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Valero may look to shed California refineries

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In last year’s third quarter conference call with analysts, Valero Chairman, President and CEO Bill Klesse said, “We’re looking at our options,” regarding the California refineries, but didn’t elaborate on what those options might be.
Categories: General, Refining
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Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes profits drop 60 percent – *Update

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Baker Hughes reported a 60 percent drop in third-quarter earnings Thursday, as business slowed and prices fell for pressure pumping services in North America.
(AP file photo/Grand Forks Herald, Eric Hylden)

TransCanada temporarily shuts Keystone pipeline

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The Pipeline and Hazardous Materials Safety Administration says TransCanada reported shutting down the approximately 2,100-mile pipeline, which moves about 500,000 barrels of crude a day from Alberta, Canada, to facilities in Illinois and Oklahoma.

Categories: General, Pipelines
(AP Photo/Seth Perlman)

Ethanol exports rise as U.S. hits blend wall

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Ethanol consumption in the United States stagnated last year, while exports nearly tripled from 2010 to 2011.
Categories: Biofuels
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Professor offers salt solution to fracturing problem

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Since hydraulic fracturing involves mixing salt with water, an academic asks, wouldn’t it work to start with saltwater and conserve fresh water?
A massive fire from a PG&E pipeline explosion roars through a mostly residential neighborhood in San Bruno, Calif. in Sept. 2010. (AP Photo/Paul Sakuma, File)

Sen. Mitchell appointment in Calif. blast opposed

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The California Public Utilities Commission announced Monday that Mitchell had been appointed to help energy regulators and Pacific Gas & Electric Co. reach a settlement over how much the utility should pay in connection with the San Bruno blast.
(Image: Fotolia)

2nd worker in Oklahoma refinery explosion dies

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CVR officials have said the explosion occurred as the boiler was being restarted following scheduled maintenance and upkeep, which resumed the following day.
Categories: General, Refining
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Josh Beckett sues pipeline builder over ocelot habitat

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A federal lawsuit filed Tuesday in Laredo by two of Beckett’s companies asks a judge to stop any further work on the natural gas pipeline and specify what the builder must do under the Endangered Species Act. The companies filed a motion for a temporary restraining order Wednesday that included a statement from Beckett describing two occasions when he saw what he believes were ocelots.
Peggy Cole, development director, left, and Doris Tomas, education director, both with Offshore Energy Center speak with John Theim and Woody Quinn, right, during the 21st Century Energy Technology Trade Show & Conference.

Updated: Conference features technology, politics

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Attendees at the opening session of a Houston technology conference heard about technology, and also got some speakers’ thoughts on President Obama’s shortcomings.
T. Boone Pickens (AP Photo/Sue Ogrocki)

T. Boone Pickens wades into the fray over energy policy

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T. Boone Pickens says he wants to hear more details from President Obama and Gov. Romney about energy policy.