Fuel Fix

ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon and Rosneft to team up on oil projects

Exxon is teaming up with Russian oil giant Rosneft to develop oil and natural gas fields in Russia and North America.  More »
People fill the tanks of their vehicules at an YPF station in Buenos Aires, Argentina,  Thursday, April 12, 2012. Spanish Industry Minister Jose Manuel Soria  has warned that the government will interpret any "hostile gestures" against Spanish companies abroad as an act of aggression, in an apparent reference to a conflict with Argentina over an oil company controlled by Spain's Repsol. YPF,  which is 57 per cent owned by Repsol,  has rejected Argentine government pressure to plough some of its profits back into the South American country.(AP Photo/Natacha Pisarenko)

Argentina will seize 51% of YPF under Fernandez proposal

Argentina said it plans to seize 51 percent of YPF SA, the country’s largest oil producer, to stem an increase in fuel imports and increase control over the nation’s oil reserves. The stock plunged.  More »
The liquefied natural gas tanker Inigo Tapias makes its way through Boston Harbor past downtown Boston on Jan. 24, 2004. (AP Photo/Michael Dwyer)

Environmentalists challenge natural gas export plans

Environmentalists just filed a legal challenge to Freeport LNG’s bid to export natural gas from a facility in Texas — the latest attempt to undercut a push by more than a half dozen companies to send the fossil fuel overseas.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

LNG spot cargo trading to decline over next 3 years, BP Says

BP Plc (BP/) said trading of liquefied natural gas cargoes on the spot market will decline over the next three years.  More »
California Plug In

Pilot program would ensure grid reliability, EV charging

IBM, Honda and PG&E are working on a pilot program aimed at seamless charging of electric cars while still ensuring the reliability of the power grid.  More »

Court decision could open big hole in state revenues

A state judge’s ruling to exempt oil and gas companies from paying sales taxes on extraction equipment could cost the state billion in revenue, according to media reports.  More »
(Photo: Cobalt)

Cobalt says no laws broken after report on Angolan partner

Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc. said it hasn’t broken any laws after the Financial Times reported Angolan officials own stakes in its local partner.  More »
Jeff Skilling, Daniel Petrocelli

Court rejects Skilling appeal again

The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.  More »
Traders work the crude oil options pit at the New York Mercantile Exchange in New York. (AP Photo/Mary Altaffer)

Steffy: Speculation is a two-way street

When gasoline prices are rising, as they have been recently, I often get asked by readers to write about speculation. Usually the request is that I “expose” how speculation is driving up prices.  More »
(Image: Fotolia)

Workers file suit over Memphis refinery explosion

An explosion that killed a worker at a Memphis oil refinery is the subject of a multimillion-dollar wrongful death and injury lawsuit.  More »
An insurance broker from London inspects the ENSCO 8505, as he evaluates its prospects in the underwriting market. The rig is designed to operate in up to 8,500 feet of water and will be put to work in the Gulf in June. Photo: Emily Pickrell / HC

Drillers find green in deep blue sea

As Ensco officials prepare to send their newest deep-water drilling rig to sea, they have reason to see great promise over the Gulf of Mexico’s blue-gray horizon.  More »
The Sauers family of Seabrook, Texas, leaves the showroom in an all-electric Nissan Leaf  on Tuesday, Jan. 25, 2011, in League City.  They are the first Leaf owners in Texas. (Photo: Melissa Phillip/Houston Chronicle )

Hybrid, electric cars see record sales

Americans are buying record numbers of hybrid and electric cars as gas prices climb and new models arrive in showrooms, giving the vehicles their greatest share yet of the U.S. auto market.  More »