Fuel Fix

Petroleos Mexicanos oil platforms in the Cantarell oil field in the Gulf of Mexico.  (Photo: Pemex/Bloomberg)

Pemex can’t add ConocoPhillips, Shell to lawsuit over stolen gas

Pemex Exploracion Y Produccion (0195730D) can’t sue six U.S. energy firms including ConocoPhillips Co. (COP) as part of a lawsuit seeking more than $300 million for Mexican natural gas condensate allegedly stolen by bandits and sold in the U.S., a federal judge ruled.  More »
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Putin says Russia needs to rise to U.S. gas challenge

Russian President-elect Vladimir Putin urged energy producers from the world’s biggest natural- gas exporter to “rise to the challenge” of a changing market as the U.S. increases output of shale gas.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Employers gather for NY’s 1st shale gas job fair

Businesses ranging from wildlife consultants to titans of the oil and gas industry will gather in Binghamton for New York’s first shale gas job fair, buoyed by hopes that state regulators will lift a four-year-old ban and start permitting hydraulic fracturing this year.  More »
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Petrobras workers walk on platform 51 "Majuro" in Angra dos Reis, Brazil. (AP Photo/Ricardo Moraes)

Petrobras to identify origin of Roncador leak

Petroleo Brasileiro SA (PETR4) said it will diagnose by today the origin of the fluid collected at an area in the Roncador field where it identified a leak on April 8.  More »
North Pole Refinery (Photo: Flint Hills Resources)

North Pole Refinery to cut back on capacity

Operators of the North Pole refinery say they are taking steps to idle their No. 1 crude oil refining unit, which will mean the loss of 35 to 40 jobs over five months.  More »
The Wednesday, March 28, 2012 aerial shot provided by Greenpeace shows Total's Elgin Wellhead Platform in the North Sea off the shore of Scotland. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. Photo: Martin Langer / Greenpeace

Scots deploy taste testers to sample gas leak fish

The Scottish government says it has deployed taste testers to sample fish found around the site of a North Sea gas leak.  More »
(Photo: BFS Man)

Army lab to develop energy-saving technology

A new Army laboratory will develop technology such as fuel cells and hybrid systems for combat vehicles as the Pentagon steps up its push for cleaner and more reliable energy, federal officials said Wednesday.  More »
(Photo: Julien Tromeur, Flickr)

Oil below $102 amid US crude supply increase

Oil prices lingered below $102 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a third week, suggesting demand remains weak.  More »
Natural gas drilling in the United States has led to far cheaper prices here than in Asia. Photo: Matt Nager / HC

U.S. sees glut of natural gas, falling prices

One of the warmest winters on record cooled demand for natural gas, taxing the nation’s storage facilities and threatening producers’ balance sheets.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron says first-quarter profit will beat fourth-quarter

The oil company said Tuesday that it also benefited from higher refining profit margins, lower operating costs, and gains from selling assets.  More »
Rig workers pause while mopping the decks on a Hercules rig. (Smiley N. Pool/Houston Chronicle)

Lawmaker presses for payment of drilling ban damage claims

Rep. Jeff Landry, R-La., is asking an oil spill plaintiffs’ group to recommend payments to oilfield service companies and workers who lost business and wages because of a five-month deep-water drilling ban.  More »
Image from Crossroads GPS television advertisement linking President Barack Obama's energy policies with high gasoline prices.

Arm of GOP super PAC hits Obama on rising gas prices

A new advertising campaign by Crossroads GPS blames rising gasoline prices on President Barack Obama.  More »
Gas nozzle at a Valero pumping station (AP Photo/Rich Pedroncelli, file)

Drivers to pay 6 pct more for gas this summer

U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government says.  More »
(AP Photo/US Coast Guard, File)

Court-mandated claim facility pays out $134 million in BP spill claims

Gulf Coast victims of the Deepwater Horizon accident have been paid $134 million through the transition process that replaced the Gulf Coast Claims Facility, BP announced on Tuesday morning in a written statement.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Gulf could see busiest year since BP spill

Oil drillers are expected to be busier this year in the Gulf of Mexico than at any point since the Macondo well spill that prompted the federal government to place a moratorium on offshore drilling, according to Reuters.  More »