Fuel Fix

Mohammad Rezaie changes the gas prices at his Union 76 gas station in Oakland, Calif., Friday, Nov. 11, 2011.  The price of oil is flirting with $100 per barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and trigger another recession. (AP Photo/Paul Sakuma)

Gasoline prices rise in Texas, Houston

Gasoline prices are back on the rise in Houston and Texas.  More »
Welding crews lay pipelines in Texas to move oil and gas extracted from the Eagle Ford Shale to market. (John Davenport/San Antonio Express-News)

Clearer rules are needed, Eagle Ford Task Force says

Operators in the Eagle Ford Shale need greater clarity of the rules to ensure they can prosper and protect the environment, the founder of the Eagle Ford Task Force said.  More »

ConocoPhillips reports 66 percent rise in profit

Houston-based oil giant ConocoPhillips posted Wednesday a 66 percent increase in its fourth-quarter profit, boosted by higher oil prices and the company’s aggressive program to shed underperforming refineries and other assets.  More »
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Norwegian venture capital firm finds success in Houston innovations

Energy Ventures, a nine-year-old firm, opened Houston offices in 2007 and is backing local start-ups that want to revolutionize oil field production.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Shale gas $100 billion savings to U.S. exceed tax cuts

Natural gas prices that slumped to a 10-year low this month could save U.S. consumers $16.5 billion on home energy bills over the course of a year, according to a senior economist at the U.S. Federal Reserve.  More »
(AP file photo/Alastair Grant)

Fla. hotel sues BP over oil spill claim

A landmark Tampa Bay area hotel claims BP has failed to pay an oil-spill claim of more than $5 million.  More »
President Barack Obama (AP file)

Obama unveils energy plan in key states

President Barack Obama is announcing the sale of oil and gas drilling leases for nearly 38 million acres in the Gulf Coast and promoting the completion of a highway corridor for vehicles that run on liquefied natural gas, a response to critics who say his policies have stifled domestic energy production.  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)

La. oil officials dissatisfied with Obama speech

A day after President Barack Obama’s State of the Union speech, petroleum industry representatives called Wednesday for a more-aggressive energy development policy, saying the United States could take care of more of its petroleum needs while cutting dependence on unstable foreign oil supplies.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.26.12|

Gasoline prices are on the rise again. Kinder Morgan still sees investments in natural gas pipelines. Obama hits the road to talk oil drilling.  More »
Taken in the Gulf of Mexico more than 50 miles southeast of Venice on Louisiana's tip, the Deepwater Horizon oil rig is seen burning. A BP scientist identified a previously unreported deposit of flammable gas that could have played a role in the Gulf of Mexico oil spill, but the oil giant failed to divulge the finding to government investigators for as long as a year, according to interviews and documents obtained by The Associated Press. (AP Photo/Gerald Herbert, File)

Feds propose first central Gulf lease sale since Deepwater Horizon

The Bureau of Ocean Energy Management proposed today an oil and gas lease sale in the Gulf of Mexico, the second there since the 2010 oil spill and the first since then in the Central Gulf region where the disaster occurred.  More »
(AP Photo/Lynne Sladky)

Chevron gets go ahead to expand Table Rock Field

Chevron USA Inc. has gotten the go ahead to add up to 88 new wells in western Wyoming.  More »
(Photo: Fotolia)

Crude prices rise on promise of low interest rates

The Fed’s plan allows consumers and business to continue to borrow money cheaply in the U.S., which should help boost the economy of the world’s largest oil consumer.  More »