NY natural gas futures climb on late winter cold spell
Natural gas futures advanced in New York, heading for a third consecutive weekly gain, on speculation that the late winter Eastern U.S. cold snap will help burn off excess fuel. More »
Opinion: GM chief gets it right on U.S. energy policy
The Houston Chronicle editorial board applauds General Motors chief Dan Akerson for taking a strong stance on pro-growth energy policy. More »
BP warns investor it’s paying more than expected for spill
BP says claims paid so far under a settlement with Gulf Coast businesses and residents have been higher than expected. More »
RIP Hugo Chávez but How About Chavismo?
Venezuela’s Hugo Chávez has passed away after a very public illness, evoking sympathy by all those in the world admiring his firebrand rhetoric against the devil incarnate himself, the United States (Chávez own preferred allegory.) The most prominent will be Iran’s Mahmoud Ahmadinejad who will fly to Venezuela to pay his respects to his “hermano”. More »
Steffy: BP CEO overlooks a lesson lost
Almost three years after the Deepwater Horizon came to define it, BP wants to tell a different story. More »
Exxon decades away from making fuel from algae
Exxon Mobil Corp. (XOM)’s $600 million foray into creating motor fuels from algae may not succeed for at least another 25 years because of technical hurdles, said Chairman and Chief Executive Officer Rex Tillerson. More »
Chesapeake Energy says Raspino to replace Hargis on board
Chesapeake Energy Corp., the natural gas producer that announced the dismissal of co-founder Aubrey McClendon five weeks ago, said former Pride International Inc. CEO Louis Raspino has joined the board. More »
After repair, Motiva reaches capacity
The expanded Motiva Port Arthur Refinery has reached its full operating capacity of 600,000 barrels of crude processing nearly eight months after a new unit suffered internal damage, causing a major disruption in the $10 billion expansion project. More »
Motiva Port Arthur Refinery running at full capacity
The expanded Motiva Port Arthur Refinery has reached its full operating capacity of 600,000 barrels of crude processing nearly eight months after a new unit suffered internal damage, causing a major disruption in the $10 billion expansion project.
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Exxon Mobil predicts lower production this year
Exxon Mobil’s production fell 6 percent last year, but the company still earned $44.9 billion. More »
GM CEO wants government to back nat gas refueling stations
Clearly, the government has the power to get the country over the hump on natural gas vehicle demand. The question is whether the public will tolerate more government intervention that benefits the automakers. More »
BP chief: Law and facts on ‘our side’ in Gulf oil spill trial
BP CEO Bob Dudley’s comments at CERAWeek suggest the company has no immediate expectations of a settlement in an ongoing trial over the 2010 Gulf of Mexico oil spill. More »
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