Fuel Fix

(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 »
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 »