Crude’s climb tied to Mississippi River flooding

Solar energy has huge potential in Texas, group says

Posted on May 10, 2011 at 11:19 am by Brett Clanton in Social, Solar, Workforce

Texas, endowed with the richest solar resources in the nation, ranks first among states in solar resource potential and should do more to capitalize on the bounty, says Solar Power International. More »

Ethanol mess with your car’s engine? You may be on your own

Posted on May 10, 2011 at 10:54 am by Tom Fowler in Social

Engine problems caused by the higher blends of ethanol in fuels may not be covered by some vehicle warranties, according to a survey done by an environmental advocacy group. More »

Enterprise Products Partners’ profit soars in first quarter

Posted on May 10, 2011 at 10:20 am by Associated Press in General

The Houston-based company said its net income rose to $420.7 million, or 49 cents per unit, for the three months ended March 31 versus $69.9 million, or 33 cents per share, a year earlier. More »

Energy execs among the ranks of well-paid CEOs

Posted on May 10, 2011 at 8:22 am by Jillian Cohan in People, Social, Workforce

Oxy’s Ray Irani makes the Top 50 list at No. 2. Find out where the leaders of Exxon, Apache, Chesapeake and others landed. More »

Reality intrudes on hopes for lower pump prices update

Posted on May 10, 2011 at 8:00 am by Brett Clanton in Crude oil, Refining

A rebound in oil prices and flooding concerns at Mississippi River refineries may foil hopes that gasoline prices were headed for significant declines this week. More »

Japan scraps plan to boost nuclear energy to 50%

Posted on May 10, 2011 at 6:51 am by Associated Press in Accidents, Asia, Nuclear

Japan will abandon a plan to increase nuclear power from 30 percent to half of the nation’s energy source by 2030 and will promote renewable energy as a result of its ongoing nuclear crisis, the prime minister said. More »

FuelFix Newslinks |05.10.11|

Posted on May 10, 2011 at 6:47 am by Tom Fowler in General

So much for falling pump prices. Gas but no frac fluids in well water. Pay is great for oil execs. More »

Exxon in talks on Angola sale

Posted on May 10, 2011 at 1:36 am by WSJ in Africa

Indonesian state energy firm Pertamina is in talks with Exxon Mobil to buy its 25 percent stake in an oil-exploration project in Angola after bidding around $3.5 billion. (Via WSJ) More »

Faulty pipe fitting blamed for TransCanada leak in N.D.

Posted on May 9, 2011 at 4:54 pm by Associated Press in Accidents, Pipelines

A weekend leak may have spilled up to 400 barrels of oil in southeast North Dakota, a TransCanada official said. The company plans to inspect all similar fittings along the Canada-to-Illinois pipeline before resuming operations. More »

Study finds gas in N.Y., Pennsylvania water wells, but no frac fluids

Posted on May 9, 2011 at 4:01 pm by Tom Fowler in General, Hydraulic fracturing, Natural gas, Oil field services, Shale

Scientists from Duke University have made a link between natural gas drilling and drinking water contamination in parts of New York and Pennsylvania. What they didn’t find, however, were chemicals related to hydraulic fracturing. More »

Dynegy reports net loss for fourth consecutive quarter

Posted on May 9, 2011 at 3:29 pm by Bloomberg in Electricity

The Houston-based power producer reported a first-quarter net loss of $77 million, or 64 cents a share, compared with net income of $145 million, or $1.20, a year ago. The company was expected to lose 70 cents a share, according to one analyst’s estimate. More »