Fuel Fix

Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Texas Republican to float bill to approve Keystone XL

A Texas Republican lawmaker will introduce legislation Tuesday that would immediately approve the Keystone XL oil pipeline, overcoming the Obama administration’s denial of a permit last week.  More »
(Photo: Fotolia)

IEA predicts crude oil at $247 a barrel by 2035

The International Energy Agency expects nominal crude prices to reach $247 a barrel by 2035, almost twice the $133 assumed by the Organization of Petroleum Exporting Countries, even as expectations for demand converge.  More »
Halliburton Technology Director Ron Hyden points out key processes in a oil/gas well finishing operation at a well site near Poth, Texas. (Photo: Timothy C. Baker for the Houston Chronicle)

Deals in oil and gas services sector at a record high

High oil prices and increased exploration activity in North America helped push transaction activity oil and gas service sector to record highs for 2011, according to an Ernst & Young report.  More »
(Photo: Ed Yourdon, Flickr)

Keystone XL foes to “blow the whistle” on Big Oil’s influence on Congress

Opponents of the Keystone XL oil pipeline will gather outside the U.S. Capitol today to “blow the whistle” on Congress — quite literally.  More »
Baker Hughes employees work at a drill site. (Houston Chronicle)

Baker Hughes 4th-quarter profit declines

The oilfield service company suffered a 6 percent profit decline in the closing months as 2011 as its North American hydraulic fracturing business struggled.  More »
This image provided by BP's spillcam on June 6, 2010 shows oil leaking out of the Macondo well head in the Gulf of Mexico. (AP file photo/BP)

BP denies Gulfport’s damages claim

BP has told the city of Gulfport, Miss., that it has no documents to support a claim for $11.8 million in compensation for community damages from the Deepwater Horizon oil-rig explosion and spill.  More »
Former BP CEO Tony Hayward appears before the Energy and Climate Change Committee in the House of Commons, London in this image taken from TV Wednesday Sept. 15, 2010.  (AP Photo/PA)

Hayward lied to Congress about spill, lawyers claim

At best, former BP chief Tony Hayward has “a unique view of the truth” about the Deepwater Horizon disaster, according to a lawsuit to collect damages over the oil spill in the Gulf of Mexico.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache adds to its Panhandle holdings

Houston-based Apache Corp. will double its holdings in the Anadarko Basin of the Texas Panhandle and Oklahoma with a $2.9 billion deal to acquire Cordillera Energy Partners III.  More »
An unidentified worker steps through the maze of hoses being used at a remote fracking site being run by Halliburton for natural-gas producer Williams in Rulison, Colo. (AP Photo/David Zalubowski, File)

Shift to liquids helps keep Halliburton profit growing

Halliburton’s fourth-quarter earnings grew nearly 50 percent as it followed customers from natural gas into oil and gas liquids exploration in the U.S., company officials said.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Chesapeake stalls slide in gas prices with cutbacks in drilling

Chesapeake Energy Corp. (CHK), the second- biggest natural-gas producer in the U.S., accelerated an industry effort to cut back drilling to try to stop a price decline that saw gas slide to a 10-year low last week.  More »
U.S. President Barack Obama makes a speech to a joint session of Congress at the Capitol in Washington, D.C. September 2011. (Photo: Joshua Roberts/Bloomberg)

Obama to talk energy, jobs in State of Union speech

President Barack Obama tonight will lay out what he calls a “blueprint” for revitalizing the economy, emphasizing a rebirth for U.S. manufacturing, bolstering domestic energy production and training workers.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

U.S. seen being liquefied gas exporter in 2016 on fracking gains

The U.S. will become a net exporter of liquefied natural gas in 2016 as hydraulic fracturing boosts domestic supplies, the Energy Information Administration said.  More »
(AP file photo/Alastair Grant)

BP says no immediate supply issues after Petroplus insolvency

BP Plc (BP/) said there are no “immediate supply issues” across its retail network following today’s announcement that Petroplus Holdings AG will file for insolvency.  More »
View of Petroplus plant in Petit Couronne, northwestern France, Thursday, Jan. 5, 2012. Petroplus Holdings says it will temporarily halt production at three refineries in France, Belgium and Switzerland while it continues talks to unfreeze a $1 billion credit facility. Europe's largest independent oil refiner and wholesaler has struggled to convince lenders to grant it the credit necessary to continue its operations. (AP Photo/Christophe Ena)

Refiner Petroplus filing for insolvency

Swiss-based Petroplus Holdings, Europe’s largest independent oil refiner, said Tuesday that it is filing for insolvency after failing to reach an agreement with its lenders on its $1.75 billion credit line.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.24.12|

Texas Republicans float bill to approve Keystone XL. Chevron rig sinks off Nigeria coast. GOP staff discuss Keystone XL with TransCanada.  More »