Fuel Fix

A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

GOP, industry say Obama overstating his role in boosting U.S. oil, gas

Republicans and industry groups came out swinging at President Obama, accusing him of exaggerating the his administration’s role in boosting domestic oil production and contended current policies are impeding oil-and-gas development offshore and on federal lands.  More »

Conoco profit rises on higher oil prices, asset sales

The oil giant’s fourth-quarter profits rose 66 percent, fueled largely by revenue from major asset sales as part of Conoco’s massive restructuring plans.  More »
Rich Kinder of Kinder Morgan Energy Partners in control room at office at Company's offices. (Photo: Carlos Antonio Rios, Houston Chronicle)

Kinder Morgan predicts huge investments in natural gas pipelines

Kinder Morgan, the largest independent transporter of petroleum products in the U.S., is planning its pipeline growth around an inevitable shift to natural gas in the U.S., according to CEO Richard Kinder.  More »

Commercial fishermen from St. Bernard Parish, La., hired by BP lay oil retention booms around New Harbor Island in the Gulf of Mexico in 2010. (AP Photo/Dave Martin)

Fired BP worker says he was asked to fake spill data

A man who supervised the BP cleaning efforts along the Mississippi shores claims he was fired after alerting federal officials that the company was falsify data to make the shores look cleaner than they were, according to court records.  More »
Rep. Joe Barton, R-Texas (AP Photo/Haraz N. Ghanbari)

Rep. Barton says State Department reasoning an “insult” to America

A top State Department official today will blast a Republican bill that would circumvent the administration’s denial of a permit for Keystone XL and require a different agency approve it.  More »
The Chevron Genesis in the Gulf of Mexico. (AP Photo/Mary Altaffer)

Big Oil had good 2011, despite 4th-quarter slump

After gangbuster results earlier in 2011, giant integrated energy companies are set to report lackluster fourth-quarter earnings starting Wednesday, and it has a lot to do with the price of oil in London.  More »
A Chinese man holds up oil residue found in his shrimp farm in the coastal Leting county in the Bohai Bay near northern China's Hebei province. China's oceanic agency has ordered ConocoPhillips China to do more to prevent and clean up offshore spills that occurred June 4 and June 17, 2011 in the Bohai Bay that have raised an outcry among fishermen and environmentalists. (AP Photo)

Conoco to pay $160 million for China oil spill claims

ConocoPhillips said Wednesday that it and China National Offshore Oil Corp. reached a $160 million agreement to settle compensation claims from oil spills off northeastern China.  More »
(AP Photo/Keith Srakocic)

Obama pushes natural-gas fracking to create 600,000 jobs

President Barack Obama pushed drilling for gas in shale rock and support for cleaner energy sources to boost the economy in his final State of the Union address before facing U.S. voters in November.  More »
Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility in Tomball, Texas. (Todd Spoth/For the Chronicle)

Logistics sting Baker Hughes’ profit

Houston-based Baker Hughes said its fourth-quarter profit dropped 6 percent because of higher costs and logistical problems with its hydraulic fracturing business.  More »
An Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)

How an embargo of Iranian oil could affect markets

The U.S. and Europe are trying to stop Iran, the world’s third-biggest oil exporter, from selling crude. Iran’s response is to threaten to disrupt shipments from the entire Middle East.  More »
(AP file photo/John Moore)

Saudi oil can replace large part of Iranian exports

Saudi Arabia has enough spare crude capacity to replace much of the heavy oil exported by Iran, which faces a European Union import ban, according to the Economist Intelligence Unit.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.25.12|

Obama tells Congress he wants more energy development. Big Oil had a good 2011, despite a late slump.  More »
Stephen Harper

Harper builds oil links with China after Keystone rejection

Prime Minister Stephen Harper is gaining support among Canadians for his plan to ship oilsands crude to China after President Barack Obama rejected TransCanada Corp. (TRP)’s $7 billion Keystone XL pipeline to the U.S. Gulf Coast.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

North Dakota oil boom brings blight with growth as costs soar

The gravel road that borders Dave Hynek’s North Dakota farm is designed to carry 10 tractor- trailer trucks a day. In a recent 24-hour period, about 800 passed by.  More »
U.S. President Barack Obama makes a speech to a joint session of Congress at the Capitol in Washington, D.C. September 2011. (Photo: Joshua Roberts/Bloomberg)

Obama tells Congress he wants “all of the above” energy strategy

President Obama made the case Tuesday night for producing more of the United States’ energy supplies domestically in pursuing an “all-of-the-above” approach to further bolster the economy and national security.  More »