Fuel Fix

(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.11.12|

Tesoro plans to sell Hawaii refinery. Ford unveils new plug-in. U.K. scientist says fracking won’t cause earthquakes.  More »
(Image: Fotolia)

Enterprise extends commitment period for Pennsylvania-Texas pipeline

Enterprise Product Partners is looking for more commitments from shippers for its proposed 1,230-mile Appalachia to Texas pipeline, known as the ATEX Express.  More »
Marathon gas station sign (AP Photo/Gene J. Puskar)

Marathon Petroleum expects net loss for fourth quarter

The refining company, which split from Marathon Oil last year, said rising crude oil prices hurt its profits in the final months of 2011.  More »
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Oil rises on China’s growth in imports

Prices rose after China said oil imports grew 6 percent in December, when compared to a year earlier  More »
Kinder Morgan reported fourth-quarter profits were up, thanks to the country's surging energy production. (photo Kinder Morgan)

Natural gas production drives price down

Increased production of natural gas has driven prices to their lowest in a decade, according to the U.S. Energy Information Administration.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND oil production exceeds 500,000 barrels daily

North Dakota oil drillers have surpassed a milestone of half a million barrels of oil a day.  More »
(AP Photo/Keith Srakocic)

Oil and gas leases on public lands up 20 percent in 2011, feds say

The announcement comes as the Interior Department plans a host of new lease sales in 2012 and mulls regulations that would require disclosure of hydraulic fracturing fluids used on public lands and could boost the 12.5 percent royalty rate.  More »
(Photo: Martin Abegglen/Flickr)

Exports fuel record year for U.S. diesel production

European demand for diesel led to record exports and depleted domestic inventory of distillate fuels by 13 million barrels in the last quarter of 2011, according to a federal report.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Venezuela doesn’t intend to pay more to Exxon

Venezuela’s oil minister said the government doesn’t intend to make additional payments to Exxon Mobil Corp. beyond about $255 million that it agreed to pay in a recent arbitration award.  More »
Shell Oil Co. Logo

Feds say timely answer ahead on Alaska drilling

A top federal official said that the Interior Department is committed to giving Shell Oil Co. a firm answer on its Alaska offshore drilling applications, with plenty of time to spare should the company’s application be approved.  More »
A Chinese man holds up oil residue found in his shrimp farm in the coastal Leting county in the Bohai Bay near northern China's Hebei province. China's oceanic agency has ordered ConocoPhillips China to do more to prevent and clean up offshore spills that occurred June 4 and June 17, 2011 in the Bohai Bay that have raised an outcry among fishermen and environmentalists. (AP Photo)

Cnooc, ConocoPhillips sued by fishermen for $34 million over spill

China National Offshore Oil Corp. said 29 fishermen had sued the country’s biggest offshore energy explorer for $34 million for economic losses following oil leaks in Bohai Bay last year.  More »
Luminant's Big Brown coal power plant (AP photo)

Texas Senate mulls drought impact on power supply

A Texas Senate committee will examine how current and future drought conditions might hurt the state’s capacity to generate electricity and could leave some areas without enough power.  More »