Fuel Fix

Houston's Laura and John Arnold. (Photo: Bill Olive for the Houston Chronicle)

Hedge fund Centaurus fined for violating gas position limits

Centaurus Energy Master Fund LP, a Houston-based energy hedge fund run by former Enron Corp. trader John Arnold, was fined $75,000 by the New York Mercantile Exchange for violating position limits in natural-gas trading.  More »
Natural gas drilling in the Marcellus Shale (Photo: Just Beneath the Surface)

Williams Partners to buy Marcellus lines for $750 million

Williams Partners LP agreed to buy pipelines connected to Pennsylvania and New York natural-gas wells from Delphi Midstream Partners LLC for about $750 million in cash and stock, adding capacity where production is rising.  More »
The blowout preventer stack, right,  and lower marine riser stack, left, from the Deepwater Horizon explosion and oil spill, which was examined as evidence for federal investigations, are seen at the NASA Michaud Assembly facility in New Orleans. (AP Photo/Gerald Herbert)

Cameron asks court to scuttle BP Gulf spill trial plan

Cameron International Corp. asked a federal appeals court to derail the February nonjury trial over which companies should be blamed for the 2010 BP Plc oil spill in the Gulf of Mexico.  More »

(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.23.11|

Enbridge gets green light on Bakken pipeline. Chevron, Conoco trapped in post-BP crackdown on spills. And a secret Ms. Santa is paying electric bills.  More »
Chad Murray, who works part-time as a hunting guide, has struggled to rebuild his life after surviving the Deepwater Horizon disaster. Murray says he wants to help his former co-workers and families who are still dealing with the aftermath of the accident.  (Photo: Loren Steffy, Houston Chronicle)

A new chapter for rig survivor

Chad Murray was one of the last people off the Deepwater Horizon. He twice fought his way back through the burning, debris-strewn living quarters to help rescue injured co-workers, risking his life to save them from the smoke and flames.  More »
Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, 340 miles southeast of Baghdad. (AP photo: Nabil al-Jourani)

Iraq oil output has reached a 20-year high

Iraqi crude oil production jumped to the highest level in at least 20 years, or more than 3 million barrels a day, said Hussain al-Shahristani, deputy prime minister for energy affairs.  More »
Anadarko headquarters in  The Woodlands.

Anadarko can limit some evidence in pollution lawsuit

Anadarko Petroleum Corp. (APC) can exclude some evidence from a $15.5 billion pollution lawsuit brought by creditors of Tronox Inc., the chemical maker that says it was driven into bankruptcy after it was saddled with environmental liabilities.  More »
(Photo: Steve Snodgrass/Flickr)

NRC approves new nuclear reactor design

Federal regulators have approved a nuclear reactor designed by Westinghouse Electric Co. that could power the first nuclear plants built from scratch in this country in more than three decades.  More »
Biggest Energy Saver - Mike & Stephanie Butler (Photo: CenterPoint Energy)

Houston resident cuts electricity use, wins Volt

Spurred by CenterPoint Energy’s biggest saver contest, Butler broke his bad energy habits, and he started seeing the difference on his electric bills almost immediately, he said.  More »
A natural gas well pad sits in front of the Roan Plateau near the Colorado mountain community of Rifle on April 22, 2008. (AP Photo/David Zalubowski)

Houston company seeks drilling permits in Colo. Springs

The Gazette reports that Ultra Resources Inc. already plans to conduct exploratory drilling for gas and oil on three to four sites in unincorporated areas of El Paso County early next year.  More »
(AP file photo/David J. Phillip)

El Paso natural gas line leaking off Louisiana, officials say

El Paso is repairing a natural gas pipeline leak off the coast of Louisiana, according to U.S. Coast Guard Petty Officer Steve Lehmann.  More »

Petrohawk ex-CEO leads $550 million deal for Ram stake

Former Petrohawk Energy Corp. head Floyd C. Wilson will become the chief executive officer of Ram Energy Resources Inc. after leading a $550 million purchase of a majority stake in the oil and natural-gas producer.  More »
(Photo: Fotolia)

BP recovers refinery tank from Puget Sound

Workers have recovered a 475-ton steel tank that fell into the northern Puget Sound two weeks ago on the way to a BP refinery near Ferndale, Wash.  More »
(AP file photo/Alastair Grant)

Betting on BP’s bankruptcy? That’ll cost you $9.80.

Event prediction site Intrade says the chance for a BP bankruptcy has fallen to 0.2 percent, lower than the chance for an alien discovery by NASA this year.  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: Rig partner liable for own punitive damages

BP wants to shield itself from having to compensate Halliburton for punitive damages, fines and penalties the cement contractor may face for its role in the deadly 2010 rig explosion and oil spill in the Gulf of Mexico.  More »