Fuel Fix

(AP Photo/Keith Srakocic)

Texas court rules on groundwater property rights

As drought conditions in much of Texas continue, a recent Texas Supreme Court ruling has further defined the rights and limitations private property protections for groundwater in a landmark decision.  More »

No relief in sight at Houston gas pumps

If you’re planning a driving trip soon, it’s going to cost you more – perhaps a lot more – than it did last year.  More »
(Kevin Fujii / Houston Chronicle)

Gov: Senate bill doesn’t address oil decline

Alaska Gov. Sean Parnell said the Senate’s work-in-progress proposal to cut oil taxes offers “no hope” for more investment and does nothing to stop the decline in oil production.  More »
(AP file photo/Paul Sakuma)

Shell asks U.S. Supreme Court to bar human-rights suit

Royal Dutch Shell Plc (RDSA) asked the U.S. Supreme Court to rule that the company can’t be sued by Nigerians seeking damages for torture and murders committed by their government in the early 1990s.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Study tags 65,000 jobs, $4.9B boost to Ohio shale

An academic team enlisted by Ohio’s business sector released a study Tuesday that finds oil and gas drilling will mean more than 65,000 jobs and an almost $4.9 billion investment in the state’s economy by 2014.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

SandRidge chief ward shuns shale as investors pay price

SandRidge Energy Inc. (SD), the U.S. explorer that pumps oil from aged fields while competitors drill in younger shale plays, has become the most-leveraged independent producer as it ramps up crude production.  More »
A gas pipe ejects a flame at a gas deposit, known as Kashi in Japan and Tianwaitian in China, that sits near a median line in the countries' overlapping exclusive economic zones in the East China Sea on Thursday, Feb. 9, 2012. China rejected Japanese protests over alleged improper exploration of the gas deposits on Feb. 3, 2012 as the Foreign Ministry said the recent activity had taken place within Chinese-controlled waters and was completely normal. (AP Photo/Kyodo News)

China, Philippines argue over planned oil search

The Philippines said today it has the right to invite foreign companies to explore for oil and gas in waters located between its western coast and the South China Sea, dismissing China’s claim to the area in a fresh spat between the Asian neighbors.  More »
(AP Photo/Franklin Reyes)

Spain’s Repsol says Q4 profit down on Libya

Spain’s Repsol energy company said today its fourth quarter profits fell 29 percent largely due to reduced production because of the Libya war.  More »
(Photo: Vectorportal/Flickr)

Drilling rig manager charged with lying about blowout tests

Donald Hudson, who was a manager at Helmerich & Payne Inc. (HP), was charged with lying to a federal agent reviewing blowout prevention testing and records of drilling rigs in the Gulf of Mexico.  More »
Secretary of State Hillary Rodham Clinton. (AP Photo/Jacquelyn Martin)

Clinton wants tough SEC oil, gas disclosure rules

Secretary of State Hillary Clinton on Tuesday called on the Securities and Exchange Commission to “go as far as possible” with rules requiring certain oil, gas and mining companies to disclose their payments to host nations.  More »
(Photo: Rowan Cos.)

Rowan plans to move headquarters to U.K.

Rowan Companies Inc., the offshore- drilling contractor that shed $1.6 billion of its business units last year, fell the most in more than three months after announcing plans to move its legal headquarters to the United Kingdom.  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

Refinery closure would send gasoline prices even higher, EIA says

The federal Energy Information Administration said the closure of several refineries that supply fuel the Northeast could cause a shortage and more volatile gasoline prices.  More »
Sen. Kay Bailey Hutchison, R-Texas (AP file photo/Charles Dharapak)

GOP uses Keystone XL as rallying cry in gas price debate

Republicans such as Texas Sen. Kay Bailey Hutchison continued blaming President Obama for rising gasoline prices, seeking to suggest the administration’s rejection of a permit for the Keystone XL oil pipeline would worsen the problem.  More »
The Deepwater Horizon oil rig burns off the coast of Louisiana on April 21, 2010.  (AP file photo/Gerald Herbert)

AG says govt prepared for trial in Gulf spill

Attorney General Eric Holder has told Congress that the Justice Department is prepared to go to trial against companies involved in the Gulf oil spill if ongoing negotiations do not result in a settlement.  More »
Oil from the Deepwater Horizon spill is seen floating on the surface of the water in Bay Jimmy, near where oil was spotted in June 2011. (AP Photo/Gerald Herbert, File)

Possible BP deal could tap $14 billion in fund

A settlement being discussed between BP and attorneys for hundreds of businesses and others suing over the Deepwater Horizon disaster could tap billions of dollars remaining in a claims fund set up after the accident.  More »