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Houston Chronicle

A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Sunoco idles Pa. refinery, 490 layoffs expected

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Sunoco said it will idle a suburban refinery and lay off about 490 employees because of deteriorating market conditions.
(AP photo)

Obama, Clinton to announce energy saving program

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Enlisting former President Bill Clinton as a partner, President Barack Obama is announcing a $4 billion effort to increase the energy efficiency of government and private sector buildings, aiming for fuel savings and job creation at no cost to taxpayers.
(File Photo by James Nielsen/Getty Images)

Steffy: Why Enron is still with us

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Business, like Houston, rarely uses a rearview mirror, so the anniversary of Enron’s bankruptcy filing, 10 years ago today, passes with a whiff of irony.
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko announces Cheyenne East discovery in Gulf of Mexico

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Anadarko Petroleum Corp. (APC), the largest U.S. independent oil and natural-gas producer by market value, found more gas than expected at its Cheyenne East project in the Gulf of Mexico.
This photo provided by the U.S. Fish and Wildlife Service shows a sand dune lizard in Chaves County, N.M., The sand dune lizard is one of the creatures that the advocacy group WildEarth Guardians believes should be emergency listed under the Endangered Species Act. The group has filed a lawsuit against the U.S. Interior Department, claiming the agency failed to take action on hundreds of species that had been petitioned for listing. (AP Photo/U.S. Fish and Wildlife Service, Michael T. Hill)

Sand Dune Lizard decision won’t be for six months

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Oil and gas activity in West Texas could be hindered if the U.S. Fish and Wildlife Service adds the Sand Dune Lizard to the endangered species list.
(Photo: BFS Man)

ERCOT warns of possible rolling blackouts this winter, next summer

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Last winter’s rolling blackouts in Texas and the summer’s near-blackouts could occur again in the coming year if extreme weather stresses the power grid more than normal, the state’s grid operator said Thursday.
(AP file photo/Alastair Grant)

BP selling Canada Gas unit to Plains Midstream

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BP PLC said today it is selling its Canadian natural gas liquids business to Plains Midstream Canada, a subsidiary of Plains All American Pipeline, for $1.67 billion.
GASOLINE PRICES $3

Gas prices edge closer to sub-$3 mark

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Price fell to $3.09, down from the $3.12 average from last week, according to AAA gas gauge. GasBuddy.com said the average price in Houston dropped to $3.08, down two pennies from last week.
This underwater image taken and released by Brazil's Environment and Natural Resources Institute, IBAMA, shows an oil spill in an offshore field operated by Chevron oil company at the Bacia de Campos, in Rio de Janeiro state, Brazil, Nov. 11, 2011. More than 2,600 barrels of oil may have spilled into the Atlantic ocean because of a leak at an offshore Chevron drilling site, IBAMA officials said Friday. (AP Photo/Ibama)

Chevron was “irresponsible” in Brazil spill

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Chevron Corp. (CVX) was “irresponsible” and acted with an “absolute lack of caution” in operations that led to a leak in the Frade oilfield off the coast of Rio de Janeiro, the state’s governor said.
BP Valhall Platform offshore norway

Norway sees record oil spending in 2012

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Norway expects the petroleum industry to invest a record amount next year amid new field developments, shielding the economy from the fallout of Europe’s debt crisis.