Fuel Fix

Court decision could open big hole in state revenues

A state judge’s ruling to exempt oil and gas companies from paying sales taxes on extraction equipment could cost the state billion in revenue, according to media reports.  More »
(Photo: Cobalt)

Cobalt says no laws broken after report on Angolan partner

Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc. said it hasn’t broken any laws after the Financial Times reported Angolan officials own stakes in its local partner.  More »
Jeff Skilling, Daniel Petrocelli

Court rejects Skilling appeal again

The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.  More »
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Traders work the crude oil options pit at the New York Mercantile Exchange in New York. (AP Photo/Mary Altaffer)

Steffy: Speculation is a two-way street

When gasoline prices are rising, as they have been recently, I often get asked by readers to write about speculation. Usually the request is that I “expose” how speculation is driving up prices.  More »
(Image: Fotolia)

Workers file suit over Memphis refinery explosion

An explosion that killed a worker at a Memphis oil refinery is the subject of a multimillion-dollar wrongful death and injury lawsuit.  More »
An insurance broker from London inspects the ENSCO 8505, as he evaluates its prospects in the underwriting market. The rig is designed to operate in up to 8,500 feet of water and will be put to work in the Gulf in June. Photo: Emily Pickrell / HC

Drillers find green in deep blue sea

As Ensco officials prepare to send their newest deep-water drilling rig to sea, they have reason to see great promise over the Gulf of Mexico’s blue-gray horizon.  More »
The Sauers family of Seabrook, Texas, leaves the showroom in an all-electric Nissan Leaf  on Tuesday, Jan. 25, 2011, in League City.  They are the first Leaf owners in Texas. (Photo: Melissa Phillip/Houston Chronicle )

Hybrid, electric cars see record sales

Americans are buying record numbers of hybrid and electric cars as gas prices climb and new models arrive in showrooms, giving the vehicles their greatest share yet of the U.S. auto market.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Steffy: Slumping natural gas prices fuel companies’ worries

The talk of the town these days is gas prices and what to do about them.  More »
This is an undated handout photo issued by Total E&P UK Ltd of Total's Elgin PUQ (Process/Utilities/Quarters)  platform. 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. (AP Photo  / TOTAL E&P UK Ltd)

Total says “significant” progress made on gas leak

Total said it has made “significant” progress is plugging the gas leak on its Elgin platform in the North sea in the past week, according to a Bloomberg News story.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

N. Dakota oil production doubles in past 2 years

North Dakota oil production has more than doubled in the past two years, and the state’s sweet crude is now helping to feed refineries on the East, West and Gulf coasts.  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)

Expert says all Pa. oil, gas waste needs treatment

A former top environmental official says Pennsylvania’s successful efforts to keep Marcellus Shale wastewater away from drinking water supplies should be extended to all other oil and gas drillers.  More »
North Pole Refinery (Photo: Flint Hills Resources)

Costs, fuel sales drop lead refinery to shut unit

Decreased jet fuel sales in Anchorage were a secondary factor into the decision to shut down a crude oil refining unit at the North Pole Refinery, which will cost 35 to 40 jobs, according to a spokesman for refinery owner Flint Hills Resources.  More »