Category: Politics/Policy

Chesapeake to sell gas pipelines to affiliate for $865 million

Chesapeake Energy Corp., the most active U.S. oil and natural-gas driller, agreed to sell a pipeline subsidiary to an affiliated partnership for $865 million.  More »

Iran may hurt self most by closing Strait of Hormuz

It would be relatively easy for Iran to make good on its threat to close the strategic waterway that carries oil tankers from the Persian Gulf — and it would probably hurt itself most by taking such action.  More »

BP’s top U.S. officer is called to testify at Gulf oil-spill trial

BP Plc’s highest-ranking U.S. executive, BP America Inc. Chairman and President Lamar McKay, was subpoenaed to testify at the February trial that will determine liability for the 2010 Gulf of Mexico oil spill.  More »

Exxon Mobil deal hikes tension in northern Iraq

An oil exploration deal between U.S. oil giant Exxon Mobil and Iraq’s autonomous Kurdish region is fueling political tensions in a country where a post-U.S.-troop withdrawal spike in violence and political turmoil is clouding the climate for foreign investments sorely needed by Iraq.  More »

Shale spurs U.S. states to vie for chemical projects

A surge in U.S. natural-gas production from shale rock is spurring states to compete for companies to produce chemicals from the fuel, the Wall Street Journal reported.  More »

Official: Gulf states ready to offset Iran oil

Gulf Arab nations are prepared to offset any potential loss of Iranian oil in the world market, a senior Saudi oil official said as Iranian officials stepped up their rhetoric today about shutting off a key supply route.  More »

Solyndra: Examining the allegations

The solar startup based in Fremont shook Silicon Valley and Washington on Aug. 31 when it fired most of its staff and closed the gleaming new factory it had built with a $528 million federal loan.  More »

EPA rules could upset the balance of power

New environmental regulations, coming amid warnings that Texas might not meet its electricity needs next summer, could set up a legal dilemma for regulators, grid operators and generators.  More »

Popemobile goes green

Pope Benedict XVI’s popemobile may be getting an ecological upgrade.  More »

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 »

Jerome Bettis films EPA ad about new regulations

The Bus is jumping on the EPA bandwagon.  More »

Texas rejects Valero tax break bid

The Texas environmental agency has rejected a request by oil giant Valero for a large tax break and potential $92 million refund at six refineries that installed equipment designed to remove sulfur dioxide from crude oil.  More »