Fuel Fix

Shane Lee, former natural gas trader at Amaranth LLC, is sworn in before the Senate Homeland Security and Government Affairs Committee on Capitol Hill in Washington, D.C. (Photographer: Andrew Councill/Bloomberg News)

Amaranth’s $77.1 million manipulation settlement approved

A federal judge approved a $77.1 million settlement by Amaranth Advisors LLC, the hedge fund that collapsed in 2006 after losing $6.6 billion on natural gas trades, of a lawsuit brought by traders who accused it of market manipulation.  More »
The Deepwater Nautilus was used to drill Shell's Appomattox discovery in the Gulf of Mexico. (Houston Chronicle file photo)

Shell drilling could be on hold for weeks after fluid spill

Shell Oil Co. says it could take weeks to resume drilling at its Appomattox discovery in the Gulf of Mexico, after a leak of roughly 13,400 gallons of drilling fluids forced it to shut down work at the site.  More »
Oil gushes from BP's Macondo well in the Gulf of Mexico on July 12, 2010. (AP Photo/BP)

Halliburton, BP trade accusations over Gulf spill

Halliburton is accusing BP of cherry picking facts and testimony to create “an illusion” that Halliburton intentionally destroyed evidence about the quality of cement slurry in an oil well that blew out in the Gulf of Mexico in 2010, killing 11 workers.  More »

(Photo: Fotolia)

Goldman-backed Cobalt jumps following Angolan oil discovery

Cobalt International Energy Inc., the deep-water oil explorer whose biggest investors include Goldman Sachs Group Inc., had its largest gain after an exploration well off the coast of Angola struck oil.  More »
Industry and environmental interests are debating whether efforts to reduce smog would increase greenhouse gas emissions.  (AP Photo/David J. Phillip)

Corrected: EPA to require 5 more states to cut smog-season emissions in cross-state rule

The Environmental Protection Agency has added five states to its upcoming Cross-State Air Pollution Rule for summertime reductions of smog-forming emissions .  More »
Andrew Luck

Not even 30 and already on a Forbes list

Forbes released its first-ever “30 Under 30” listing of up-and –coming stars who haven’t yet reached the three-decade mark, and four Houston energy leaders share the stage with Houston stars Andrew Luck and Bobby Heugel.  More »
(AP file photo/Mark Lennihan)

Google, KKR invest in California solar project

Online search and advertising giant Google is teaming with investment firm Kohlberg Kravis Roberts & Co. to develop four solar energy farms serving the Sacramento Municipal Utility District in California.  More »
Texas Gov. Rick Perry (AP Photo/Jim Cole)

Rick Perry stands up for natural gas drilling

Texas Governor Rick Perry has wavered on some topics while on the national stage, but he hasn’t changed his stance on natural gas drilling or hydraulic fracturing.  More »
(John Davenport/San Antonio Express-News)

Eagle Ford drilling rush may boost Texas tax revenue 15-Fold as jobs boom

While the Eagle Ford shale boom in Texas isn’t the first that Daryl Fowler has seen, the DeWitt County judge is working to ensure that his community will be left with new roads and housing when the oil and gas are gone.  More »
Bobby Petty, with the "Veterans for Keystone XL," speaks in support of the proposed 1,700-mile pipeline that would connect Canadian tar sands to Port Arthur refineries. (Photo: Guiseppe Barranco/The Beaumont Enterprise)

WH spokesman: Keystone XL deadline leaves too little time for review

An effort by Congress to prod President Barack Obama on the Keystone XL oil pipeline gives the administration insufficient time to complete a review that meets environmental laws, White House spokesman Jay Carney said.  More »
This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Brazil oil spill may affect sensitive area

The oil that allegedly leaked from a Japanese-operated rig last week could affect an environmentally sensitive region in Rio de Janeiro, the state environment secretary said.  More »
Workers do general maintenance on the HOS Silverstar at Hornbeck Offshore Services in Louisiana's Port Fourchon on Friday Dec. 3, 2010. With deep-water drilling at a standstill, Hornbeck moved many workers to the maintenance team until activity picks up. (AP file photo/Kerry Maloney)

Miss. moves toward offshore oil and gas leasing

Mississippi state officials published regulations Monday to lease state waters in the Gulf of Mexico for oil and gas drilling.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.20.11|

Drilling fluids spilled near Shell site in Gulf. OPEC says don’t count on us for more supply. And an oil group asks supporters to boycott South American bananas.  More »
Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. (Photo: Cheniere Energy)

Cheniere Energy plans second U.S. natural gas export plant

Cheniere Energy Inc. (LNG), the liquefied natural gas importer that Standard & Poor’s has said is on the verge of default, announced plans for a gas-export plant in Texas, the company’s second proposed terminal to ship U.S. supplies of the fuel overseas.  More »
(AP file photo)

Tenn. politician suggests light bulbs as stocking stuffers

Tennessee U.S. Rep. Marsha Blackburn says her family’s holiday will be bright. She’s filling Christmas stockings with light bulbs.  More »