Fuel Fix

The Trans-Alaska pipeline (Photo: BP)

Alaskan Senate president wants oil tax bill

Senate President Gary Stevens said Tuesday that he would like the Senate to come up with its own bill on oil production taxes.  More »
Spectra's Egan Hub facility near Lake Charles, LA.

Spectra expects to be involved in North American LNG exports

Spectra Energy Corp. (SE) will have “some involvement” in what it estimates will be three to six facilities built to export North American natural gas, Chief Executive Officer Gregory Ebel said.  More »
(Image: Fotolia)

Japanese firm to pay $54.6M over bribery charges

A Japanese company that helped a former Halliburton Co. subsidiary bribe Nigerian officials to win more than $6 billion in construction contracts has pleaded guilty to federal charges, the Justice Department says.  More »

U.S. President Barack Obama makes a speech to a joint session of Congress at the Capitol in Washington, D.C. September 2011. (Photo: Joshua Roberts/Bloomberg)

Obama advisers call for “all in” energy strategy for jobs, security

In a report issued Tuesday, President Obama’s Council on Jobs and Competitiveness suggested more development of conventional and renewable energy on federal lands to create jobs and boost energy security.  More »

India energy company in talks with Conoco about gas assets

Oil & Natural Gas Corp., India’s biggest energy explorer, said it’s in early talks on a possible tie-up with ConocoPhillips. (COP)  More »
Stephen Harper

Canadian PM says Iran threat justifies Keystone XL approval

Canadian Prime Minister Stephen Harper’s comments add to those made by some Republicans ever since Iran issued the threats to block its Strait of Hormuz, a path for one-fifth of the world’s oil.  More »
(Photo: Marcellus Protest/Flickr)

Bulgaria bans Chevron from using hydraulic fracturing

Bowing to public pressure, Bulgaria’s government said U.S. oil company Chevron cannot explore for shale gas in the country using hydraulic fracturing.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Big natural gas discovery in offshore Mozambique for Anadarko

Anadarko Petroleum Corp. has made another significant discovery of natural gas in offshore Mozambique, with success of its seventh appraisal well in the Rovuma basin area.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Feds link gas in Ohio water wells to drilling

A federal agency says high natural gas in water wells at two northeast Ohio homes is a public health threat and appears linked to natural gas drilling in the area.  More »

Chevron: Rig catches fire off Nigeria’s delta

An offshore rig exploring possible deep-water oil and gas fields off Nigeria’s coast for Chevron Corp. caught fire Monday, and the oil company said officials were still trying to account for all those working there.  More »
(Photo: Flickr, Caston_Corporate)

Georgia Gulf rejects $1.03 billion bid from Westlake Chemical

Georgia Gulf Corp., North America’s largest maker of vinyl construction products, rejected a $1.03 billion buyout offer from Westlake Chemical Corp. as too low.  More »
(AP file photo/Sue Ogrocki)

Valero expects 4Q earnings to range from zero to 10 cents a share

Valero Energy Corp. said Monday it expects to report earnings in the range of zero to 10 cents a share for the fourth quarter of 2011, but for the full year the company is expected to report its highest annual earnings per share since 2008.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran: Oil embargo would be economic suicide for EU

Iran’s OPEC governor says an embargo by the European Union on Iranian oil would be “economic suicide” for Europe.  More »
(Photo: AEI Services)

Electricity declines 50 percent with shale boom

A shale-driven glut of natural gas has cut electricity prices for the U.S. power industry by 50 percent and reduced investment in costlier sources of energy.  More »
In this image made off Japan's NTV/NNN Japan television footage, smoke ascends from the Fukushima Dai-ichi nuclear plant's Unit 3 in Okumamachi, Fukushima Prefecture, northern Japan on Monday, March 14. The second hydrogen explosion in three days rocked Japan's stricken nuclear plant Monday, sending a massive column of smoke into the air and wounding 11 workers. (AP Photo/NTV/NNN Japan)

New Fukushima investigation promises to dig deeper into nuclear crisis

The head of Japan’s latest investigation into the Fukushima nuclear disaster promised to dig deeper than previous inquiries into the events that unfolded after an earthquake and tsunami struck the country in March.  More »