Houston Chronicle Energy News

Reporting from the daily edition.
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Oil settles above $105 a barrel

Oil prices continued to set new post-recession highs today as forces loyal to Moammar Gadhafi pounded rebels near a key oil port in Libya. It’s unclear how long the country’s oil exports will be cut off, and traders prepared for a worst-case scenario in which world supplies would be under pressure for months.  More »
A fire burns on board the GI 102A oil production platform 50 miles south of Grand Isle, March 6, 2011. The Coast Guard responded with multiple sea and air assests to the reports of the fire -- rescuing the two individuals who were on board the platform at the time. (Photo: U.S. Coast Guard)

2 treated after fire at platform 50 miles off Grand Isle, La.

Two men were taken to a hospital after an oil platform in the Gulf of Mexico caught fire Sunday morning, officials said. The fire broke out on the GI 102A oil production rig owned by Arena that is about 50 miles off Grand Isle at about 8 a.m. Sunday, …  More »
ceraweek

Middle East, $100 oil on the agenda for CERAWeek

Middle East turmoil. The return of $100 oil. The still uncertain outlook for offshore drilling after the BP spill. They’ll all be on the agenda at CERAWeek 2011, which brings some of the biggest names in energy, technology, academia and politics to Houston this week to discuss the future of energy.  More »
(AP Photos)

Competing interests add fire to fuel debate

There’s a new power struggle on Capitol Hill, and it isn’t between Republicans and Democrats. Instead, it’s a battle among producers of all sorts of energy – wind, solar, oil and gas – as they scramble to get a sliver of shrinking federal subsidies and make sure they benefit from policies that could drive up demand.  More »
(Photo: Matt Churchill/Flickr)

Oil lobbyists focus new attention on regulators

With Republicans in control of the House and partisan gridlock limiting chances for major energy legislation, oil lobbyists are following the lead of the Democratic administration by turning to federal agencies in the executive branch that can deploy regulations with fewer congressional restraints.  More »
Mining trucks carry loads of oil-laden sand at the Albian Sands oils sands project in Ft. McMurray, Alberta. (AP file photo/Jeff McIntosh)

Mideast strife may be an oil boon for Canada

American oil and gas advocates have championed Canada’s oil sands projects for years, but now oil supply worries tied to turmoil in North Africa are coinciding conveniently with a recently revamped push for the heavy crude source to our north.  More »

The Well energy briefs

Pegasus International in Aberdeen has been awarded a contract to provide consultancy services to ONGC for the development of the Deepwater Vashishta and S1 fields off the east coast of India. The natural gas fields will be developed using a number …  More »

Disagreement over end of BOP testing

NEW ORLEANS — There may have been a fundamental safety design problem with the pods that controlled the massive device that failed to stop the Gulf oil spill, U.S. Chemical Safety Board investigators said Friday as they asked that more testing be don…  More »

BP Atlantis platform cleared on safety issue

WASHINGTON — Federal investigators on Friday rapped BP for poor record-keeping at its huge Atlantis oil production platform in the Gulf of Mexico but said the problems did not jeopardize workers at the site. After an 11-month probe, the Bureau of Oce…  More »
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Oil settles at highest level since September 2008

Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world’s largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.  More »

Lawmakers’ concerns rise with pump prices

WASHINGTON — With oil still trading above $100 per barrel, Democrats and Republicans on Thursday pressed Obama administration officials to detail the White House’s plans for keeping gasoline prices down and America’s economic recovery on track. “The…  More »
Tim DeChristopher raises his fist along with those who have gathered to support him as he leaves court in Salt Lake City, Utah, on Thursday, March 3, 2011. (AP Photo/Deseret News, Ravell Call)

Activist is convicted of making false drilling bids

Environmentalist Tim DeChristopher was found guilty of making $1.8 million in false oil and gas drilling bids at a 2008 federal auction in a case that became a cause celebre among activists and Hollywood stars. A federal jury reached its verdict in about three hours, finding DeChristopher guilty of two felony counts of interfering with and making false representations at a government auction.  More »