EnergyWatch

News from the Houston Chronicle energy team
(AP Photo/Seth Perlman)

Gasoline prices unlikely to drop to $3, ConocoPhillips CEO says

A drop that low would mean a significant retreat in crude oil prices, which consumers may welcome but would likely be a sign that demand was declining and the economy reentering a recession, CEO Jim Mulva told shareholders in Houston today.  More »
A BP Alaska executive stands in front of a 3D computer rendering of the Liberty oil field on Alaska's North Slope (AP Photo/ Al Grillo)

2010 a good year for white collar energy workers, says salary survey

Reservoir engineers saw salaries rise 20 percent in 2010 as higher oil prices and the onshore drilling boom drove demand for skilled E&P workers, according to a survey by Denver’s CSI Recruiting. The survey compares average salaries in Houston, Dallas, Denver and other regions.  More »

Conoco exec: Ending tax breaks for oil majors won’t help consumers

“We think there’s a real mischaracterization of the whole debate,” ConocoPhillips’ Chief Financial Officer Jeff Sheets told reporters this morning before the Houston oil company’s annual shareholder meeting.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |05.11.11|

Judge tells feds to act. Docs tell Barton he’s wrong. Dems say tax break savings will go to deficit.  More »
A sign displayed outside the ConocoPhillips corporate headquarters  in Houston (AP file photo/Pat Sullivan)

Conoco’s Sweeny refinery flares following power outage

A temporary power outage Tuesday knocked some units offline at Brazoria County refinery.  More »
Enterprise Products Mont Belvieu complex (Dave Rossman/For the Houston Chronicle)

A different natural gas ‘frac’ trend is on the rise for the Gulf Coast

Fractionation — the processing of natural gas so it’s fit for pipeline transport — is about to expand significantly, particularly on the Gulf Coast, as natural gas production continues to increase.  More »
A CPS solar farm in Texas (Photo: Jerry Lara/San Antonio Express-News)

Solar energy has huge potential in Texas, group says

Texas, endowed with the richest solar resources in the nation, ranks first among states in solar resource potential and should do more to capitalize on the bounty, says Solar Power International.  More »
(Photo: Drew from Zhrodague/Flickr)

Ethanol mess with your car’s engine? You may be on your own

Engine problems caused by the higher blends of ethanol in fuels may not be covered by some vehicle warranties, according to a survey done by an environmental advocacy group.  More »
(Victor Dubreuil)

Energy execs among the ranks of well-paid CEOs

Oxy’s Ray Irani makes the Top 50 list at No. 2. Find out where the leaders of Exxon, Apache, Chesapeake and others landed.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |05.10.11|

So much for falling pump prices. Gas but no frac fluids in well water. Pay is great for oil execs.  More »
(AP file photo/Keith Srakocic)

Study finds gas in N.Y., Pennsylvania water wells, but no frac fluids

Scientists from Duke University have made a link between natural gas drilling and drinking water contamination in parts of New York and Pennsylvania. What they didn’t find, however, were chemicals related to hydraulic fracturing.  More »
A car is partially submerged in floodwater at a junk yard Monday, May 9, 2011, in Memphis, Tenn. (AP Photo/Jeff Roberson)

Crude’s climb tied to Mississippi River flooding

After plummeting last week, oil prices jumped today on fears that potential flooding of the Mississippi River could shut oil refineries in south Louisiana — a notion one analyst characterized as “bizarre.”  More »