Fuel Fix

A worker hangs from an oil derrick outside of Williston, N.D., in 2011. State data show that 1 billion barrels of oil have been produced from the rich Bakken shale formation in western North Dakota and eastern Montana.  (AP Photo/Gregory Bull, File)

Sinking oil prices may stifle deals, M&A expert says

With oil prices at their lowest point in years, the rate of mergers and acquisitions is slowing and oil firms are pulling back on international investments.  More »
The sun rises over a drilling site in Frio County, Texas. (Jerry Lara/San Antonio Express-News)

Democrats tell feds to crack down on illegal drilling

Federal land managers need to work harder to prevent oil companies from illegally burrowing into federal mineral estate, four House Democrats say.  More »
A worker walks through pipes connecting storage tanks and pumps in the hydraulic fracturing process. (AP Photo/Keith Srakocic, File)

European chemical industry importing U.S. shale gas

As the U.S. chemical sector grows and expands, fueled by a surge in domestic gas production, the European chemical industry is stagnating, plagued by high production costs and a lack of investment in new plants and research and development.  More »
Under a portrait of the late Hugo Chavez, Venezuela's President Nicolas Maduro, left, talks with Nicaragua's President Daniel Ortega during the 8th Petrocaribe Summit in Managua, Nicaragua. (AP Photo/Esteban Felix, File)

ConocoPhillips files for arbitration against Venezuela’s state oil company

ConocoPhillips announced today it will file for arbitration in a contract-dispute case against Venezuela’s state oil company, in a continued battle over the South American state’s 2007 nationalization of several oil company’s assets.  More »
Baker Hughes painted 1,000 drill bits pink to raise awareness about breast cancer. (Rhiannon Meyers/Houston Chronicle)

Susan G. Komen partnership with Baker Hughes stirs online outrage

The breast cancer awareness foundation’s campaign to paint drill bits used in hydraulic fracturing pink is drawing the ire of social media users.  More »
A Bakken Shale oil project.(GE)

Magnum Hunter sells North Dakota acreage for $85 million

Magnum Hunter Resources Corp. will sell a portion of its Bakken acreage for $84.7 million, the Houston-based exploration and production company announced Thursday afternoon.  More »
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Ethanol companies raided in EU benchmarks antitrust case

The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts.  More »
(AP Photo/Hasan Jamali)

Iran matches Saudi oil discounts in bear market for crude

Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia as global crude benchmarks slide deeper into a bear market.  More »
Energy Secretary Ernest Moniz speaks with the Houston Chronicle editorial board on Oct. 9, 2014. (Billy Smith II / Chronicle)

Energy secretary warns of climate threats to Ship Channel industries

Energy Secretary Ernest Moniz met with energy stakeholders in Houston, and discussed climate change and oil imports in a meeting with Houston Chronicle editors and reporters.  More »
(AP Photo/Charlie Riedel, File)

Coal, not fracking blamed for U.S. methane hot spot

A tiny patch of the southwestern U.S. produces the nation’s highest concentrations of methane, the potent greenhouse gas that President Barack Obama has vowed to tackle as part of his assault on climate-change pollution.  More »
In 2007, former Venezuelan President Hugo Chavez, who died in 2013, nationalized oil assets in the Orrinco heavy crude belt. ExxonMobil and ConocoPhillips quit the country and filed arbitration claims. (AP Photo/Fernando Llano)

Exxon wins $1.6 Billion settlement for Venezuela seizure

Exxon Mobil Corp. was awarded a $1.6 billion settlement by an international arbitration panel for assets seized by Venezuela’s government in 2007, a fraction of what the crude producer had sought.  More »
(little black spot on the sun today/Flickr)

Report: Texas oil juggernaut threatened by feds, environmentalists

Texas’ oil and gas juggernaut could be threatened by federal regulators and environmental groups proposing policies that could stifle production, a new trade group report finds.  More »
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