Fuel Fix

(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

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A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Magnum Hunter shares could be de-listed, NYSE says

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(Photographer: Eddie Seal, Bloomberg)
A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
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These are the experts drawing battle lines over oil exports

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The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.
(Image: Fotolia)

Foundations launch campaign to divest from fossil fuels

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A coalition of 17 foundations, representing almost $1.8 billion in investment, plans to divest from fossil fuel companies in its portfolios and invest more in clean energy, leaders of the effort said Jan. 30.
Categories: Finance/Earnings
(AP Photo/The Tyler Morning Telegraph, Sarah A. Miller)

What’s in State’s Keystone XL oil pipeline report

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Here are the most important details in the State Department’s 11-volume report on the Keystone XL pipeline released Friday, the fifth environmental review released on the project since 2010.
(Image: Fotolia)

Pipeline trial kicks off as if nasty divorce case

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The billion-dollar legal battle among three oil and gas giants – Energy Transfer Partners, Enterprise Products and Enbridge – that went to trial last week sounds like a bitter divorce case, complete with accusations of a lovers’ triangle.
American Petroleum Institute chief economist John Felmy. (Mayra Beltran / Houston Chronicle)

Q&A: Arguing the case for oil exports

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The idea to the lift the ban has drawn both interest and resistance in Congress, but midterm election politics may sour the congressional appetite to change the law this year. In a recent interview with FuelFix, Felmy argued the industry’s case for dismantling the ban.
Categories: Crude oil, Markets
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

BP digs in as last leg of Gulf oil spill trial approaches

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The legal clash over the 2010 Gulf of Mexico oil spill is entering a key chapter that could give BP an idea of just how large a hole the disaster will burn in its wallet.
(Image: Fotolia)

Gas no longer escaping from rig off La. coast

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The operator and federal regulators say the flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana’s coast.
(Eddie Seal/Bloomberg)

Teapots boiling in Texas as shale spurs refining revival

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Blue Dolphin, Valero Energy Corp., Kinder Morgan Inc. and others are trying to capitalize on the biggest boom in U.S. history by building new crude-processing equipment, reviving mothballed plants and opening new teapot refineries.
Categories: Eagle Ford, Refining