BP asks court to reject some spill claims

FuelFix Newslinks |05.27.11|

Posted on May 27, 2011 at 6:43 am by Tom Fowler in General

Impatience with CFTC. ATP finishes first post-spill deep well. GE says sun power’s gonna be cheap. More »

Tullow makes $305M deal to increase Jubilee stake

Posted on May 27, 2011 at 12:44 am by Bloomberg in Africa

The firm’s agreement to buy the offshore Ghanaian interests of EO Group will boost Tullow’s interest in West Africa’s biggest oil discovery in a decade. Tullow’s partners in Ghana are Kosmos Energy, Anadarko Petroleum and Ghana National Petroleum. More »

Defense veteran in talks to join Hayward energy fund

Posted on May 27, 2011 at 12:02 am by FT.com - Energy in People

The board of Tony Hayward’s new energy fund, Vallares, which will see the former head of BP return to British corporate life, is taking shape. George Rose, the former finance director at defense contractor BAE Systems is in talks to take up the position of chair of the audit committee. (Via FT.com) More »

PetroChina parent raises stake to bolster sagging shares

Posted on May 26, 2011 at 11:58 pm by Reuters in General

CNPC has raised its stake in the firm to 86.3 percent and plans to buy more stock in an apparent effort to bolster the share price of Asia’s largest oil and gas producer. (Via Reuters) More »

Who left that bear there?

Posted on May 26, 2011 at 11:29 pm by FT.com - Energy in Environment, Europe

It’s not often that you meet a life-size polar bear on your way to work, but that’s what greeted staff at Cairn Energy in Edinburgh Thursday morning. Greenpeace has targeted the Scottish oil company in a campaign to stop it from exploring Arctic waters off Greenland. (Via FT.com) More »

Schlumberger: Drilling for Value

Posted on May 26, 2011 at 11:17 pm by WSJ in General

The technologically savvy oil-services giant is a well-oiled money-making machine. (Via W$J) More »

Two senators want CFTC chair to move on speculation

Posted on May 26, 2011 at 8:08 pm by Lauren French in Crude oil, General

Two senators met with CFTC chair Gary Gensler in a closed meeting to discuss what steps the regulatory agency will take to halt oil speculation. One exited the meeting unimpressed, he said, over the priority Gensler is giving the matter. More »

Gene Green’s chemical plant security bill wins committee approval

Posted on May 26, 2011 at 5:28 pm by KatiePerkowski in Chemicals, General

The House Energy and Commerce Committee approved legislation by Rep. Gene Green, D-Houston, Thursday to extend the government program aimed at preventing terrorist attacks against U.S. chemical facilities. More »

Refiners sitting pretty this summer

Posted on May 26, 2011 at 4:41 pm by MarketWatch in Refining

Weaker demand, weather woes fail to cloud prospects for gasoline makers. (Via MarketWatch) More »

Oil settles near $100 on signs of slower economic growth

Posted on May 26, 2011 at 4:02 pm by Associated Press in Crude oil

Oil prices fell on Thursday after the government said the economy grew at an annual rate of 1.8 percent in the first quarter. The commerce department cited high gasoline prices, weaker-than-expected consumer spending and government budget cuts as reasons for the sluggishness. More »

Texas retail gasoline prices slip 9 cents

Posted on May 26, 2011 at 2:30 pm by Associated Press in General

While pump prices are down, they’re still about a dollar higher than last year’s Memorial Day holiday weekend. More »