Fuel Fix

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FuelFix Newslinks |02.07.12|

Energy Department to recoup most of Beacon loan. Industry attacks draft of fracking fluids rule. And how close is America to energy independence?  More »
In this Thursday, March 24, 2011 photo, a cluster of houses is seen in Port Harcourt in Nigeria's Delta region.  (AP Photo/Sunday Alamba)

Total announces offshore oil work near Nigeria

French oil firm Total SA says it has begun work to boost the production of its offshore oil field near Nigeria.  More »
Stephen Harper

Canada’s Harper in China visit focused on energy

Canadian Prime Minister Stephen Harper is visiting China to discuss oil sales and other economic ties following U.S. President Barack Obama’s rejection of a pipeline carrying Canadian oil across the continental United States.  More »

A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Industry attacks leaked draft of fracking fluid rule

The oil-and-gas industry is attacking a leaked draft of long-awaited government rules that would require companies to disclose the chemicals they use in hydraulic fracturing on federal lands. Environmentalists, meanwhile, are offering muted praise.  More »
(Image: Fotolia)

Oil prices fall below $97

Crude supplies in the U.S. have increased for the past three weeks at a key delivery point in the Midwest, and they’re expected to keep growing this year as the petroleum industry ramps up drilling projects.  More »
Natural gas drilling in the Marcellus Shale (Photo: Just Beneath the Surface)

Pa. gas-drilling bill would yield estimated $190M

Pennsylvania’s booming natural gas industry would pay an estimated $190 million in fees in the first year, money spread across drilling communities and to state infrastructure and environmental programs, under legislation speeding toward votes in the state Legislature Monday.  More »
(Photo: rudyjuanito, Flickr)

Self-defense products hot item in ND oil patch

Self-defense products are becoming a hot item among women in western North Dakota’s booming oil patch, as a burgeoning population and the apparent abduction of a northeastern Montana woman have heightened fears about violence.  More »
(Nabors photo)

Steffy: Former Nabors CEO decision on bonus is a wise move

Nabors’ Industries ridiculously overpaid chairman, Eugene Isenberg, has agreed to waive the $100 million severance payment he was supposed to receive for giving up the chief executive’s title last year.  More »
(Image: Fotolia)

Norway police fine Transocean units for understating profit

Norway’s agency for economic crime said it fined units of Transocean Ltd. for underreporting taxable income in 2001 and 2002.  More »
Eugene Isenberg

Nabors former CEO forfeits $100 million payout, resigns

Nabors Industries Ltd.’s Chairman and former chief executive officer, Eugene Isenberg, has forfeited his $100 million retirement paycheck, in response to a firestorm of shareholder criticism.  More »
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Nigeria military confirms oil pipeline attacked

Nigeria’s military has confirmed that militants using dynamite bombed an Eni SpA oil pipeline running through the country’s crude-rich southern delta.  More »
(Photo: AEI Services)

Renewable power contracts are starting to plunge

The price of renewable power contracts signed by California utilities more than doubled from 2003 through 2011 but has now started to plunge, according to a long-awaited state report issued Friday.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Big energy firms start the year with new leases

Apache Corp. has renewed its lease in Uptown, putting an end to rumors that the company might be moving to a new building.  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)

Canada to boost efforts to monitor oil sands pollution

Canada and the province of Alberta will expand monitoring and increase air and water testing at oil-sands operations as the projects attract record investment and greater environmental scrutiny.  More »
(AP Photo/Keith Srakocic)

Draft fracking rule has ‘good elements,’ environmentalist says

The U.S. Interior Department’s proposed guidelines for natural gas fracking on public lands don’t specify how drillers will disclose the chemicals they use.  More »