Fuel Fix

The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko settles with Noble in rig-lease dispute, docket says

Anadarko Petroleum Corp., in what will be the first case arising from the 2010 Gulf of Mexico spill to go to trial, argues a U.S. ban on deep-water drilling qualified as an act of God that allowed it to end a rig lease.  More »
The Cushing, Okla., pipeline hub.

Seaway oil torrent boosts gas cargoes as Scorpio rises

The unprecedented flow of crude from the U.S. storage hub in Cushing, Oklahoma, to Gulf Coast refiners is poised to boost gasoline exports and tanker demand when most of the shipping industry is still losing money.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND Bakken well will pump nearly 3 decades

State officials say a typical well drilled in the rich Bakken and Three formations will produce about 540,000 barrels of oil over its 29-year lifespan.  More »
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Steffy: Government mandate doesn’t make a market

Mandating bio-fuels and trading credits doesn’t lower refiners’ production costs, nor does it create opportunity for their businesses through risk and reward. Instead, it’s establishing a disincentive designed to change behavior even though it isn’t in refiners’ economic interests.  More »
(Photo: Toyota Co.)

Toyota Prius escapes niche to surge into global top three

Toyota Motor Corp. (7203)’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit.  More »
Nissan Motor Co.'s gas-engine NV200 vehicle is displayed at the automaker's headquarters in Yokohama, near Tokyo. (AP Photo/Itsuo Inouye)

Nissan EVs tested in New York amid standard debate

Nissan is supplying New York City with fuel-efficient cabs, including six electric cars for testing, but acknowledged uncertainties Tuesday about an ongoing “debate” over charging standards for electric vehicles.  More »
2012 Fisker Karma. (Photo: Fisker Automotive)

Fisker’s luxury plug-in car revenue exceeds $100 million

Fisker Automotive Inc., a maker of luxury plug-in cars working to overcome battery problems, said its rechargeable Karma sedans generated revenue of more than $100 million in the first four months of this year.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Drilling boom spurring clean up push

The oil and gas drilling boom that has sent thousands of workers and rigs into North Dakota, Pennsylvania, Arkansas and Texas now is spurring another gold rush, as companies jockey to clean up the briny, metal-laden water that pours out of wells nationwide.  More »
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Investors lose on Texas electric utility stakes

The company now called Energy Future Holdings is making multimillion-dollar retention bonus payments to executives and cash payments to private equity holders, The Dallas Morning News reported.  More »
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Think the gas pump is wrong? You may be right

State inspectors have found hundreds of gas stations in the greater Houston area — 350 or more — that likely stiffed motorists because of poorly performing pumps.  More »
Rejected

BLM rejects permit for methane bacteria project

Federal land managers have rejected an application by a Colorado company to use bacteria to produce methane from northeast Wyoming coal beds.  More »
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Cuba’s oil dreams yet to materialize

After the first attempt in nearly a decade to find Cuba’s hoped-for undersea oil bonanza has come up dry, the island’s leaders and their partners must regroup and hope they have better luck – quickly.  More »