Fuel Fix

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Oil climbs above $100 in Asia amid Iran tensions

Oil climbed above $100 a barrel today in Asia after Saudi Arabia, the world’s largest exporter of the commodity, indicated it thinks prices should be maintained around that level.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.17.12|

ConocoPhillips seeks oil sands partners. Chevron searching from two workers after rig fire. Anadarko finds more gas in Mozambique.  More »
This aerial photo shows an oil sands mine facility near Fort McMurray, in Alberta, Canada. The proposed Keystone XL pipeline would carry oil sands crude from projects in Alberta to refineries along the Gulf Coast. (AP Photo/The Canadian Press, Jeff McIntosh, File)

Lack of pipelines drives price gap between Brent and WTI Index

The price differences between Brent crude oil and West Texas Intermediate (WTI) crude oil market prices are the result of a shortage of U.S. pipeline capacity and will continue to increase, according to energy pricing consultants.  More »

ConocoPhillips seeking partner for oil sands assets

Houston-based ConocoPhillips is searching for a partner to buy 50 percent of its Canadian oil sands assets, according to a Reuters story.  More »
Anadarko driller Brazil

Three Euro companies to bid on Anadarko’s Brazilian business

Three European oil companies are preparing to bid on Anadarko’s Brazilian offshore exploration business, according to London’s Financial Times  More »
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Direct Energy moving its corporate headquarters to Houston

Direct Energy, a national supplier of electricity, natural gas and related services, has announced plans to move its corporate headquarters to Houston from Toronto in the next 12 to 18 months.  More »
Jack  Gerard, CEO American Petroleum Institute during an editorial board interview on Wednesday, April 21, 2010, in Houston. (James Nielsen/Houston Chronicle)

API takes Keystone XL case to South Carolina

API President Jack Gerard’s speech in the state hosting the next presidential primary highlights the group’s heightened lobbying and political efforts, especially on the Keystone XL pipeline, in key states ahead of the 2012 election.  More »
(AP Photo/HO, Shell)

Poorest nations host biggest gas finds

One of the world’s poorest regions is also home to the biggest natural-gas discoveries in a decade, luring investors from steel billionaire Lakshmi Mittal to Royal Dutch Shell Plc. (RDSA)  More »
(AP Photo/Charles Krupa)

Electric plants shift from coal to natural gas

The huge, belching smokestacks of electric power plants have long symbolized air pollution woes. But a shift is under way: More and more electric plants around the nation are being fueled by natural gas, which is far cleaner than coal, the traditional fuel.  More »
Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

IEA would release oil stocks only on a ‘serious’ disruption

The International Energy Agency would only release oil stockpiles in the event of a “serious” supply disruption and is examining which nations have extra capacity, IEA Executive Director Maria van der Hoeven said.  More »
President Obama, center, is given a tour of Solyndra by Executive Vice President Ben Bierman, right, as Chief Executive Officer Chris Gronet, left, walks along at Solyndra Inc. in Fremont, Calif. FBI spokesman Peter Lee says agents executed multiple search warrants on Thursday morning as part of an investigation with the Department of Energy's Office of Inspector General. (AP Photo/Paul Chinn, Pool, File)

Koch-backed group releases TV ad about Solyndra

Americans for Prosperity released a new television ad today, slamming President Barack Obama’s handling of the Solyndra collapse.  More »
The rendering shows office buildings in Research Forest Lakeside. Talisman Energy USA will occupy 218,000 square feet in the business park. Photo: Handout / HC

Energy lease boosts Woodlands market

An energy company active in the Eagle Ford shale play has leased new offices in a business park in The Woodlands.  More »
Viewing the 1,000 pound Butter Sculpture at the 96th Annual Pennsylvania Farm Show  is Pennsylvania Agriculture Secretary George Greig, left , Sculpture Jim Victor, center and Lt; Gov. Jim Cawley, right, Thursday, Jan. 5, 2012 in Harrisburg, Pa. The Sculpture is a longstanding Farm Show tradition since its inception. (AP Photo/Bradley C Bower)

Butter-powered home? It’s not a joke

Butter makes everything taste better, but it turns out it can also be used to power your home, according to one Pennsylvania farmer.  More »
(Photo: Martin Abegglen/Flickr)

Steffy: Oil in, gasoline out, and U.S. benefits

For the first time in six decades, the U.S. is exporting more gasoline and diesel fuel than it imports.  More »
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Nigerian unions suspend protest, strike on fuel subsidies remains

Nigerian labor unions suspended protests while continuing a general strike over fuel subsidies in Africa’s top crude producer after President Goodluck Jonathan’s announcement of a gasoline-price cut fell short of their demands.  More »