Fuel Fix

(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |03.24.11|

Why the fail-safe failed: Conoco keeps selling. Is Anglo Suisse leaky?  More »
Libyan soldiers loyal to Moammar Gadhafi's forces are seen on the western entrance of the city of Ajdabiya,  Libya, on Wednesday,  March 16, 2011.  (AP Photo/Jerome Delay)

Oil rises for 4th day on intense Libya fighting

Crude gained as much as 0.9 percent as the U.K. launched further attacks by submarine against Libyan air-defense systems.  More »
tesoro

Gasoline prices in Houston hold steady

The average price of gas in Galveston and Texas City is $3.46 this week.  More »
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(ConocoPhillips)

ConocoPhillips is sharply expanding asset sales

ConocoPhillips will sell up to $10 billion in additional assets over the next two years, significantly upping a previous target, as it steers more money to capital projects and stock buybacks, CEO James Mulva told analysts Wednesday. The Houston oil gi…  More »
The blowout preventer pulled from the wreckage at BP's Macondo well is transported to land for testing on Sept. 11, 2010. (Photo: U.S. Coast Guard)

Report says damaged pipe thwarted ‘fail-safe’ device

WASHINGTON — A piece of drill pipe knocked askew as BP’s Macondo well surged out of control kept its blowout preventer from averting last year’s disastrous oil spill in the Gulf of Mexico, according to an investigation released Wednesday. In the firs…  More »
(Image: Fotolia)

Houston company eyed in oil slick

An estimated one-quarter to one-half-mile of shoreline has been affected by patches of oil, the Coast Guard said. Preliminary test results on the oil may match with a Houston firm’s well.  More »
(AP file photo/Rick Bowmer)

Houston firm could pick up coal tracts

The U.S. government would give an estimated 145 million tons of publicly owned coal to a Houston company under an exchange supported by members of Congress that calls for future royalties and other coal reserves to go to the Northern Cheyenne Tribe.  More »
The blowout preventer pulled from the wreckage at BP's Macondo well is transported to land for testing on Sept. 11, 2010. (Photo: U.S. Coast Guard)

Report: Blowout preventer failed because of off-center drill pipe *updated*

A forensic testing firm that has spent months examining the blowout preventer used at BP’s doomed Macondo well concludes that off-center drill pipe prevented the emergency equipment from blocking surging oil and gas — and stopping the Gulf spill last year.  More »
OPEC_flag

Alternative energy in the heart of OPEC

Last month, I wrote about how Egypt had gone from an oil exporting nation to an importing one in the past two decades. It’s a change that’s facing other oil-producing nations as well. Across the Persian Gulf region, rising domestic consumption is outpa…  More »
The Occidental Petroleum headquarters in Los Angeles. (AP file photo/Reed Saxon)

Occidental settles natural gas royalty claims for $2 million

A lawsuit filed by a private citizen claims the company took improper deductions from the gas production values it reported to federal officials.  More »
Workers install equipment at a natural gas plant in the Mont Belvieu, Texas complex, May 1, 2007. (Brett Coomer/Chronicle)

Energy Transfer, Regency to buy NGL business for $1.93 billion

ETP and Regency will form a joint venture to buy the natural gas liquids pipelines and processing plants from Louis Dreyfus.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |03.23.11|

Another deepwater permit. Gas gooses Gulf chemical biz. Qatar asked for handouts.  More »