Fuel Fix

This file picture from May 2005 shows the oil major Shell's oil and gas terminal on Bonny Island in southern Nigeria's Niger Delta. (Photo:Getty Images)

Nigerian fuel price strike may disrupt Shell’s oil production

Nigerian workers began a national strike after fuel costs more than doubled, threatening to shut ports and disrupt output from Royal Dutch Shell Plc (RDSA) and Chevron Corp. (CVX) in Africa’s largest crude producer.  More »
The Trans-Alaska pipeline (Photo: BP)

Ruling could loom large in oil tax debate

The trans-Alaska oil pipeline could have several years of life left or several decades, according to the political debate surrounding lowering production taxes on oil companies.  More »
Shell used the Noble Discoverer to explore in the Chukchi Sea in 2012. (Photo courtesy of Shell Oil Co.)

BP, Shell to partake in arctic drilling inquiry, Telegraph says

BP Plc, Royal Dutch Shell Plc and Cairn Energy Plc are among companies that may be asked to provide information on drilling in the Arctic to the U.K.’s Environmental Audit Committee later this year, the Sunday Telegraph reported, citing Committee Chairman Joan Walley.  More »
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Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

Hormuz bypass oil pipeline is delayed

A pipeline that would allow crude oil from the United Arab Emirates to bypass the Strait of Hormuz separating it from Iran has been delayed because of construction difficulties, two people with knowledge of the matter said.  More »
Welding crews lay pipelines in Texas to move oil and gas extracted from the Eagle Ford Shale to market. (John Davenport/San Antonio Express-News)

Shale bubble inflates on near-record prices

Surging prices for oil and gas shales, in at least one case rising 10-fold in five weeks, are raising concern of a bubble as valuations of drilling acreage approach the peak set before the collapse of Lehman Brothers Holdings Inc.  More »
(Brett Coomer/ Houston Chronicle file photo)

Amid BCS mania, BP pushes a feel-good Gulf story

Nearly 20 months after its massive Gulf of Mexico oil spill — and just as the nation focuses on New Orleans, host of the BCS title game — BP is pushing a slick nationwide public relations campaign to persuade Americans that the Gulf region has recovered.  More »
Craig Sautner, a resident of Dimock, P.A., holds a jug of his well water outside of The Forum in Binghamton, NY, on Monday, Sept. 13, 2010 during the final public meeting on the U.S. Environmental Protection Agencyís hydraulic fracturing study. Sautner lives 976-feet from a Cabot Oil natural gas drill. He was not allowed to take the receptacle into the meeting. (AP Photo/Press & Sun-Bulletin, Rebecca Catlett)

Federal agency cancels water delivery to Pa. town

The U.S. Environmental Protection Agency abruptly changed its mind Saturday about delivering fresh water to residents of a northeastern Pennsylvania village where residential wells were found to be tainted by a natural gas drilling operation.  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)

Saudi: ‘Internal’ matter if Japan buys Iran oil

A Saudi oil official said that whether Japan or other countries continue to buy Iranian oil was an “internal matter,” reflecting the unease in many nations after the latest U.S. sanctions on Tehran and Iran’s threats to choke off the Strait of Hormuz in response.  More »
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 »