Fuel Fix

(Photo: Patricia Santos, Associated Press)

Petrobras selling $7 billion in bonds in record debt offering

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil producer, plans to sell $7 billion of dollar bonds as soon as today in the country’s biggest corporate debt offering ever.  More »
Marathon acquired its Detroit refinery with the purchase of Aurora Gasoline Company in 1959. (AP file photo/Paul Sancya)

Marathon Petroleum posts 4Q loss, mulls pipeline MLP

Marathon Petroleum Corp. reported today a $75 million loss for the fourth quarter as higher oil prices increased costs at its refineries.  More »
(Photo: Wonder of Tech, Flickr)

Georgia Gulf rejects Westlake’s offer of $35 a share

Georgia Gulf Corp. (GGC), North America’s largest maker of vinyl construction products, rejected Westlake Chemical Corp. (WLK)’s increased takeover offer of $35 a share.  More »
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Refineries along the Ship Channel are just part of Houston's pollution picture. Photo: Michael Paulsen / Houston Chronicle

Houston faces penalties over 1970s smog limits

The EPA concluded Tuesday that Houston has failed to meet 30-year-old limits on smog-forming pollution, a decision that could lead to hefty fines for as many as 300 oil refineries, chemical plants and other large industrial facilities.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Texans to learn chemicals used in fracking

Oil and natural gas companies will start to publicly disclose chemicals used in hydraulic fracturing of wells starting today as part of a new Texas Railroad Commission rule.  More »
Gas prices posted at a station in Tempe, Ariz., on March 8, 2011 (AP Photo/Matt York)

Filling it up just may empty your wallet

Drivers, if you didn’t fill up at the start of the week, you may regret it today.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Opinion: Fracking boom could finally cap myth of peak oil

The U.S. oil market could be on the verge of its own fracking revolution, similar to what the natural-gas market is already experiencing. As a result, domestic production is now projected to rise significantly over the coming decades, reducing the relative share of imports in U.S. oil consumption.  More »
(AP file photo/John McConnico)

Russia says Arctic surveys may add to its continental shelf

Geographic surveys conducted in 2011 in the Russian Arctic could add as much as 1.2 million square kilometers (463,000 square miles) to Russia’s continental shelf, according to the Natural Resources Ministry.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Ohio tries to avoid being dumping ground for fracking fluid

The millions of gallons of chemical- laced wastewater that fracking produces must flow somewhere, and Ohio (STOOH1) is trying not to be that place.  More »
(Photo: Vectorportal/Flickr)

Ex-cop’s wife charged in spill claim

The wife of a former New Orleans police officer who pleaded guilty to helping cover up deadly shootings on a New Orleans bridge after Hurricane Katrina was charged Tuesday with submitting a fraudulent claim for money from BP’s oil spill compensation fund.  More »
Shell's Deer Park refinery is one of the facilities affected by negotiations with the United Steelworkers International. Nationwide contract talks cover 30,000 refinery and chemical workers - including 4,600 in the Houston area. Photo: James Nielsen / Houston Chronicle

Refiners, union have tentative deal

The United Steelworkers Union reached a three-year deal Tuesday night with the nation’s refineries and chemical plants, hours before a midnight deadline that could have put 30,000 workers on strike and reduced U.S. fuel-making capacity.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |02.01.12|

Refiners, union reach tentative deal. Is the federal leasing slowdown costing Western energy jobs?  More »