Fuel Fix

The Constitution spar in the Gulf of Mexico (Anadarko)

Enterprise, Genesis to build oil pipeline from Gulf

Enterprise Products Partners and Genesis Energy plan to build a new pipeline capable of transporting 115,000 barrels of crude oil per day from the Gulf of Mexico to an existing junction.  More »
A new report finds that the U.S. airline industry has made little progress improving fuel efficiencies. (AP Photo / David J. Phillip)

Steffy: Airline fee hike exposes carbon trading flaws

Air fares may be going up again, and this time it’s so you can pay for airlines to continue belching carbon across Europe.  More »
Money Roll

Houston company gets week for Ingleside payment

A company seeking to redevelop ex-Naval Station Ingleside into an offshore drilling service facility has another week to make its $19 million down payment.  More »

(AP file photo/Grand Forks Herald, Eric Hylden)

Enterprise to build pipeline from Pennsylvania to Texas

A proposed pipeline project that could transport up to 190,000 barrels of ethane from Appalachian shale fields to the Texas Gulf Coast has secured enough customers to move forward, Enterprise Products Partners announced today.  More »
A Petrohawk Energy natural gas drilling site in the Eagle Ford Shale is shown in September 2009. (Jake Lacey/Houston Chronicle file photo)

Energy giants undeterred by quakes seek shale stakes

Asian and European energy producers are spending billions of dollars to amass stakes in oil and natural-gas discoveries from Ohio to British Columbia even as earthquakes and tainted water threaten to stall the biggest drilling boom in at least two decades.  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)

Spill fund freezes payouts, asks for clarification *updated*

A fund set up by BP to compensate victims of the worst U.S. oil spill froze payments until it gets clarification on a court order to set aside money to cover plaintiffs’ legal fees.  More »
(AP file photo/David J. Phillip)

Reliance, Apollo weigh purchase of El Paso unit

Reliance Industries Ltd. (RIL) and Apollo Global Management LLC are among companies in talks to buy El Paso Corp. (EP)’s oil and gas exploration and production unit, said people with knowledge of the matter.  More »
(AP Photo/LM Otero)

US Forest Service OKs 15-turbine Vt. wind project

The U.S. Forest Service has approved the construction of 15 wind turbines in southern Vermont’s Green Mountain National Forest.  More »
A drilling rig stands over a natural gas well near Interstate 70 west of Rifle, Colo. (AP Photo/David Zalubowski)

Ohio quakes could incite fracking policy shift

In Ohio, geographically and politically positioned to become a leading importer of wastewater from gas drilling, environmentalists and lawmakers opposed to the technique known as fracking are seizing on a series of small earthquakes as a signal to proceed with caution.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

International players jump at U.S. shale

Energy companies are funneling billions of dollars into the booming business of U.S. shale drilling. They are investing euros, yuan and krone, too.  More »
(AP Photo/Keith Srakocic)

Opinion: Fracking fears mostly unfounded

Nonetheless, the hydraulic fracturing, or fracking, of shale rock to release gas trapped deep beneath the earth’s surface has inspired public fear-mongering, mostly around presumed threats to air quality and water quality. Most of that fear is unfounded.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.04.12|

See how one many used his roof to pay for a new car. BP freezes spill fund payouts. And a Texas A&M professor gives his opinion on fracking.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Exxon in talks to restructure Japan unit

Exxon Mobil Corp. (XOM), the world’s largest company by market value, is in talks with its Japanese unit TonenGeneral Sekiyu K.K. (5012) to restructure its holdings in Japan and plans to remain in the country.  More »
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Nigeria: Shell fixing pipeline hit by oil thieves

Royal Dutch Shell PLC says it is repairing a trunkline after detecting a leak blamed on oil thieves in Nigeria’s oil-stained southern delta.  More »
(Photo: Julien Tromeur, Flickr)

Oil falls slightly amid improving US economy

Oil prices inched lower toward $102 a barrel today in Asia as investors eyed signs of an improving U.S. economy.  More »