News from the Houston Chronicle energy team

Some say Enron deserves brighter legacy

The name Enron has become shorthand for many things in the 10 years since the company went bankrupt, few of them positive.  More »
Shell Oil Co. Logo

Shell renews downtown lease

Shell has renewed its downtown lease, marking what real estate firms say is the largest lease transaction so far in 2011.  More »
chicken copy

Iran playing chicken with West on crude oil price

As tensions continue to rise between Iran and western countries, the Iranian spokesman warned that crude oil prices could double if an oil embargo is imposed on the country.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.05.11|

Is big oil heading back to the U.S.? Fuel exports are up and gas prices are rising too. What would an Iran oil embargo do?  More »
A unicyclist rides pass a gasoline pricing sign in Portland, Ore. (AP Photo/Rick Bowmer)

Fuel exports up, and so is the cost at the pump

Faced with sluggish sales at home, American refineries are shipping their gasoline, diesel and other petroleum products abroad in record amounts, turning the country into a net exporter of fuel.  More »
(Photo: Brian Turner/Flickr)

Valero sues insurer for rejecting costs of gasoline pollution complaints

Valero says Steadfast Insurance should have covered the refiner’s $45 million in legal costs related to complaints that a gasoline additive polluted groundwater.  More »
OLD DO NOT USE  Jim Mulva, CEO of ConocoPhillips, talks with reporters in Houston. (Photo: Melissa Phillip, Houston Chronicle)

ConocoPhillips to increase capital spending to $15.5 billion in 2012

In addition to increasing its capital spending, ConocoPhillips announced Friday that it will repurchase up to $10 billion in common stock, funded by its ongoing asset sales.  More »
Workers install equipment at a natural gas plant in the Mont Belvieu, Texas complex, May 1, 2007. (Brett Coomer/Chronicle)

Natural gas pipeline company Targa Resources announces leadership changes

CEO Rene R. Joyce will take over chairmanship of the boards of directors for the Houston-based company and Targa Resources Partners’ general partner. Targa President Joe Bob Perkins will succeed him as CEO.  More »
Grem (voice by Joe Mantegna), Acer (voice by Peter Jacobson), Siddeley (voice by Jason Isaacs), Lightning McQueen (voice by Owen Wilson), Mater (voice by Larry the Cable Guy), Finn McMissile (voice by Sir Michael Caine).

Disney, Canadian oil company to square off?

Pixar plans to get into the oil sands and carbonate bitumen business next year after spinning off from its parent company.  More »

84 percent of workers are searching for a new job

A new survey by Right Management, a consulting firm, found that 84 percent of employees are planning to search for a new job in 2012. Only 5 percent of workers are happy in their current position, according to the poll.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Exxon sells 84 gas stations in Houston

Exxon sold 84 gas stations in Houston yesterday to a local company, forcing the stations to temporarily close as the new owner took over, according to a KPRC Local 2 story.  More »
A newspaper vendor holds up a paper with a banner headline outside the federal courthouse after Enron founder Ken Lay and former CEO Jeff Skilling were convicted in Houston May 25, 2006. REUTERS/Tim Johnson

Enron’s fall foreshadowed 2008 crash

The collapse of Enron was a closely watched and thoroughly documented corporate event, a slow-motion cataclysm chronicled in thousands of articles, dozens of case studies, movies and even a play.  More »