Fuel Fix

Halliburton sign on a machine (AP Photo/David Zalubowski, File)

Halliburton fights back against allegations it destroyed spill evidence

Halliburton today fought back against allegations the company destroyed potentially damaging evidence about the cement it applied at BP’s Macondo well just days before it blew out, triggering last year’s oil spill. Halliburton spokeswoman Beverly Blohm Stafford accused BP of “attempting to divert attention from its poor decisions” managing and designing the Macondo well.  More »
Shell's Arctic-class drill ship, the Kulluk, is shown as it is towed near Alaska. Shell is moving the Kulluk drilling unit from Dutch Harbor, Alaska, to a Seattle shipyard for ongoing maintenance and planned, technical upgrades. (Photo courtesy of Shell Oil Co.)

Public criticizes federal plan for drilling leases in Gulf, Arctic

Just four speakers turned out for the first Houston public hearing on the federal plan on offshore leasing.  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 got you down? There’s a bright spot

Tom Kloza, chief oil analyst at Oil Price Information Service, said the price gap from this year’s price to last year is the closest it’s been since Dec. 6, 2009. The difference is a scant 31 cents. It’s the first time this year that average consumer is paying less than 11 percent over last year’s average, Kloza wrote.  More »

(KRT file photo/Diego Giudice)

Repsol sees ‘colossal’ potential for oil output in Argentina

Repsol YPF SA (REP) sees “colossal” potential for producing oil and natural gas from unconventional fields in Argentina, where it’s exploring for resources, Chief Executive Officer Antonio Brufau Niubo said.  More »
Anadarko headquarters in  The Woodlands.

Anadarko may sell Mozambique gas fields

Anadarko Petroleum Corp., the independent oil and natural-gas producer paying $4 billion for its role in an oil spill last year, is mulling the possible sale of a portion of its Mozambique gas fields.  More »
A natural gas well site (AP file photo/Ralph Wilson)

IER report: U.S. sitting on wealth of energy

Abundant energy supplies in North America could provide enough power to supply the continent for generations, according to a new study released today by the Institute for Energy Research.  More »

Seaway pipeline reversal may be delayed, ConocoPhillips says

Reversing the direction of the Seaway oil pipeline running from Oklahoma to the Gulf Coast may take longer than the new ownership team expects.  More »
(Photo: Julien Tromeur, Flickr)

Shell sees 2012 oil output growth curbed by Europe demand

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, expects growth in production next year to be curbed by a slowing economy in the region.  More »
A drilling rig works the Marcellus shale in Houston, Pa.  (AP file photo/Keith Srakocic)

Revenue from Marcellus drilling income taxes is lower

A re-evaluation of state personal income tax returns has shown Pennsylvania received much less tax money than it expected from natural gas royalties.  More »
A picture of Swedish furniture retailer Ikea in Germany.

IKEA to install solar panels on Houston store

The iconic Swedish home furnishings retailer plans to install nearly 4,000 panels at the Houston store that will be able to generate more than 1.3 megawatts of energy, according to the company release.  More »
OLD DO NOT USE  Jim Mulva, CEO of ConocoPhillips, talks with reporters in Houston. (Photo: Melissa Phillip, Houston Chronicle)

Mulva touts natural gas as sustainable, abundant

Natural gas is the key to fueling global energy demands and fostering economic growth — but government policies could stifle the fossil fuel’s production — outgoing ConocoPhillips CEO Jim Mulva told the World Petroleum Congress this morning.  More »
This underwater image taken and released by Brazil's Environment and Natural Resources Institute, IBAMA, shows an oil spill in an offshore field operated by Chevron oil company at the Bacia de Campos, in Rio de Janeiro state, Brazil, Nov. 11, 2011. More than 2,600 barrels of oil may have spilled into the Atlantic ocean because of a leak at an offshore Chevron drilling site, IBAMA officials said Friday. (AP Photo/Ibama)

Brazil may fine Chevron $84 million for spill

Chevron Corp. (CVX), the second-largest U.S. crude producer after Exxon Mobil Corp. (XOM), may be fined $84 million by Rio de Janeiro state for environmental damage from an offshore oil spill.  More »
Natural gas drilling in the Marcellus Shale (Photo: Just Beneath the Surface)

EPA slams Pa.’s new Marcellus air pollution rules

The U.S. Environmental Protection Agency is criticizing new rules the Pennsylvania Department of Environmental Protection is using to determine how to regulate air pollution from Marcellus shale gas wells and development sites near one another.  More »
(AP file photo)

End of easy mideast oil means work for Exxon, BP

The Middle East will need more help from international investors to keep the title of world’s biggest oil and gas producer because its remaining deposits are harder to get at.  More »
BP CEO Bob Dudley (AP file photo/Alastair Grant)

BP CEO warns high oil prices endanger U.S. economy

BP Chief Executive Officer Robert Dudley warned high oil price could endanger the fragile U.S. economy, and the world should be concerned about the consequences that might have on the global market.  More »