Fuel Fix

An Apache rig drills for natural gas at Matagorda Island in the Gulf of Mexico. (Photo: Apache Corp. via Bloomberg News)

Fossil fuel forecast: a huge role

Leaders of BP and ConocoPhillips called Wednesday for greater access to and development of oil and natural gas fields, as a BP report showed fossil fuels will continue to dominate the world’s energy needs for at least the next 20 years.  More »
Preliminary designs call for a 31-story Anadarko building, ready to be occupied early in 2014. Photo: Handout / HC

Anadarko plans new tower to accommodate growth

Anadarko Petroleum Corp. is close to breaking ground on a second office tower at its headquarters campus in The Woodlands, a spokesman said Wednesday.  More »
Jose Balderas, Kinder-Morgan operations manager for the Yates field, checks one of the Co2 injection well heads, that uses solar and wind energy to power the well head, Thursday, June 2, 2011, in Iraan. The Yates oil field is one of the oldest in Texas. The Yates field has been producing continuously since the 1920s. (Brett Coomer / Houston Chronicle)

Kinder Morgan quarterly distributions up

Houston-based pipeline operator Kinder Morgan Energy Partners on Wednesday reported fourth-quarter distributions per unit of $1.16, up from $1.13 in the October-December period of 2010.  More »

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)

BP may pay U.S. $25 billion for Gulf spill

BP Plc (BP/), the operator of the Macondo well that caused the worst U.S. oil spill in the Gulf of Mexico in 2010, may reach a settlement with the U.S. for as much as $25 billion, Morgan Stanley said.  More »
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

Keystone pipeline seen moving ahead on new route

TransCanada Corp. (TRP)’s $7 billion Keystone XL oil pipeline still will move ahead with an alternate route after President Barack Obama’s decision to deny a permit, investors, public officials and analysts say.  More »
Demonstrators march with a replica of a pipeline during a protest against the Keystone XL Pipeline outside the White House on Sunday, Nov. 6, 2011, in Washington.  (AP Photo/Evan Vucci)

Canada pledges to sell oil to Asia after Keystone rejection

President Barack Obama’s decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports.  More »
Nesting pelicans are seen landing as oil washes ashore at an island near Louisiana in May 2010. (AP Photo/Gerald Herbert)

Officials hold meeting on Gulf restoration plans

Federal and state officials have presented plans to hold BP to its promise to make the Gulf whole in the wake of the 2010 oil-spill disaster.  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 envoy says closing Strait of Hormuz an option if threatened

Iran’s ambassador to the United Nations said closing the Strait of Hormuz, the passageway for about a fifth of the world’s oil trade, is an option if his country’s security is endangered.  More »

Nigeria: 2 presumed dead after Chevron rig fire

Chevron Corp. says it has ended its search for two workers who went missing in a fire on an offshore rig near Nigeria’s coast.  More »
(AP Photo/Bullit Marquez)

US, Filipino forces plan drills near disputed area

U.S. and Philippine marines plan to hold combat drills at an oil rig in the South China Sea to bolster the defense of such sensitive facilities in a bold move that may provoke protests from China, which claims waters in or near the location.  More »
(AP Photo/Keith Srakocic)

Dueling NY studies over natural gas climate impact

Two groups of scientists at Cornell University are dueling over whether natural gas from shale is better or worse than coal when it comes to global climate change.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.19.12|

BP could pay U.S. $25 billion for Gulf spill. Kinder Morgan earnings are up. GOP wants Hillary Clinton to testify about Keystone.  More »
(AP file photo/David J. Phillip)

Kinder Morgan, El Paso may sell $900 million line under pressure

Kinder Morgan (KMI) Inc. may reap more than $900 million if it has to sell natural-gas pipelines in the Rocky Mountains to secure federal approval of its $21 billion acquisition of El Paso Corp. (EP), scheduled to close in the second quarter.  More »
Stephen Harper

Canada disappointed over pipeline rejection

Canadian prime minister Stephen Harper says he told Barack Obama he was profoundly disappointed after the U.S. president called to tell him the administration rejected a plan to build an oil pipeline from Canada to Texas.  More »
Jack  Gerard, CEO American Petroleum Institute during an editorial board interview on Wednesday, April 21, 2010, in Houston. (James Nielsen/Houston Chronicle)

API rips Obama administration’s decision to reject Keystone XL

American Petroleum Institute President Jack Gerard blasted President Barack Obama’s decision to formally reject the Keystone XL pipeline, calling it a “clear lack of leadership.”  More »