Fuel Fix

Icahn says CVR Energy bid draws majority of shares

Billionaire investor Carl Icahn said Tuesday that a majority of CVR Energy Inc. shares have been tendered in support of his hostile takeover bid for the oil refiner.  More »
(AP file photo/Marco Garci)

Tesoro Logistics purchases terminal for $75 million

‘Pipeline partnership Tesoro Logistics LP has purchased Tesoro Corp.’s crude oil marine terminal in northern California from refiner Tesoro Corp. for $75 million, the two companies announced Monday.  More »
This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Petrobras warns may be liable in $11 billion Chevron case

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil producer, may be liable for 30 percent of any damages Chevron Corp. (CVX) must pay in relation to a November spill off Rio de Janeiro’s coast.  More »
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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)

W.Va. couple sues Chesapeake over fouled well

Two Northern Panhandle residents are suing Chesapeake Appalachia LLC over well water contamination they believe was caused by natural gas drilling.  More »
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total weighs stake in gas pipeline to Europe from Caspian Sea

Total SA (FP), Europe’s third-largest energy company, may join a pipeline to carry Caspian natural gas across Turkey as the European Union seeks to cut dependence on Russian fuel.  More »
One of EnCana's SAGD oilsands operations located near Christina Lake.

Encana in play as Petronas seeks natural gas

Malaysia’s bid to secure natural gas supplies in Canada is turning Encana Corp. (ECA) and Talisman Energy Inc. into two of the industry’s cheapest targets.  More »
The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

Gas well snapshot shows high-producing Ohio wells

Natural gas wells using the drilling method known as hydraulic fracturing are producing at a much higher rate than traditional wells, according to the first look at production figures from nine active wells in the Utica Shale formation in eastern Ohio.  More »
The Trans-Alaska pipeline (Photo: BP)

Speaker: Oil tax bill unlikely to pass by April 15

House Speaker Mike Chenault said it’s “very unlikely” an oil tax bill will pass before the legislative session’s scheduled adjournment.  More »
Sen. John Hoeven, R-N.D., and former Interior Secretary Ken Salazar discuss North Dakota's oil boom after visiting a rig drilling wells in the Bakken formation for Newfield Exploration Co. (Photo: Jennifer A. Dlouhy / Houston Chronicle)

Drilling review process to speed up

The Obama administration will announce plans Tuesday to speed up the review process for oil and gas companies seeking to drill on U.S. lands. Interior Secretary Ken Salazar is set to tout the change as he finishes a two-day tour of booming oil and gas exploration in North Dakota.  More »
A handful of corn is shown before it is processed at the Tall Corn Ethanol plant in Coon Rapids, Iowa. (AP file photo/Charlie Neibergall)

EPA moves closer to OK of 15 percent ethanol gasoline

Most ethanol fuel sold for passenger cars and pickups today is 10 percent ethanol and 90 percent gas.  More »
CO2 emissions

Carbon capture main technology challenge for industry

Finding cost-effective methods to store captured carbon will be one of the main technology challenges ahead for the oil and gas industry, Shell’s chief scientist said at a chemical engineering conference.  More »
Antelope graze not far from gas drilling rigs in western Wyoming's Upper Green River Basin. (Photo: Mead Gruver, Associated Press)

EPA pushes off air rules for oil and natural gas

The Environmental Protection Agency will delay promulgating its long-awaited air standards for the oil and natural gas for two weeks, citing the need for more time to review public comments, an agency spokeswoman said Monday.  More »