Fuel Fix

Kinder Morgan reported fourth-quarter profits were up, thanks to the country's surging energy production. (photo Kinder Morgan)

Kinder Morgan Energy Partners 1Q profit falls

Kinder Morgan Energy Partners LP (KMP), the second-biggest U.S. pipeline operator, said first-quarter profit fell 39 percent because of costs stemming from its parent’s $24.1 billion purchase of El Paso Corp. (EP)  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 excludes Exxon from May energy auction

Iraq’s oil ministry said Thursday that the U.S. oil giant Exxon Mobil Corp. is not allowed to bid in the May energy auction because of its oil deals with the northern self-ruled Kurdish region in Iraq.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran says tougher EU sanctions will endanger global oil supply

Iranian Oil Minister Rostam Qasemi said further European Union sanctions on his country will affect global “energy supply security” and crude prices, according to a report on the Shana website.  More »
Commercial fishermen from St. Bernard Parish, La., hired by BP lay oil retention booms around New Harbor Island in the Gulf of Mexico in 2010. (AP Photo/Dave Martin)

Scientists: Fish are sick where BP’s oil spill hit

Two years after the massive Gulf of Mexico oil spill, scientists say they’re finding trouble with sick fish that dwell along offshore reefs and in the deep waters — especially in places where the oil spill hit the hardest.  More »
(Image: Fotolia)

Oil hovers below $103 amid signs of weak US demand

Oil prices hovered below $103 a barrel Thursday, after dropping sharply the previous day, when figures showed U.S. crude supplies rose more than expected for a fourth week, a sign demand remains tepid.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake says first lien on CEO’s oil wells shield holders

Chesapeake Energy Corp. (CHK) said shareholders are protected if Chief Executive Officer Aubrey McClendon defaults on personal loans because the company holds first liens on oil and natural-gas wells he used for collateral.  More »
Demonstrators march with a replica of a pipeline during a protest of Keystone XL at the White House on Sunday, Nov. 6.  (AP Photo/Evan Vucci)

TransCanada submits new route for oil pipeline

The company planning the disputed Keystone XL oil pipeline has proposed a new route through Nebraska that avoids the state’s environmentally sensitive Sandhills region.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

BP and plaintiffs finalize class-action settlement for court approval

A final settlement between BP and thousands of individual plaintiffs is edging closer, as the parties asked a federal judge to approve a proposed class-action deal benefiting people damaged economically by the 2010 spill of oil from BP’s Macondo well.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

Northwest Ore. LNG plant gets new life in exports

A proposed natural gas terminal on Oregon’s north coast originally designed for imports has been recast as an export facility.  More »
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon, Rosneft eye $500 billion joint investment in oil

ExxonMobil and Russian oil giant Rosneft could invest over $500 billion in a joint venture to explore for and produce oil in the Arctic and the Black Sea, the companies announced on Wednesday.  More »
(AP Photo/Mike Groll, File) As Denton considers fracking ban, the state's oil and gas regulator weighs in, calling the attempt "extremely misguided."

EPA gives industry breathing room on anti-pollution rule

Giving into energy industry demands, the federal government is set to announce today that it will give companies extra time to install new equipment to capture pollution from natural gas drilling and hydraulic fracturing operations nationwide.  More »
Demonstrators march with a replica of a pipeline during a protest of Keystone XL at the White House on Sunday, Nov. 6.  (AP Photo/Evan Vucci)

Deja vu? Republicans push another plan to force Keystone XL approval

Republicans revived a plan to force the Obama administration to permit construction of the Keystone XL pipeline by tying approval of the controversial project to a bill that would extend federal high way funding for 90 days.  More »