(San Antonio Express-News)

Valero may split off retail operations

Valero Energy may split its retail business from the rest of the company. It is reviewing several ways to separate its retail operations, including a distribution to shareholders, the company said.
Categories: General, Refining
(Photo: Houston Chronicle file)

Wait-and-see mode for Texas electric consumers

The much-discussed wholesale electricity price hike starts tomorrow, leaving some to ponder whether electricity providers will pass on the higher costs to consumers.
Categories: Electricity, General
A handful of corn is shown before it is processed at the Tall Corn Ethanol plant in Coon Rapids, Iowa. (AP file photo/Charlie Neibergall)

Texas ranchers back ethanol-waiver request

Texas ranchers and dairy operators Monday backed a request by national agricultural producers to suspend the nation’s Renewable Fuels Standard because it is causing corn prices to soar and livestock producers to suffer.
Categories: General
(Photo: Anadarko)

Anadarko records loss on low natural gas prices

The oil and natural gas producer suffered a $380 million loss for the second quarter, largely due to a reduced value for its coalbed methane properties.

Shell betting on gas price rebound, new demand

CEO Peter Voser forecasts U.S. energy independence could be just 20 years away.
Categories: Asia
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Sleeping quarters aboard the Perdido, operated by Shell Oil Co., and owned buy Shell, Chevron and BP. The platform is located in the Gulf of Mexico, 200 miles south of Galveston, Texas. (AP Photo/Jon Fahey)

Gulf of Mexico deep-water rigs likely to reach record by 2014

The offshore rig count in the Gulf of Mexico is nearing its pre-Macondo level and is expect to grow another 50 percent by 2014, one of the most visible indicators of the Gulf drilling revival, according a Monday research note by Barclays Equity Research.
Categories: General
(AP file photo/Courtesy of Mary Sage, Joseph Napaaqtuq Sage)

Climate-change skeptic becomes clime-change believer

University of California at Berkeley professor Richard A. Muller long questioned the existence of global warming, but Muller say he is now a “converted skeptic.”
Categories: General
(Photo: Flickr, Caston_Corporate)

CB&I makes deal to buy Shaw Group

Engineering and construction firm Chicago Bridge & Iron Co. has agreed to buy another industry player in a $3 billion cash and stock deal that will create one of the largest firms of its kind, executives announced Monday.
Categories: Deals

Eagle Ford a contender for top U.S. play

Highly productive wells and the vast size of the Eagle Ford Shale are combining to make the South Texas shale play a contender for being the nation’s best, according to a new report.
Categories: Eagle Ford
(AP photo)

Among top-paid, it’s still a man’s world

It’s not as much of an old boys’ network as it used to be. But the wingtips still outnumber the high heels.
Categories: General