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Houston Chronicle

(AP Photo/Diamond Offshore)

Offshore industry hopes for grace period on new rules

After a year of preparation, oil companies and offshore contractors starting Tuesday must comply with a government mandate requiring broad safety management systems designed to reduce human errors and shrink operational risks.
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

TransCanada says it will reroute planned pipeline

The officials said TransCanada would agree to the new route, a move the company previously said wasn’t possible, as part of an effort to push through the proposed $7 billion project.
(Photo: Jay Leno's Garage)

Jay Leno talks natural gas, alternative-fueled vehicles

Jay Leno might be best known for his Tonight Show, but he’s also a hot rod, car collector junky.
(AP file photo/David J. Phillip)

Dynegy third quarter losses triple

Dynegy Inc. said today that its losses more than tripled in the third quarter as it generated less power at lower prices.
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Brazil investigates Chevron oil spill

Brazil’s president has ordered a full investigation into an oil spill near an offshore field operated by oil giant Chevron Corp.
Oil Pipeline

Crimp in Keystone XL plans may help Houston’s Enterprise

The Keystone XL pipeline may be the first shovel-ready project buried by foot-dragging.

Chevy Volt crash test fire prompts battery probe

U.S. auto-safety regulators are examining the safety of lithium-ion batteries that power all plug-in electric vehicles after a General Motors Co. (GM) Chevrolet Volt caught fire, people familiar with the probe said.
(AP file photo/Hadi Mizban)

Exxon follows ex-BP CEO Hayward into Kurdish bonanza

Exxon Mobil Corp. (XOM) Chief Executive Officer Rex Tillerson is playing catch-up with a former rival, ex-BP Plc CEO Tony Hayward, in a race to tap oil riches in Iraq’s Kurdish region that dwarf the deep-water Gulf of Mexico.
(Photo: Fotolia)

Crude oil trading near its highest price since July

Oil traded near the highest level in more than three months as Italy started building a new government that may help contain the European debt crisis and Japan reported its first economic growth in a year.
(AP Photo/Hussein Malla)

Libya oil output could reach 800K barrels by end of 2011

Libya, the holder of Africa’s biggest oil reserves, will produce as much as 800,000 barrels of crude a day by the end of this year, the chairman of state-run National Oil Corp. said.