Fuel Fix

(AP Photo/Steve Helber)

Federal judge blocks Calif. low-carbon fuels rule

California officials say they will ask a federal judge to stay his ruling that blocks the state from enforcing the first-in-the-nation mandate for cleaner, low-carbon fuels.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.30.11|

Gulf lease sales could reduce U.S. oil dependence. Does U.S. really have 100 years worth of natural gas? Consumers have more options to reduce energy bills.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil inches up toward $100 as US economy improves

Oil prices inched higher toward $100 a barrel today in Asia amid encouraging signs the U.S. economy is slowly improving.  More »

Oil Pipeline

Nebraska gives pipeline firm map of areas to avoid

The Canadian company that wants to build a $7 billion pipeline to tar sands oil across the Plains to refineries near the Gulf of Mexico now has a map of areas to avoid in Nebraska.  More »

Northstar Offshore Energy sells assets to Korean group for $201 million

Houston-based Northstar Offshore Energy Partners sold all its assets in the Gulf of Mexico to a Korean buying group for $201 million, company officials said.  More »
Ray Palmer, director of the Pensacola Sports Association, displays a sports towel and fleece blanket in Pensacola, Fla. The items were part of a tourism promotion funded British Petroleum (BP) as restitution for the 2010 Gulf oil spill. (AP Photo/Melissa Nelson)

BP money buys sports towels, Xmas lights, jingles

Sports towels and fleece blankets. A poker tournament. A $1 million Christmas display. A prom for senior citizens. BP gas card giveaways. A “most deserving mom” contest. And advertising, lots of advertising.  More »
An El Paso well in the Altamont field in Utah (Photo: El Paso Corp.)

Natural gas companies big winners on stock market

The stock market’s mundane year got a bump from two Houston-based natural gas companies.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Chesapeake Energy sued for canceling leases

More than 100 homeowners in Michigan sued Chesapeake Energy after an affiliated company terminated leases and failed to pay bonuses after a nearby test well came up dry, according to a Reuters investigation.  More »
Gas nozzle at a Valero pumping station (AP Photo/Rich Pedroncelli, file)

Gas prices rise before the New Year

Gas prices rose in Houston after declining to near the sub-$3 per gallon mark last week.  More »
Cyprus' President Dimitris Christofias, second right, listens to a worker of Noble Energy at the offshore oil and gas rig belonging to Houston-based Noble Energy Inc. about 115 miles (185 kilometers) off the island's south coast. A field off Cyprus where U.S. firm Noble Energy is conducting exploratory drilling holds an estimated 5-8 trillion cubic feet (140-230 billion cubic meters) of natural gas, a significant find for the small island, the country's president announced Wednesday, Dec. 28, 2011. (AP Photo/Press and Information Office, HO, File)

Noble’s Cyprus gas find may be complicated by Turkey

Noble Energy Inc. (NBL)’s plans to develop as much as 8 trillion cubic feet of natural gas off the coast of Cyprus may be complicated by a dispute with Turkey over development of the field.  More »
Workboats operate near the Transocean Development Driller II at the site of the Deepwater Horizon incident in the Gulf of Mexico. (AP file photo/Dave Martin)

BP staff may face U.S. criminal charges after spill

U.S. prosecutors are preparing what would be the first criminal charges against BP Plc (BP/) staff after the worst U.S. oil spill last year, the Wall Street Journal reported, citing unidentified people familiar with the matter.  More »
A Chesapeake Energy drilling rig (Photo: Chesapeake Energy)

Chesapeake to sell gas pipelines to affiliate for $865 million

Chesapeake Energy Corp., the most active U.S. oil and natural-gas driller, agreed to sell a pipeline subsidiary to an affiliated partnership for $865 million.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.29.11|

Did Iran hurt themselves with threatening to shutdown the Strait of Hormuz? Libya’s December exports are up. New York sees economic lift from gas drilling.  More »
Wind turbines stand behind houses of the village of Feldheim near Berlin, Germany.  (AP Photo/Michael Sohn)

All eyes on German renewable energy efforts

This tiny village of 37 gray homes and farm buildings clustered along the main road in a wind-swept corner of rural eastern Germany seems an unlikely place for a revolution.  More »
Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

Iran may hurt self most by closing Strait of Hormuz

It would be relatively easy for Iran to make good on its threat to close the strategic waterway that carries oil tankers from the Persian Gulf — and it would probably hurt itself most by taking such action.  More »