Fuel Fix

API President Jack Gerard speaks in Washington, D.C. (AP Photo/Jacquelyn Martin)

Oil trade group: Our profits benefit many

The oil industry’s leading trade group is trying to tamp down calls for new taxes as its member companies report big profits fueled by high crude prices.  More »
(AP Photo/Ed Andrieski)

Republicans, Obama spar over the amount of U.S. oil

Republicans are saying President Barack Obama is vastly underestimating the amount of oil in the United States after a petroleum report released last week.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

New drilling, production in Eagle Ford surges

Drilling in the Eagle Ford shale has dramatically increased in 2012, as producers have frantically turned away from cheap natural gas to production from regions that yield higher priced oils and other liquids.  More »
(Photo: Brian Turner/Flickr)

U.S. Supreme Court clears Chevron in Nigeria deaths

The U.S. Supreme Court on Monday rejected a final appeal of a San Francisco jury’s verdict that cleared Chevron Corp. of wrongdoing for the shootings of Nigerian villagers who occupied an offshore barge in 1998 to protest the company’s hiring and environmental policies.  More »
Baker Hughes employees work at a drill site. (Houston Chronicle)

Baker Hughes 1Q profit dips, but tops Street

Baker Hughes Inc.’s first-quarter profit slipped as its costs and expenses climbed, but its performance still beat Wall Street’s expectations.  More »
A boom is used to protect marshland in Terrebonne Parish on the Louisiana coast after the Gulf oil spill in 2010. Photo: Smiley N. Pool / Houston Chronicle

Shrimp processors object to BP settlement terms

A group of Gulf Coast shrimp processors asked a federal judge Monday to hold off on giving his preliminary approval to portions of BP’s proposed class-action settlement of economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.  More »
An Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)

Iran talks won’t halt oil sanctions, Societe Generale says

Negotiations to halt Iran’s nuclear-enrichment program will probably fail, setting the stage for full implementation of U.S. and European Union sanctions against the nation’s oil exports, Societe Generale SA (GLE) said.  More »
(AP file photo/Paul Sakuma)

Shell raises bid for Cove Energy to $1.8B

Royal Dutch Shell PLC has increased its bid for Britain’s Cove Energy PLC, which has assets in Kenya, Tanzania and Mozambique, to around $1.8 billion in cash.  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)

Official: Iran oil industry safe after cyberattack

An Iranian official says the country’s oil industry is working well despite an attack from hackers and a computer virus that targeted the sector’s computer systems.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |04.24.12|

Natural gas discovery might fuel tension in South China Sea. How much is actually in the U.S.? And politicians have mixed response to Sabine Pass approval.  More »
A man on a bus holds up a banner reading in Spanish "Today with Cristina we recovered YPF" during a demonstration in support of a bill proposed by Argentina's President Cristina Fernandez outside the government house in Buenos Aires, Argentina, Monday, April 16, 2012. Fernandez on Monday proposed a bill to expropriate 51 percent of the shares of YPF oil company that is controlled by Spain's Repsol, moving ahead with the plan despite fierce opposition from Madrid. (AP Photo/Natacha Pisarenko)

Repsol threatens to sue firms that help Argentina

Spanish energy firm Repsol warned Monday that it would consider legal action against companies or investors that help Argentina exploit petroleum Repsol had planned to tap before its Argentine unit YPF was nationalized.  More »
OLD DO NOT USE  Jim Mulva, CEO of ConocoPhillips, talks with reporters in Houston. (Photo: Melissa Phillip, Houston Chronicle)

ConocoPhillips 1Q profit drops 3 pct

ConocoPhillips says first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of assets.  More »