Fuel Fix

Sunoco's Philadelphia refinery is on the banks of the Schuylkill River. The company plans to pull out of the refining business altogether, which could help put the Northeast region in a precarious position. Photo: MIKE MERGEN / HC

Gulf Coast working to fill a fuel void in Northeast

Northeastern states are slated to lose half of their regional capacity for fuel production by midyear as financial woes push refineries there to idle, a trend likely to increase the region’s dependency on Gulf Coast supply.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |01.09.12|

Fight against the EPA heads to the Supreme Court. Keppel scoops up $150 million U.S. rig deal. Gulf Coast working to fill the void in the Northeast.  More »
(Image: Fotolia)

Chavez says Venezuela may pull out of world arbitration body amid Exxon Mobil, other claims

Venezuelan President Hugo Chavez said Sunday that his government should pull out of a World Bank-affiliated arbitration body and won’t recognize its decisions.  More »

Exxon, government settle dispute over Gulf leases

Exxon Mobil and Statoil reached a deal with the federal government that will let the companies continue developing a potentially lucrative oil discovery in the Gulf of Mexico.  More »
Fire boat response crews battle the blazing remnants of the Deepwater Horizon rig in the Gulf of Mexico in April 2010.  (Photo: HO/AFP/Getty Images)

Three firms appeal citations alleging Gulf spill safety violations

BP, Transocean and Halliburton will appeal Interior Department allegations of safety violations relating to the Deepwater Horizon disaster.  More »
An oil worker makes adjustments to increase a well's production. (AP Photo/Hasan Jamali)

Oil declines as European outlook overshadows Iranian tension

The weaker euro is making people nervous and leading the market lower,” said Tom Bentz, a director with BNP Paribas Prime Brokerage.  More »
Demonstrators for and against the Keystone XL pipeline gather in Lincoln, Neb., before a public hearing on the project. (AP Photo/Nati Harnik)

Top GOP lawmaker ups call for Keystone XL’s approval after upbeat jobs report

GOP Rep. Fred Upton, chair of the House Energy and Commerce Committee, says the Obama administration should approve the controversial Keystone XL oil pipeline following stronger job creation in December.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron’s bid to block Ecuadorean asset collection denied

Chevron Corp.’s bid to protect its assets that could be seized as part of an $18 billion environmental damages verdict against the company in Ecuador was denied by a U.S. judge, who said the request could be renewed at a later date.  More »
Pittsburgh Steelers running back Jerome  Bettis leaves the field with the game ball after rushing for three touchdowns in a 35-21 win over the  Detroit Lions. (AP Photo/Gene J. Puskar)

Jerome Bettis stars in new EPA ad

Jerome Bettis, the iconic Pittsburgh Steelers running back affectionately known as “The Bus,” is starring in a new Environmental Protection Agency ad touting the need for new regulations to limit pollution from power plants, POLITICO reported.  More »
(Image: Fotolia)

Cheniere reports early repayment of $298 million loan

Cheniere Energy Inc., the liquefied natural-gas importer proposing to build two U.S. export plants, repaid the $298 million principal balance on a term loan due in May.  More »
Chesapeake Energy rig catches fire in Oklahoma. (Photo: YouTube)

Oklahoma natural gas drilling rig catches fire

A Chesapeake Energy drilling rig caught fire and burned to the ground Thursday night outside of Sweetwater, Oklahoma, according to an online oil field drilling forum.  More »
(Photo: Kevinkarnsfamily, Flickr)

Want to save money? Don’t change your oil so often

The 3,000 mile per oil change mantra might have been true in the good ol’ days, but it doesn’t seem to ring as true anymore.  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)

Asian economies look to keep Iranian oil flowing

China, the biggest buyer of Iran’s oil, has publicly rejected U.S. sanctions aimed at Tehran’s energy industry while American allies Japan and South Korea are scrambling to find a compromise to keep critical supplies flowing.  More »
(AP Photo/Keith Srakocic)

As natural gas prices fall, shale drilling loses some luster

Shale drilling has, in some ways, become a victim of its own success. With natural gas now selling for less than $3 per million British thermal units, shale drillers have been looking for foreign investments and other tactics to keep drilling programs going. But at these prices, the more gas they produce only feeds the glut in the marketplace.  More »
Demonstrators for the Keystone XL pipeline, right, and a demonstrator against the pipeline meet outside Pershing Auditorium near the state Capitol in Lincoln, Neb. before a hearing on the pipeline. (AP Photo/Nati Harnik)

Pipeline inspector says President should say no to Keystone XL pipeline

A former pipeline inspector said the government should not approve the controversial Keystone XL pipeline because of shoddy work by the company has plagued TransCanada’s first Keystone pipeline.  More »