Fuel Fix

Exxon selling Japanese subsidiary in $3.9B deal

Exxon Mobil Corp. is selling its Japanese refining and marketing business to partner TonenGeneral Sekiyu K.K. in a deal valued at $3.9 billion.  More »
The Douglas Channel, the proposed termination point for an oil pipeline in the Enbridge Northern Gateway Project at Kitamaat, British Columbia, Canada. Rio Tinto Alcans smelter is at left and the town of Kitamaat at upper right. The fear of oil spills is especially acute in this pristine corner of northwest British Columbia, with its snowcapped mountains and deep ocean inlets. People here still remember the Exxon Valdez oil spill of 1989, and oil is still leaking from the Queen of the North, a ferry that sank off nearby Hartley Bay six years ago. (AP Photo/The Canadian Press, Darryl Dyck)

Thwarted on US oil pipeline, Canada looks to China

The latest chapter in Canada’s quest to become a full-blown oil superpower unfolded this month in a village gym on the British Columbia coast.  More »
Oil gushes from BP's Macondo well in the Gulf of Mexico on July 12, 2010. (AP Photo/BP)

BP emails reveal company veiling spill rate

On the day the Deepwater Horizon sank in the Gulf of Mexico, BP officials warned in an internal email conversation that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a rate of 3.4 million gallons a day, an amount a million gallons higher than what the U.S. government ultimately estimated spilled daily from the site.  More »
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Oil price wavers on Persian Gulf supply concerns

Iranian leaders are scheduled to debate the ban Sunday in response to EU plans to embargo Iran’s oil by summer because of that country’s nuclear program. Investors  More »
A drilling rig in Pavillion, Wyo., used to drill a deep water well for testing. (Photo: EPA).

House panel to quiz EPA research chief on Pavillion fracturing study

A top Environmental Protection Agency official is among those who will appear before a House panel next week regarding the agency’s controversial study suggesting a possible link between hydraulic fracturing and groundwater contamination in Pavillion, Wyo.  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)

Oil markets could withstand Iran attack shock

More than 70 percent of investors say an attack on Iran’s nuclear facilities would create only a short-term disruption in oil markets, according to a quarterly Bloomberg Global Poll.  More »
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

US Embassy: US citizen kidnapped in Nigeria freed

A U.S. citizen kidnapped by gunmen in Nigeria’s oil-rich southern delta has been freed after a week in captivity, the U.S. Embassy said Friday.  More »
Picture of a road stretching off into the distance

Republicans seek more drilling to pay for highway bill

House Republicans next week will push a bill that would extend highway and mass-transit programs for five years and expand oil-and-gas drilling to cover some of the costs.  More »
An engineer walks past heat exchangers at the Bryan Mound Strategic Petroleum  Reserve site near Freeport, Texas. (Photo:Sharon Steinmann/Houston Chronicle)

CH2MHill brings new global energy group to Houston

CH2MHill, a giant engineering company, will move its new global energy group to Houston, in exchange for an estimated tax break of $160,000 and a $2.5 million grant from the Texas Enterprise Fund.  More »
(Photo: Flickr, Caston_Corporate)

Eastman Chemical buying Solutia for about $3.38B

Specialty chemical company Eastman Chemical Co. is buying Solutia Inc. in a cash-and-stock deal valued at about $3.38 billion to broaden its presence in the Asia Pacific region and other emerging markets while expanding its product offerings.  More »
Protestors scale a shale gas rig at Banks, near Southport, England bringing a halt to work at the Cuadrilla Resources site Wednesday  Nov. 2 , 2011.  Cuadrilla Resources, which is drilling for gas in northwestern England, said Wednesday that independent experts concluded that the tremors were due to an unusual combination of geology and operations, and were unlikely to happen again. The company said local geology would limit any future seismic events to around magnitude 3 on the Richter scale. The tremor on April 1 measured 2.3 on the Richter scale.  Local campaigners have mounted a "Frack Off" campaign to oppose the drilling technique that cracks open rock layers to free natural gas.  (AP Photo/Peter Byrne/PA)

EU has adequate rules on shale gas exploration, study shows

The European Union has adequate legislation to protect the environment as companies explore for shale gas in several member states, a study commissioned by the EU regulatory arm showed.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron 4Q profit falls 3 pct on refinery decline

Chevron says its net income slipped 3.2 percent in the fourth quarter as its refineries struggled to pass on the higher cost of crude oil.  More »
(Photo: Marcellus Protest/Flickr)

Oil, gas industry opposes use of word ‘fracking’ for method

A different kind of F-word is stirring a linguistic and political debate as controversial as what it defines.  More »
President Barack Obama (AP file)

Steffy: President needs a dose of energy reality

President Barack Obama, in his State of the Union speech, called for an “all-of-the-above” strategy to develop energy that’s “cleaner, cheaper and full of new jobs.”  More »
The Chevron Genesis in the Gulf of Mexico. (AP Photo/Mary Altaffer)

Shell president says federal permitting may have turned the corner

Shell Oil president Marvin Odum said he believes the pace of federal permitting for deep-water oil and natural gas drilling “may have turned a corner,” according to The New Orleans Times-Picayune.  More »