Fuel Fix

A file picture taken on December 27, 2011 shows the refinery of Swiss firm Petroplus in Cressier. Credit ratings agency Standard and Poor's on December 29 downgraded its rating for Swiss oil refiner Petroplus to CCC+ after banks froze 1 billion USD (0,7 billion euros) in credit. (FABRICE COFFRINI/AFP/Getty Images)

Petroplus shuts three refineries as credit freeze halts supplies

Petroplus Holdings AG, Europe’s largest independent refiner by capacity, will suspend operations at three plants in the region after banks froze $1 billion of the company’s loans, cutting crude supplies.  More »
Sleeping quarters aboard the Perdido, operated by Shell Oil Co., and owned buy Shell, Chevron and BP. The platform is located in the Gulf of Mexico, 200 miles south of Galveston, Texas. (AP Photo/Jon Fahey)

The offshore drilling life: cramped and dangerous

The 160 workers on Shell’s Perdido oil platform have access to a free restaurant, gym and movie theater.  More »
Demonstrators for the Keystone XL pipeline, right, and a demonstrator against the pipeline meet outside Pershing Auditorium near the state Capitol in Lincoln, Neb. before a hearing on the pipeline. (AP Photo/Nati Harnik)

New poll shows Americans still support Keystone XL

A majority of the U.S. still supports building the controversial Keystone XL pipeline that has becoming a political hot button for President Barack Obama’s re-election campaign, according to a new Rasmussen Poll.  More »

(Photo: Fotolia)

Global crude oil prices reach new heights

Global Brent crude oil prices for 2011 are set to reach the highest average price in the 150-year history of the modern petroleum industry, according to an HIS CERA analysis release this week.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Energy boom reported in Oklahoma

Oklahoma flexed its muscles as an energy state in 2011.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Deep Gulf drilling thrives 18 mos. after BP spill

Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean’s surface than ever before.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Driller files court appeal of Pa. town’s ordinance

Range Resources Appalachia LLC has gone to court to challenge a southwestern Pennsylvania township ordinance that restricts natural gas drilling.  More »
The Ensco 8501 semi-submersible rig in the Gulf of Mexico (Jennifer A. Dlouhy/Houston Chronicle)

Gulf lease sales will reduce U.S. oil dependence

Ten planned lease sales in the Gulf of Mexico will reduce dependence on foreign oil, the U.S. Interior Department said in a draft environmental review.  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 threats add new dimension to Keystone XL debate

Threats by Iran to cut off the Strait of Hormuz, through which nearly a fifth of the world’s oil is transported, have further energized both sides in the debate over the proposed Keystone XL oil pipeline.  More »
(John Davenport/San Antonio Express-News)

Eagle Ford gas boom luring builders

The housing business remains emphatically average across the major cities in Texas, as home builders continue to pull themselves up from the recession’s lows.  More »
Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. (Photo: Cheniere Energy)

Cohen’s SAC Capital buys stake in Cheniere Energy

SAC Capital Advisors, the $14 billion hedge fund run by Steven A Cohen, bought a 5.7 percent stake in Cheniere Energy Inc., a liquefied natural-gas importer, according to a filing with the U.S. Securities and Exchange Comission today.  More »
(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 »