Fuel Fix

(AP file photo/Mead Gruver)

Still hope for SE Wyo. oil plan despite EPA report

A federal report possibly linking groundwater pollution to hydraulic fracturing in central Wyoming is not discouraging hopes for the Niobrara oil play in the southeast part of the state.  More »
Demonstrators march with a replica of a pipeline during a protest against the Keystone XL Pipeline outside the White House on Sunday, Nov. 6, 2011, in Washington.  (AP Photo/Evan Vucci)

Obama, Congress begin 2012 in oil pipeline dispute

President Barack Obama and Congress are starting the election year locked in a tussle over a proposed 1,700-mile oil pipeline from Canada to Texas that will force the White House to make a politically risky choice between two key Democratic constituencies.  More »
Petroleos Mexicanos oil platforms in the Cantarell oil field in the Gulf of Mexico.  (Photo: Pemex/Bloomberg)

Pemex oil output drops for seventh year

As recently as October, Pemex officials and Mexico’s energy minister said annual production would rise from 2010.  More »

(AP photo)

Venezuela says it only owes Exxon $255 million

Venezuela said Monday it has successfully defended itself in an international arbitration case brought by Exxon Mobil Corp. and will need to pay only $255 million of the more than $900 million awarded to the company.  More »

Exxon Mobil awarded $908 million in Venezuela dispute

An international arbitration body has awarded Exxon Mobil Corp. nearly $908 million in a dispute with Venezuela over compensation for the nationalization of its assets, the company said Sunday.  More »
(Photo: Mobility, Flickr)

Record surge in CO2 credits may hamper rebound

More than twice as many new carbon credits were supplied to the world’s second-biggest emissions market this year, damping prospects for a recovery from record- low prices in 2012.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Five top federal energy policy moments in 2011

It’s been a long year in the energy arena in 2011. Republicans and Democrats clashed over pipelines, light bulbs, Gulf leases and pollution, and natural gas and fracking became a national debate. Here is our list of five of the top moments:  More »
(Image: Fotolia)

Luminant to keep units online as court halts EPA rule

Luminant Generation Co. will continue operating two coal-fired electricity units it had previously planned to close now that a federal court temporarily halted a pollution regulation from being implemented, the company said Friday.  More »
(Photo: Brian Turner/Flickr)

Cross-state pollution rule put on hold

The EPA must delay implementing rules on interstate air pollution on Jan. 1, a federal court ruled, siding with electric power producers seeking to defeat the new regulations.  More »
(Image: Fotolia)

Oil price ending 2011 near $100 a barrel

High oil and gasoline prices are expected to continue weighing on the economy as it struggles to grow in 2012.  More »
Exxon natural gas wells sit off the coast of Dauphin Island, Ala., on Wednesday, Dec. 20, 2000. Exxon operates 13 wells off the Alabama coast. (AP Photo/Dave Martin)

Natural gas falls below $3

Natural-gas futures in New York dropped below $3 per British thermal units for the first time in more than two years as mild weather and rising production contribute to a growing U.S. stockpile surplus.  More »
(Jorgosphotos / Flickr)

In a first, gasoline and other fuels are top U.S. export

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel and jet fuel than any other single export, according to U.S. Census data going back to 1990. It also will be the first year in more than 60 that America has been a net exporter of these fuels.  More »
A Chesapeake Energy drilling rig (Photo: Chesapeake Energy)

Chesapeake hasn’t yet closed on Utica joint venture

Chesapeake Energy Corp. (CHK) has not completed a joint venture valued at $2.14 billion in Ohio’s Utica shale formation that it said would close by mid-December.  More »
A file picture taken on December 27, 2011 shows the refinery of Swiss firm Petroplus in Cressier. Credit ratings agency Standard and Poor's on December 29 downgraded its rating for Swiss oil refiner Petroplus to CCC+ after banks froze 1 billion USD (0,7 billion euros) in credit. (FABRICE COFFRINI/AFP/Getty Images)

Petroplus shuts three refineries as credit freeze halts supplies

Petroplus Holdings AG, Europe’s largest independent refiner by capacity, will suspend operations at three plants in the region after banks froze $1 billion of the company’s loans, cutting crude supplies.  More »
Sleeping quarters aboard the Perdido, operated by Shell Oil Co., and owned buy Shell, Chevron and BP. The platform is located in the Gulf of Mexico, 200 miles south of Galveston, Texas. (AP Photo/Jon Fahey)

The offshore drilling life: cramped and dangerous

The 160 workers on Shell’s Perdido oil platform have access to a free restaurant, gym and movie theater.  More »