Fuel Fix

The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

Report: Natural gas exports wouldn’t move prices much

A report by consulting firm Deloitte projects that exports would increase the average price of natural gas prices by less than 2 percent. But Gulf Coast prices would rise by 7 percent.  More »
A Libyan man works at a refinery inside the Brega oil complex on Saturday Feb. 26, 2011.  (AP Photo/Hussein Malla)

Libya to reach full oil output by third quarter of 2012

The North African nation is seeking to raise its production to 2 million barrels a day in three to five years, Abdul-Rahman Ben Yezza said today in Vienna, where the Organization of Petroleum Exporting Countries met.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko gives green light to Lucius project in Gulf

Anadarko said today it plans to begin drilling in the Lucius project in 2012, tapping what the company has touted as its “most economic project” in its stable.  More »

(Image: Fotolia)

Houston firm pays $93K for fouling W. Pa. stream

The Pittsburgh Post-Gazette says Houston-based EOG Resources, Inc., will also pay $65,000 toward a yet-to-be-determined environmental project in the watershed of the Little Laurel Run creek in Clearfield County near Parker Dam State Park.  More »
(AP file photo/Marco Garci)

Gasoline prices drop across Texas

The average price of gasoline dropped to $3.07 in Houston, down from the $3.10 average from last week. Texas saw prices fall to $3.08, and the national average is down 4 cents to $3.25.  More »
western-australia-kangaroo-beach

Chevron Has 12th Australian Natural-Gas Discovery Since 2009

Chevron Corp. (CVX), the second-largest U.S. oil producer, reported its 12th natural-gas discovery off Australia since mid-2009 as the company advances with the $29 billion Wheatstone project.  More »
Speaker of the House John Boehner, R-Ohio, speaks to reporters at the Capitol in Washington. (AP Photo/J. Scott Applewhite)

Pipeline protest held outside Ohio Boehner office

Protesters upset over U.S. House Speaker John Boehner’s support for a proposed continental oil pipeline have demonstrated outside his office in southwest Ohio.  More »
(AP photo)

Exxon, API spend millions on lobbying this quarter

Exxon Mobil Corp. spent $3.21 million and the American Petroleum Institute spent $1.9 million in the third quarter to lobby the federal government on offshore oil drilling, hydraulic fracturing and other issues, according to a disclosure report.  More »
(Photo: Fotolia)

Oil near $96 amid Europe debt, economy concerns

Oil prices rose to near $96 a barrel Thursday in Asia after plunging the previous session on investor pessimism that Europe’s debt crisis will trigger a recession on the continent next year.  More »
frame full of pink slips, layoff notices, etc.

Chevron Phillips to lay off dozens at Pasadena plastics complex

The Woodlands-based chemical company plans to cut 61 Pasadena employees beginning in February, due to closure of a polypropylene facility.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.15.11|

Chevron Phillips gives Pasadena workers the pink slips. Pennsylvanians are still mixed about natural gas drilling. And Exxon predicts that U.S. oil imports might have peaked.  More »
Aerial view shows  the petrochemical refinery complex in Deer Park. (AP Photo/David J. Phillip)

Chevron Phillips to expand chemical facilities on Gulf Coast

The petrochemical company announced that it will construct an ethane cracker in Baytown and two polyethylene plants  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)

Brazil prosecutors seek $10.7B from Chevron, Transocean

Chevron Corp. and Transocean Ltd. were asked by a Brazilian federal prosecutor to suspend all activity in Brazil and pay $10.7 billion in damages after an oil spill last month.  More »
(AP Photo/LM Otero)

Green-energy officials tell senators to extend tax credits

Members of alternative-energy industries pressed senators on Wednesday not to let their tax credits expire and instead implement a multi-year extension, fearing their industries would suffer and future rollouts in cleaner energy would slow.  More »
The Chevron Genesis platform in the Gulf of Mexico (Mary Altaffer/AP)

U.S. gets $337 million in high bids for oil leases in Gulf

The U.S. received $337 million in high bids for the first sale of leases for oil production in the Gulf of Mexico since BP Plc (BP/)’s oil spill last year, Interior Secretary Ken Salazar said.  More »