Oil, gasoline prices to fall more than forecast
The average price of domestic oil and gasoline will be less than previously forecast through the remainder of 2012 because of week demand and increasing world supplies, according to a government report. More »
Motiva may shut a Port Arthur crude unit up to 5 months
Motiva is investigating a mechanical issue that caused a shutdown. More »
Judge won’t step aside in a BP obstruction case
U.S. District Judge Stanwood Duval in New Orleans said prosecutors and defense attorneys indicated they have no concerns about his impartiality. More »
Oil prices fall on global economic concerns
A multi-billion dollar bailout loan for Spain’s banks generated initial enthusiasm in the energy markets. But by the close, the good feeling had given way to skepticism. More »
Exxon Mobil project’s value could surpass $1 billion
The number of cranes rising from the site of the future Exxon Mobil campus is in the double digits. On any given day, about 1,000 workers are there constructing what is by far the largest real estate development built here in some time. More »
Ecuador clean water charity started amid oil fight
Residents of Ecuador’s rain forest have spent 18 years fighting American oil companies that they say poisoned their water and land. More »
Waterless fracking firm to hire 100
A Canadian company that uses a new, waterless process in fracking operations plans to build an operations center in Floresville that will serve clients drilling in the Eagle Ford Shale, a company official said Friday. More »
Study predicts job growth if BP fines used for Gulf Coast
The report by the research firm Mather Economics comes as Gulf interests press Congress for passage of the Restore Act. More »
Judge lets Chesapeake Energy’s meeting proceed
The judge ruled Chesapeake’s shareholders had not proven they would suffer irreparable injury if the injunction was denied More »
Chesapeake said to discuss $4 billion pipeline sale
Chesapeake is discussing selling all of its interests in Chesapeake Midstream Partners. More »
Judge considers delaying Chesapeake annual meeting
An attorney said a shareholders’ meeting scheduled for Friday should be put off to give Chesapeake Energy Corp. more time to provide shareholders with the information they need to determine whether the company’s board of directors has been doing its job.
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Norway energy chief promotes Arctic drilling
Norway’s Minister of Petroleum and Energy Ola Borten Moe spoke at the Petroleum Club of Houston on Monday and promoted fossil fuels as economic drivers. More »
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