Fuel Fix

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 setback exposes Gazprom

Gazprom, the world’s biggest natural-gas producer, faces demands to pay more tax after opposition groups gained against Prime Minister Vladimir Putin’s ruling party in Russian parliamentary elections.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache to buy Burrup stake, plans to sell project to Orica

Apache Corp., the second-largest independent U.S. oil producer by market value, agreed to buy a 65 percent stake in Burrup Holdings Ltd. and said it’s in talks to sell most of Burrup’s explosives project to Orica Ltd.  More »
Ethicaloil.org has called for Canadians to boycott Chiquita bananas after the company announced it wouldn't use fuel made from Canada's tar sands. (AP Photo/Amy Sancetta, file)

Oil group calls for Chiquita banana boycott

Ethicaloil.org, a group who advocates for oil sands, has called for Canadians to boycott Chiquita bananas and Fresh Express Salads after the produce company said it would no longer use fuel made from the controversial Alberta tar sands.  More »

A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Gulf Keystone jumps on report Exxon considering making offer

Gulf Keystone Petroleum Ltd. rose to a record in London trading after a report that Exxon Mobil Corp. is considering a 7 billion-pound ($11 billion) takeover offer for the oil producer that’s active in Iraq’s Kurdistan region.  More »
This plastic childrens pool was used to catch leaks at Pelican Refining's Lake Charles, La. refinery. The Houston-based company pled guilty to a number of violations of U.S. environmental laws and to obstructing justice during the EPA's investigation. (Photo: EPA)

Judge approves $12M in penalties for refinery co.

A federal judge in Lafayette approved a $10 million fine and $2 million in community service payments to be paid by Texas-based Pelican Refining Company LLC for felony violations of the act and obstruction of justice.  More »
The Keystone XL pipeline was planned to be built near the sandhills in north central Nebraska, shown here. (AP Photo/Nati Harnik)

Bill offers no guarantees for Keystone XL pipeline

Legislation that would force President Barack Obama to make a swift decision on the controversial Keystone XL oil pipeline is in jeopardy on Capitol Hill, but even if Congress clears the measure today, the project’s approval is in doubt.  More »
Noble's exploration in the eastern Mediterranean (Image: Noble Energy)

Noble Energy raises gas estimate for Leviathan field

Noble Energy Inc. (NBL) boosted the estimated amount of natural gas at the Leviathan prospect off the coast of Israel, its biggest find ever, after getting results from another appraisal well.  More »
(Associated Press)

EPA final rule for coal plants deemed ‘unfortunate’ by industry

The U.S. Environmental Protection Agency’s rule to curb toxic emissions from coal-fired power plants drew criticism from an industry lobbyist and praise from an environmentalist even before it is released this week.  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)

FTS International considering selling company stake in 2012

FTS International LLC, a hydraulic- fracturing services provider partly owned by Chesapeake Energy Corp. (CHK), is considering selling a stake of itself as early as next year.  More »
(AP Photo/Keith Srakocic)

Oil companies exploring south-central Kansas

Oil companies have been leasing mineral rights on thousands of acres in south-central Kansas, where they have begun drilling wells using horizontal hydraulic fracturing, or “fracking,” a technique that has drawn scrutiny from the Environmental Protection Agency and other states.  More »
(AP Photo/Arktikmorneftegazrazvedka, HO)

14 dead, scores missing in Russia oil rig accident

Rafts carrying people have been spotted off Russia’s east coast where a floating oil rig sank in remote, freezing waters, the owner said Monday, but the government would not confirm the report and it was not clear whether there were survivors.  More »
(AP Photo/Charles Krupa)

EPA rules threaten older power plants

More than 32 mostly coal-fired power plants in a dozen states will be forced to shut down and an additional 36 might have to close because of new federal air pollution regulations, according to an Associated Press survey.  More »
John Alvin color illustration of Uncle Sam reaching up for a chain cutter that could free him from the slave shackles restricting his leg to oil barrels.

Loren Steffy: The myths of untapped oil

As we head into the presidential election next year, Democrats and Republicans are offering voters deceptively simple solutions to America’s complicated energy conundrum.  More »
A contractor closes a valve on his tanker truck at a Range Resources hydraulic fracturing operation Pennsylvania. (Keith Srakocic/AP)

Drilling in 2012: Production up; fewer leases

Marcellus Shale natural gas production is expected to keep rising in 2012, yet landowners may find that signing lease deals isn’t as easy as in years past.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.19.11|

Loren Steffy talks about the myths of untapped oil. Drilling is up in 2012, but companies are getting fewer leases. Is the 100-Watt days numbered?  More »