Fuel Fix

Gas nozzle at a Valero pumping station (AP Photo/Rich Pedroncelli, file)

Gasoline inches closer to $4 mark in Houston

Gasoline prices continued their slow rise to the $4-mark in Houston today.  More »
Sunoco's Philadelphia refinery is on the banks of the Schuylkill River. The company plans to pull out of the refining business altogether, which could help put the Northeast region in a precarious position. Photo: MIKE MERGEN / HC

For some refiners, the price of gasoline is too low

Rising gasoline prices have become a source of finger-pointing and political rhetoric – yet the economic reality for some refiners is that the price isn’t high enough.  More »

Petrochemical industry takes note of shale bounty

The North American shale boom has excited petrochemical companies eager for a new era of cheap resources to feed production of plastics that go into everything from diapers to plumbing, executives said Wednesday.  More »
(AP Photo/Steve Helber)

Steffy: The collective delusion of oil abundance

Late last week, I filled up for $3.88 a gallon. Four days earlier, gasoline was 4 cents a gallon cheaper, and by this week, prices were inching toward the dreaded $4 a gallon threshold.  More »
Gas prices are expected to hold steady in Texas over the holiday weekend. (AP Photo/Alex Brandon)

Gas-price politics impacts Obama’s environmental issues

With rising gasoline prices fueling election-year political rhetoric, the Obama administration is accelerating moves it can paint as energy-friendly while putting the brakes on some environmental initiatives that opponents could blame for raising costs.  More »
(AP Photo/Mike Groll, File)

NC lawmakers lay out fracking plans this year

Republican lawmakers said Wednesday they expect to take a careful, measured approach to drafting state regulations for allowing a new method of natural gas drilling called fracking, but an existing ban on the activity in North Carolina is likely to remain until 2014 or later.  More »
OLD DO NOT USE  Jim Mulva, CEO of ConocoPhillips, talks with reporters in Houston. (Photo: Melissa Phillip, Houston Chronicle)

ConocoPhillips CEO received 7pct. raise in 2011

ConocoPhillips CEO and Chairman Jim Mulva received a 7 percent raise in pay in 2011, his final year at the helm of the Houston petroleum company.  More »
(AP Photo)

Chinese firm surpasses Exxon in oil production

A big shift is happening in Big Oil: an American giant now ranks behind a Chinese upstart.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron, Merck disclose funding to 2010 attack-ad groups

Some secret donors who gave money to groups that paid for millions of dollars in attack ads during the 2010 midterm elections are becoming public.  More »
Shell's Arctic-class drill ship, the Kulluk, is shown as it is towed near Alaska. Shell is moving the Kulluk drilling unit from Dutch Harbor, Alaska, to a Seattle shipyard for ongoing maintenance and planned, technical upgrades. (Photo courtesy of Shell Oil Co.)

Memo details Alaska oil, gas industry lobbying

A new legislative memo suggests that about $2.2 million was spent on lobbying last year by the oil and gas industry and three affiliated organizations.  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)

Researcher finds dangerous bacteria in tarballs

Cova Arias usually studies oysters, not tarballs.  More »
(Photo: Julien Tromeur, Flickr)

Oil near $105 amid possible reserves release

Oil hovered above $105 a barrel today in Asia, capped by the possible release of crude reserves by Western nations.  More »
The Wednesday, March 28, 2012 aerial shot provided by Greenpeace shows Total's Elgin Wellhead Platform in the North Sea off the shore of Scotland. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. Photo: Martin Langer / Greenpeace

Activists worry over North Sea platform gas leak

Environmental groups warned Thursday they fear an oil spill could be triggered at a North Sea offshore platform that has been leaking highly pressurized gas since the weekend.  More »
(Photo: BFS Man)

Lawmakers target conflicting environmental, power reliability laws

A bipartisan group of lawmakers including three Texans introduced legislation today that seeks to fix what they view as a legally thorny conflict between environmental and electric reliability laws.  More »
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total considers relief well to stem North Sea Elgin gas leak

Total SA is considering drilling a relief well to halt a natural-gas and condensate leak from its Elgin platform in the U.K. North Sea.  More »