Fuel Fix

Fatal explosion came during maintenance work

(Dado Galdieri/Bloomberg)
The fatal explosion came nearly six months after federal drilling regulators warned that the facility had failed to maintain all equipment in a safe condition so as to ensure the protection of the lease and associated facilities. More »
Iran's Minister of Petroleum Bijan Namdar Zangeneh (AP Photo/Hans Punz)

Iran may propose million-barrel daily OPEC cut in Saudi talks

Bijan Namdar Zanganeh and Saudi Arabia’s Oil Minister Ali Al-Naimi will talk on the sidelines of the OPEC meeting in Vienna.  More »
(AP Photo/Bela Szandelszky, File)

Russia considers joining OPEC oil output cuts in 2015

The world’s biggest crude oil producer may agree to reduce output by 15 million tons in return for tens of millions in OPEC reductions.  More »
Henrik Madsen says crude oil is more valuable as a chemical feedstock and eventually will lose its place as the leading transportation fuel.( Mayra Beltran / Houston Chronicle )

Q&A: Oil eventually will lose its place as leading auto fuel

Henrik Madsen, the CEO of Norway’s international shipping and oil field equipment classifier DNV GL, says oil’s best value is as a chemical feedstock, and that eventually natural gas will replace it as a motor fuel.  More »

(AP Photo/Susan Walsh)

Obama’s punt on renewable fuel sets up fights in court, congress

The delay, announced Friday by the U.S. Environmental Protection Agency, follows months of fighting between refiners and ethanol producers over a proposal by the agency to lower the quotas for ethanol, biodiesel and cellulosic fuels.  More »
The McClintock No. 1, drilled in 1861, is the world's oldest continuously producing oil well. It still produces about 1/10 of a barrel a day, tucked away behind a propane storage yard about 70 miles north of Pittsburgh. (Photographer: Lynn Doan/Bloomberg)

This 153-Year-Old oil well produces nonstop, in boom or bust

McClintock No. 1, the world’s oldest continually producing oil well, is still going after 153 years.  More »
(Image: Fotolia)

Oil rises again on Chinese interest rates

WTI for January delivery advanced 66 cents to settle at $76.51 a barrel on the New York Mercantile Exchange  More »
Texas Schools-Business

Texas auditor criticizes school program partnering with energy projects

State auditor John Keel said districts are giving away more than $200 million a year in property tax breaks without confirming if the businesses are creating the pledged jobs.  More »
Food and Farm Sorghum Ethanol.JPEG-043fc

Jury orders Irish man to pay $2M over ethanol deal

Jurors are ordering a wealthy Irish investor to pay $2 million in damages to an Iowa doctor in a dispute over an ethanol development in eastern Europe.  More »
(AP Photo/Pat Sullivan)

Navitas Midstream to build Eagle Ford gathering line, processing plant

The project will be the first that the compan will undertake after receiving $500 million in capital from New York private equity firm Warburg Pincus.  More »
(Bill Montgomery/Houston Chronicle)

Phillips 66 Partners teams up to move Bakken crude

The joint ventures will support the construction of a pipeline and rail terminal aimed at providing long-term and cheaper options to transport crude from a region that produces 1.2 million barrels per day of oil.  More »
NRG Energy's W.A. Parish plant. (photo/Ryan Holeywell)

NRG says it will cut carbon emissions 50 percent by 2030

Officials at NRG Energy Inc. say the power company will reduce its carbon emissions by 50 percent of current levels by 2030.  More »
(Lisa Krantz/San Antonio Express-News)

EPA delays decision on ethanol in gas

Last year the Environmental Protection Agency proposed to reduce the amount of ethanol in fuel for the first time.  More »
Iran's Minister of Petroleum Bijan Namdar Zangeneh (center) speaks to journalists prior to the start of a meeting OPEC in 2013. (AP Photo/Ronald Zak)

Iran vows to guard oil-market share as OPEC to review output

Iran’s crude output has languished under international economic sanctions that deter foreign energy investors and limit its exports to approximately 1 million barrels a day.  More »
(AFP PHOTO / ALEXANDER KLEINALEXANDER KLEIN/AFP/GettyImages)

Confused OPEC watchers are more divided than ever

To understand just how contentious next week’s OPEC meeting will be, take a look at the confusion it’s created among professionals paid to predict the outcome.  More »
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