Fuel Fix

A worker repairs an oil pipeline at Rumaila oil fields, near the southern city of Basra, Iraq. (AP Photo / Nabil al-Jurani)

Lukoil, Shell may buy Exxon stake in West Qurna

OAO Lukoil is in talks to buy 37.5 percent of the West Qurna-1 field in Iraq from Exxon Mobil Corp. (XOM), RBC Daily reported today, citing unidentified people.  More »
On the roads outside the Lincoln Paper and Tissue mill in Lincoln Maine, tractor-trailers haul flatbeds stacked with tree trunks through Lincoln’s streets dozens of times a day. Photo: Brian Wingfield/Bloomberg

EPA shows regulations that can kill jobs can also create

Lincoln Paper & Tissue LLC is nestled near a pond amid the forested countryside of Maine. It’s a 128-year-old mill where third-generation workers are as deeply rooted as the evergreens.  More »
Iranian President Mahmoud Ahmadinejad sits for an interview with state-run TV. (AP Photo/Presidency Office, Rouzbeh Jadidoleslam, HO)

Iran oil sanctions will shrink the circle of foreign buyers

Iran faces new hurdles to getting paid for its oil as the U.S. tightens financial sanctions to deter buyers from the world’s third-largest crude exporter.  More »

(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |11.30.11|

Researchers say hydrofracking chemicals will surge as drilling continues. U.S. nears a milestone as a fuel exporter. And will the lights really stay on in Texas?  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)

Republicans push plan to force Keystone XL decision

Senate Republicans are pushing legislation that would force the Obama administration to decide whether to permit the controversial Keystone XL pipeline within two months — bucking the 14-month timeline the White House has planned.  More »
(Photo: Julien Tromeur, Flickr)

Oil may reach $175 by 2015 on less investment

Oil may reach $175 a barrel because governments in the Middle East and North Africa are decreasing investment in energy production to enhance outlays on social programs amid political unrest, Fatih Birol, the International Energy Agency’s chief economist, said today.  More »
(Photo: Keoki Seu, Flickr)

Sundrop Fuels seeks “biofuel” status for synthetic gasoline

Colorado-based Sundrop Fuels has announced it will locate its first plant in Louisiana. Gaining “biofuel” status from the Environmental Protection Agency will make its synthetic gasoline more marketable.  More »
The Cushing, Okla., pipeline hub.

Another oil pipeline lands in environmentalists’ crosshairs

Environmental groups fighting the controversial Keystone XL pipeline that would carry Canadian crude to the Gulf Coast are now targeting a new project designed to get the oil out of Alberta and to overseas markets. Three conservation groups today released a report documenting the risks of a spill from Enbridge Inc.’s proposed Northern Gateway pipeline, which would carry oil sands crude from Alberta to British Columbia’s Pacific Coast.  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.)

Environmentalists mount fresh challenge against Shell’s Arctic drilling plans

Environmentalists have opened a new front in their campaign to block Shell’s planned drilling in Arctic waters near Alaska, by challenging the government’s decision to issue the company essential air pollution permits for some of the work.  More »
This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Chevron delays Brazil wells as government probes spill

Chevron Corp., the third-largest oil producer in Brazil, has delayed three wells at the offshore Frade project while it waits for the government to lift a drilling ban following an oil spill earlier this month.  More »
(AP Photo)

EPA could give power companies options to delay pollution rule

The Environmental Protection Agency would let power plants apply for more time to comply with new pollution standards under a rule sent to the White House for review, according to people familiar with the process.  More »
Luminant's Big Brown coal power plant (AP photo)

Luminant asks EPA to ease new regulation further

Dallas-based Luminant Generation Co. asked the Environmental Protection Agency to further ease an upcoming power-plant emissions rule to allow companies to better adhere to stricter standards.  More »
(Victor Dubreuil)

Oil prices near the $100 mark again

Oil prices are flirting with $100 per barrel again after a private survey found that American consumer confidence rose this month to the highest level since July.  More »
Opponents of the proposed Keystone XL pipeline protest the project in front of the White House on Saturday, Aug. 20, 2011. (AP Photo/Manuel Balce Ceneta)

Goolsbee calls Keystone XL pipeline critics naive

People in the U.S. opposing TransCanada Corp. (TRP)’s Keystone XL pipeline are being “naïve,” said Austan Goolsbee, former chairman of the White House Council of Economic Advisers.  More »
The Deepwater Nautilus was used to drill Shell's Appomattox discovery in the Gulf of Mexico. (Houston Chronicle file photo)

Transocean stocks falling on plan to sell shares to retired debt

Transocean Ltd., the world’s largest offshore oil driller, fell as much as 6.3 percent after announcing it would sell shares to finance a $1.7 billion repurchase of convertible notes.  More »