Fuel Fix

Key testimony in BP oil spill ruling wasn’t excluded, DOJ says

U.S. District Judge Carl Barbier ruled Sept. 4 that BP acted recklessly and bears most of the responsibility for the 2010 oil spill. The ruling exposes BP to about $18 million in civil fines under the Clean Water Act. (AP Photo/Gerald Herbert, File)
That evidence played prominently in the judge’s finding that BP, owner of the Macondo well, was grossly negligent, a ruling that raises the stakes for the oil major More »
Emilio Lozoya Austin, chief executive officer of Petroleos Mexicanos (Pemex), pauses during a session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 24, 2014. (Chris Ratcliffe/Bloomberg)

Pemex loss widens as private investment nears

Falling oil prices and declining production drove the loss, executives told investors on a Friday conference call.  More »
Express Energy Services CEO Darron Anderson is pictured in front of the Spire Rig #1, a drilling rig at the Express University facility in Houston.

Apollo buys Houston oil field firm

Apollo Global Management is diving deeper into U.S. shale oil and gas with the purchase of one of the largest private companies in Houston.  More »
A worker walks through Lyondell Chemical's complex  in Channelview, Texas. (AP fiel photo/David J. Phillip)

LyondellBasell profits climb 48 percent

The international chemical giant continued to capitalize on cheap raw materials cost while taking advantage of a tight U.S. market for ethylene.  More »
(Scott Dalton/Bloomberg)

Regulators: Constitution pipeline’s environmental impact not significant

Regulators have concluded that the Constitution pipeline and related Wright Interconnect Project would have a less-than-significant impact on the environment in a final analysis released today.  More »
The Freeport LNG plant on April 9, 2014 at Quintana, TX.(Thomas B. Shea/for the Houston Chronicle)

Contractor: Freeport LNG to break ground within weeks

Freeport LNG could break ground on its initial two liquefaction trains within a matter of weeks, a major contractor working on the project told investors Thursday.  More »
CB&I_Philip_Asherman

CB&I third quarter profits up 37.5 percent

CB&I, the engineering and construction firm focused on energy infrastructure, reported a 37.5 percent percent increase in third quarter earnings as it continued benefit from the development of major oil, gas and petrochemical projects in North America.  More »
Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi. (AFP PHOTO)

Don’t assume Saudi crude drop was move to bolster prices

Brent crude jumped yesterday after a person familiar with the country’s oil policies said the amount it supplied to markets fell in September by 328,000 barrels a day.  More »
NATURAL GAS

Cabot’s profits soar 44 percent on climbing production

The Houston energy producer posted record high production thanks largely to its footprint in the Marcellus Shale and Eagle Ford Shale.  More »
Ocean_wave

Getting new oil means fathoming the deep

Finding the oil is just the beginning, especially in the depths of the sea.  More »
Angela Merkel

EU reaches deal to cut greenhouse gas emissions

The decision makes the EU the first major economy to set post-2020 emissions targets ahead of a global climate pact that is supposed to be adopted next year in Paris.  More »
edf_methaine1034

Environmental group urges Texas regulators to tackle methane

The Environmental Defense Fund says some major oil companies are taking steps to reduce leaks of the greenhouse gas methane, the main component of natural gas, but that hundreds of smaller companies aren’t.  More »
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