News from the Houston Chronicle energy team
Valero's refinery in Texas City (Sharon Steinmann/Houston Chronicle file photo)

BP, Valero restart Texas City refineries after power problems

Drought-related power problems from earlier this week have subsided, allowing the large refineries to resume operations.  More »
Baker Hughes Chairman Chad Deaton will retire in April (AP file photo/David J. Phillip)

Baker Hughes announces CEO succession plan

Martin Craighead will take over for CEO Chad Deaton on Jan. 1 at the third largest oil field services firm.  More »
A crew with Loadcraft Industries, of Brady, Texas, lowers a piece on a drilling rig that weighs about 120,000 pounds as exhibitors set up their displays on Friday, April 29, 2011 for the Offshore Technology Conference at Reliant Park in Houston. (Photo: Karen Warren/Houston Chronicle)

OTC 2011: Yes, roughnecks do tweet

Be sure to follow our coverage of the Offshore Technology Conference when it touches down in Houston May 2 through 5. We’ll be tweeting using the #OTCHouston hashtag.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |04.29.11|

Weather gets us to $4 gasoline. Profits = pressure. Industry backs EPA diesel/frac stance?  More »
The Houston team at energy investment bank/research firm Tudor Pickering Holt & Co. (Photo: TPH)

‘Buffett’s favorite banker,’ ex-Murphy CEO invest in Tudor Pickering Holt

BDT Capital Partners and former Murphy CEO Claiborne Deming have put $110 million into Houston’s Tudor Pickering Holt.  More »
(Image: Fotolia)

Angry about gasoline prices? Blame Mother Nature

Prices may continue to rally on the Texas City refinery outages and other weather-related supply problems throughout the country.  More »
A worker with TNMP sprays down electrical insulators on power lines along Highway 197, Tuesday, April 26, 2011, in Texas City. (Michael Paulsen/Houston Chronicle)

Texas City power fix could take weeks *update*

There were no new power problems in Texas City in the past day, but the full restoration of power to refineries like BP’s could take another day.  More »
A billboard along Loop 610 near Reliant Stadium is promoting T-3's new shear rams for blowout preventers, which will be unveiled at the Offshore Technology Conference in Houston the week of May 2, 2011 (Photo: Deborah McDonald/T3)

Gulf oil spill will loom large over Offshore Technology Conference

The Macondo blowout prompted the energy industry to make changes to existing products or create new ones to incorporate lessons learned from the accident. Many of the new developments will be on display Offshore Technology Conference in Houston next week.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache posts 56 percent jump in quarterly profit

The Houston independent oil and gas firm attributed the performance to higher oil prices and a 25 percent surge in production after a spree of acquisitions in 2010.  More »
Exxon Mobil's refinery along the Ship Channel in Baytown (Houston Chronicle file photo)

ExxonMobil profits soar 69 percent in first quarter

The quarterly earnings were the company’s best since it reported $14.8 billion in profits in the third quarter of 2008, when oil prices spiked to a record $147 a barrel.  More »
Pumping gas is getting more expensive in Texas. (AP Photo)

Houston pump prices continue climb toward $4

Gasoline prices continue their climb toward $4 in Houston this week, as prices are up another 4 cents.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |04.28.11|

Oil profits aplenty. No foul play behind Texas blackouts. Still dim in Texas City.  More »