Fuel Fix

The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache profits surge on high oil prices

Apache’s earnings grew 75 percent in the fourth quarter, benefiting from higher oil prices and boosted fossil fuel production, the company reported Thursday.  More »
Sen. David Vitter, R-La. (AP file photo/Susan Walsh)

GOP seeks to tie Keystone XL to petroleum reserve

Three Republican senators introduced legislation this week that would bar the administration from releasing oil from the Strategic Petroleum Reserve unless it approves the Keystone XL pipeline.  More »
(Photo: Fotolia)

Alaska well that blew out mud still not controlled

A Texas crew was scheduled to arrive at Alaska’s North Slope on Thursday to control an exploratory well that apparently blew out.  More »

A lawsuit claims that Goldman Sachs' involvement steered El Paso into Kinder Morgan's arms for a lower price than the company was worth. Photo: Richard Drew / AP

Steffy: Goldman Sachs worked both sides in El Paso deal

Wall Street wins again.  More »
Senator Ben Cardin (D-MD) looks on a U.S. Sen. Jack Reed (D-RI) makes his point during a committee meeting to discuss the Temporary Payroll Tax Cut Continuation Act on Capitol Hill February 1, 2012 in Washington, DC. The payroll tax cut legislation, which is set to expire this month, is the conduit for a provision that will allow public transit riders to put away more pre-tax money for commuting costs. (Photo by Pete Marovich/Getty Images) Photo: Pete Marovich / 2012 Getty Images

Oil industry battles SEC rules on disclosure

Lobbying is ramping up over proposed rules that would require oil, gas and mining companies listed with the Securities and Exchange Commission to disclose what they pay to nations where they extract resources for commercial purposes.  More »

Judge removed from $50m Valero suit

Judge Christopher Dupuy was removed Wednesday from a $50 million lawsuit brought by Valero Refining Texas after a defendant complained no one revealed relationships between Dupuy and a former Valero attorney, the Galveston County Daily News is reporting.  More »
Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Keystone pipeline blocked from crossing Texas farm

Owners of a northeast Texas farm have obtained a court order to block TransCanada from crossing the farm with a proposed pipeline planned to carry Canadian oil to refineries along the Texas Gulf coast.  More »
Mohammad Rezaie changes the gas prices at his Union 76 gas station in Oakland, Calif., Friday, Nov. 11, 2011.  The price of oil is flirting with $100 per barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and trigger another recession. (AP Photo/Paul Sakuma)

Gasoline price on the rise again in Houston

Another week and it’s another rise at the pump.  More »
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Pennsylvania lawmakers vow to fight closing of refineries

Pennsylvania lawmakers joined members of the United Steelworkers union at a rally today in Washington to oppose the planned closing of three refineries in the state.  More »
The Travis Tower, or 1300 Main, in downtown Houston was purchased by Dallas-based Energy Transfer Partners in August 2011. (Image: Boxer Property)

Energy Transfer profit falls on Texas pipelines, propane

Energy Transfer Partners LP (ETP), whose parent is buying Southern Union Co. (SUG) for $5.4 billion, said fourth-quarter profit dropped 28 percent because of lower earnings at its propane unit and natural-gas pipelines in Texas.  More »
The Ensco 8501 semi-submersible rig in the Gulf of Mexico (Jennifer A. Dlouhy/Houston Chronicle)

U.S. offshore drilling faces new rules this year

The U.S. Interior Department plans to issue additional rules on the safety of offshore drilling, Secretary Ken Salazar said.  More »
Workers in protective suits and masks wait to enter the emergency operation center at the crippled Fukushima Dai-ichi nuclear power station in Okuma, Japan in 2011. (AP Photo/David Guttenfelder, Pool)

Nuclear safety chief says lax rules led to Fukushima crisis

Japan’s atomic safety rules are inferior to global standards and left the country unprepared for the Fukushima nuclear disaster last March, the country’s top nuclear regulator told a parliamentary investigation.  More »
(AP file photo/Alastair Grant)

Reliance Industries, BP win India’s approval for gas discovery

Reliance Industries Ltd. (RIL) and partner BP Plc (BP/) have won approval from India’s government to prepare a plan for developing a natural gas discovery in the Bay of Bengal, two people with direct knowledge of the matter said.  More »
The Cushing, Okla., pipeline hub.

Enbridge finds small oil pipeline leak in Michigan

A company responsible for a 2010 pipeline rupture that spilled more than 800,000 gallons of oil in southern Michigan says it has discovered a small leak in an oil pipeline in the northern Lower Peninsula.  More »
Republican presidential candidate, former Pennsylvania Sen. Rick Santorum arrives for a tour of an oil well site in Tioga, N.D., Wednesday, Feb. 15, 2012.  (AP Photo/Will Kincaid)

Santorum searches for own gusher in oil country

Presidential hopeful Rick Santorum has been spending plenty of time in oil country lately, prospecting for GOP votes — and money.  More »