case before trial

BP executives told analysts they don’t expect to settle litigation arising from the Deepwater Horizon disaster before a trial set to start Feb. 27.  More »
(AP file photo/Marco Garci)

$5 gas is a bold prediction that will surely be wrong

If you Google $5 gas, you are bound to find hundreds of articles predicting historic gas prices this summer, but a gasoline analyst says you shouldn’t believe those predictions.  More »
(Xinhua/Liu Xiao)

Executives no longer blown away by renewable energy prospects

Wind and solar energy companies are finding it more difficult to attract top executives. As recently as four years ago, renewable energy companies were able to lure managers from Silicon Valley with the promise of tech-industry-like stock options and the chance to lead the fight against global warming.  More »
(Photo: James Nielsen, Houston Chronicle)

Natural gas pipeline boom expected to lead to 125,000 new jobs

The rush towards natural gas is also turning natural gas pipeline construction into a booming business, with more than $200 billion capital investment and an additional 125,000 jobs expected in the next 25 years, according to a Black & Veatch study released on Friday.  More »