Fuel Fix

The Seaway Crude Oil Pipeline Co.'s expanded pipeline will carry oil from Cushing, Okla., to refineries along the Gulf Coast. (Photo: LyondellBasell)

LyondellBasell sees projects boosting profit by $1 billion

LyondellBasell Industries NV, the chemical maker that emerged from bankruptcy last year, may spend $1.5 billion on new plants and expansions to add as much as $1 billion a year to pretax earnings by 2016.  More »
A drilling rig in Pavillion, Wyo., used to drill a deep water well for testing. (Photo: EPA).

EPA links hydraulic fracturing with groundwater pollution

The Environmental Protection Agency on Thursday linked hydraulic fracturing with groundwater contamination — a first-of-its-kind conclusion by the federal agency that could trigger new scrutiny of the practice used to extract oil and natural gas.  More »
(AP Photo/Steve Helber)

How can the energy industry improve its image? Sell iPads

Energy Advocates, an Oklahoma-based group that aims to promote various forms of energy, including oil, natural gas, coal and renewables, is planning a nationwide tour next year to boost the energy industry’s image and increase public understanding.  More »

A Pakistani paramilitary soldier looks at the burning NATO supply oil tankers and goods trucks at a terminal following an attack by gunmen in Quetta on December 8, 2011. Up to 20 trucks were ablaze after a rocket attack on a NATO trucking terminal in Quetta, the capital of the southwestern Pakistani province of Baluchistan, officials said. A number of oil tankers and goods trucks were parked in the temporary terminal after Pakistan shut down supply lines for troops in Afghanistan in anger at a deadly NATO cross-border air strike which killed 24 Pakistani soldiers. AFP PHOTO / BANARAS KHAN

NATO fuel tankers set ablaze in Pakistan

Assailants torched more than 20 tankers in Pakistan carrying fuel for U.S. and NATO troops in neighboring Afghanistan on Thursday, in the first reported attack since Islamabad closed the border to protest coalition airstrikes that killed 24 Pakistani troops last month.  More »
A truck passes the Hy-Vee gas station, Tuesday, Nov. 11, 2008, in Des Moines, Iowa. Retail gasoline prices dipped for a 17th week since July 4, falling below $2 a gallon in a number of states and approaching $1.50 at some service stations.  (AP Photo/Charlie Neibergall)

Gas prices up slightly over last week

Gas prices are up slight over last week in Houston and Texas, according to AAA gas gauge.  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 topping $150 could happen within a year

The prospect of oil topping $150 a barrel within a year has become the biggest bet in the options market as the U.S. and Europe work to limit Iran’s crude sales.  More »
Exxon natural gas wells sit off the coast of Dauphin Island, Ala., on Wednesday, Dec. 20, 2000. Exxon operates 13 wells off the Alabama coast. (AP Photo/Dave Martin)

Update: Exxon says natural gas will support energy demand growth

Worldwide energy demand over the next 30 years will be reshaped by a continued shift toward less-carbon intensive sources such as natural gas, Exxon Mobil said in its annual energy outlook.  More »
ASME1

UH gets $1.25 million for subsea engineering, petroleum technology

The American Society of Mechanical Engineers is donating $1.25 million to the University of Houston to support subsea engineering and petroleum technology initiatives.  More »
(Photo: Toyota Co.)

Exxon Mobil predicts surge in hybrid vehicles

Exxon expects to see more and more hybrids on the world’s roads, with gas-sipping models like the Toyota Prius making up half of all vehicles by 2040.  More »
(Photo: Fotolia)

Coast Guard says two crude pipelines in Texas City ‘threatened’

Crews are removing oil from two pipelines containing 1,000 barrels after a retaining wall at an Enterprise Products Partners LP dock in Texas City, Texas, partially collapsed, the U.S. Coast Guard said in a statement posted on its website.  More »
Photo: Timothy A. Clary/AFP/Getty Images

US, Alaska lease sales nab $24M in high bids

A state of Alaska petroleum lease sale took in just under $21 million in high bids on the North Slope and in nearshore waters of the Beaufort Sea, a step Gov. Sean Parnell hopes will help increase the volume of crude oil in the trans-Alaska pipeline.  More »
Natural gas drilling in the Marcellus Shale (Photo: Just Beneath the Surface)

Feds: Pay attention to drilling in Pa., elsewhere

The final report from a federal panel on natural gas drilling warns that the industry and the government need to do more to address environmental concerns.  More »
California Governor Arnold Schwarzenegger speaks to reporters after members of the National Governors Association met with US President Barack Obama at  the White House in Washington, DC. (Photo: MANDEL NGAN/AFP/Getty Images)

Schwarzenegger wants to pump you up, green energy

Former California governor Arnold Schwarzenegger is urging Republicans presidential candidates to give renewable energy a fair shake.  More »
(Photo courtesy of Shell Oil Co.)

Repsol, Shell, Conoco offer high bids for Alaska oil leases

Repsol YPF SA, Royal Dutch Shell Plc and ConocoPhillips are among the high bidders for oil leases offered by the State of Alaska.  More »
The Cushing, Okla., pipeline hub.

CME Group considers new oil contract after seaway reversal

CME Group Inc., the world’s largest futures exchange, said it’s considering developing an oil futures contract for light, sweet crude brought to the U.S. Gulf Coast by the Seaway and Eagle Ford pipelines.  More »