Fuel Fix

Source: Louisiana Offshore Oil Port LLC via Bloomberg

Shale shifting flows at America’s biggest oil port

With domestic production at a 28-year high, LOOP’s managers are thinking the previously unthinkable: They want to reverse the flows and send North American oil out as well as take foreign oil in.  More »
The Occidental Petroleum building in the Westwood district of Los Angeles Thursday, Aug. 11, 2005.  (AP Photo/Reed Saxon)

Oxy names leadership team for California spinoff

Occidental Petroleum Corp. today named two of its executives who will run California Resources Corp., a spinoff company that will focus on oil and gas exploration and production in California.  More »
Yellow oil barrels

Oil rises for first time in 2 weeks

Crude for August delivery gained 64 cents to $102.93 a barrel.  More »
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A line of trucks wait to help clean up the site of a saltwater spill, Thursday near Mandaree, N.D. It could take weeks to clean up after a pipeline leaked 1 million gallons of saltwater on an oil-producing reservation in the heart of North Dakota's booming oil patch, with some of the byproduct finding its way to a bay that connects to the reservation's main source of drinking water, company and tribal officials say. (AP Photo/Josh Wood)

EPA trying to confirm N. Dakota spill didn’t reach lake

EPA said most of the spill was pooled on the ground, soaked into the soil and held behind beaver dams.  More »
KiOR's facility in Columbus, Miss. (KiOR)

KiOR hires investment bank to explore sale

KiOR, based in Pasadena, announced it had hired Guggenheim Partners  More »
A new report suggests energy companies should to more to thwart attacks on critical control systems.

Report: Oil companies remain complacent about computer dangers

Oil, gas and other critical infrastructure companies are ill prepared to thwart cyber threats, even though more than two thirds have had at least one significant security compromise in the past year, according to a report released Thursday.  More »
(AP Photo/Paul Sakuma, File) Sales of premium and mid-grade gasoline have yet to resume at all 500 Greater Houston stations.

Chevron investigates bad gasoline in Houston pumps

Chevron continues to investigate how a bad batch of gasoline ended up in Houston-area pumps, sparking consumer complaints and forcing the company to suspend sales of premium and mid-grade gasoline at 500 local stations for several days.  More »
(StockMonkeys.com)

Houston pay tops nation on oil, gas strength

Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a generous bump in oil and gas-industry pay, according to PayScale.  More »
(Alexander Klein/AFP via Getty Images)
Global oil demand will increase in 2015, the Organization of the Petroleum Exporting Countries said Thursday.

OPEC: As U.S. production surges, global oil demand to grow in 2015

Global oil demand is projected to grow in 2015 as the world economy continues to recover but with U.S. production surging, demand for oil from the Organization of Petroleum Exporting Countries will continue to slide, the oil producer’s group announced Thursday.  More »
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Report: motorists to spend slightly more on gas this summer

The government’s Energy Information Administration forecasts regular gasoline retail prices to average $3.66 per gallon from April through September, about 2 percent more than the same time in 2013.  More »
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 increases capital budget, approves more buybacks

Refining and midstream giant Phillips 66 announced that it would increase its 2014 capital budget by $1.2 billion this year in order to fund its liquefied petroleum gas project as well as a recent acquisition.  More »
(fotolia)

New “peaking” power units coming to Texas

East Texas-based Navasota Energy plans to build natural-gas fired “peaking” units in Guadalupe and Wilson counties capable of quickly sending power to the Texas grid at times of heavy demand.  More »
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