Fuel Fix

This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Chevron, Transocean execs face charges on Brazil leak

Chevron, the operator of the Brazilian offshore well that triggered oil leaks, said it will “vigorously defend” executives threatened with criminal indictments in the South American nation.  More »
A Libyan man works at a refinery inside the Brega oil complex on Saturday Feb. 26, 2011.  (AP Photo/Hussein Malla)

Kazakhstan oil-halt threat similar to Libya for JBC Energy

A halt to oil production in Kazakhstan, where riots left at least 14 people dead over the weekend, would have a similar impact on crude prices as the conflict in Libya, according to researchers at JBC Energy GmbH and Global Risk Management.  More »
(AP file photo/Sue Ogrocki)

Valero tax break rejection a ‘gift’ for schools

Texas environmental regulators have rejected Valero Energy Corp.’s request for a tax break that cities, counties and school districts feared would lead to devastating cuts to their budgets.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.22.11|

Betting on BP’s bankruptcy? Put your money on it. Chevron faces indictments over offshore leaks. Are electric cars losing their spark?  More »
Oil is seen on the creek water's surface near an illegal oil refinery in Ogoniland, outside Port Harcourt, in Nigeria's Delta region. A region of Nigeria's oil-rich southern delta suffers widespread ecological damage as spilled oil seeps into its drinking water, destroys plants and remains in the ground for decades at a time, according to a UN report. (AP Photo / Sunday Alamba)

Shell oil spill off Nigeria likely worst in decade

An oil spill near the coast of Nigeria is likely the worst to hit those waters in a decade, a government official said today, as slicks from the Royal Dutch Shell PLC spill approached the southern shoreline.  More »
Children play in a river where oil pipes run above the surface in Ecuador's Sucumbios province. (AP file photo/Dolores Ochoa)

Chevron calls for investigation of Ecuador ruling

Chevron Corp. urged Ecuador’s authorities to investigate the conduct of plaintiffs’ lawyers and a judge who handed down an $18 billion decision in an oil pollution case.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

Spectra, Chesapeake, AEP plan pipeline from Utica shale

Spectra Energy Corp. plans to spend about $500 million in Ohio to expand shipping capacity on its Texas Eastern pipeline system to handle rising natural-gas production from the Utica and Marcellus shale formations.  More »
(Photo: Fotolia)

Oil rising amid signs US crude demand improving

Oil prices rose above $99 a barrel today in Asia as signs of improving U.S. crude demand were offset by ongoing concerns about Europe’s debt crisis.  More »

Phillips 66 leadership team announced

ConocoPhillips has named three new executives for the refining, pipeline and chemical company it will spin off next year.  More »
The Wolf Hollow plant will join Exelon's ExTex LaPorte Generating Station in La Porte, shown here, as part of the company's Texas operations. (Photo: Exelon)

DOJ approves Exelon deal, with conditions

The Justice Department has cleared the way for Exelon Corp.’s $7.9 billion purchase of Constellation Energy Group, Inc. to go forward, but said the companies must agree to sell three Maryland power plants first.  More »
Steam rises from stacks at the ConocoPhillips refinery  in Rodeo, Calif. (Justin Sullivan/Getty Images)

EPA tells nation’s dirty power plants to clean up

The EPA unveiled the first-ever national standards for toxic emissions from power plants, in rules that undoubtedly will affect the electric power picture in Texas.  More »
Drivers test out the Nissan Leaf electric car at the 2010 Los Angeles Auto Show (AP file photo/Damian Dovarganes)

Nissan says Leaf could power home for two days

The car company said the Nissan Leaf could power an owner’s home for up to two days, helping owners avoid blackouts or high electricity bills, according to a Metro news report.  More »