Fuel Fix

(AP Photo/Pat Sullivan)

California pledges changes in protecting underground water

State regulators said Monday that they have notified the U.S. Environmental Protection Agency of their plan for bringing the state back into compliance with federal safe-drinking water laws.  More »
Last Mile - Final fueling

Natural gas sees slight gain on colder weather

The slight rally — about 3 cents or 1.12 percent — comes after prices for the benchmark futures contract fell to more than two-year lows in the first week of February.  More »

U.S. gas prices jump 13 cents a gallon; could go higher

Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.  More »
The lobby of the Baker Hughes office in Houston. (Julio Cortez / Houston Chronicle)

Baker Hughes to lay off 110, close plant in North Texas

The move is a small part of the 7,000 jobs Baker Hughes expects to cut over the first quarter.  More »

C&J Energy drops price for Nabors fracturing unit by $250 million

C&J Energy Services is slashing the price it will pay for Nabors Industries’ hydraulic fracturing unit by $250 million in cash, it said Monday, in a move to cut the debt it will have to take out amid low oil prices.  More »
(Simon Dawson/Bloomberg)

Diamond Offshore CEO: Oil firms trying to sublet rigs in crowded market

Diamond Offshore Drilling is cutting a special shareholder dividend as it stores up cash to shop for acquisitions in the downtrodden oil drilling market, it said Monday.  More »
BG Group appoints Statoil Chief Helge Lund as CEO. (Andrey Rudakov/Bloomberg)

BG Group’s new CEO Lund starts three weeks early amid oil crash

Norway’s Statoil ASA, which Lund led until October last year, agreed last week to release him from his contractual commitments, BG said in a statement today.  More »
(AP Photo/Chris Carlson)

California formally opens large solar plant

California has been steadily expanding its use of solar power to meet the state’s renewable energy standards, while testing the balance between wilderness conservation and the pursuit of green energy.  More »

Oil prices rise after OPEC cuts forecast for U.S. output

The group said it may boost global demand forecasts beyond this month’s slight increase amid rising U.S. gasoline use.  More »
(Cody Duty / Houston Chronicle)

Steelworkers strike extends to BP plants outside Texas

The United Steelworkers union is broadening its nationwide walkout to include two more refineries. Early Sunday, the union is planning to go on strike against two BP facilities in the Midwest, union spokeswoman Lynne Hancock confirmed. That will bring the total number of plants on strike to 11, after union members walked out of nine facilities, including […]  More »
David (left) and Charles Koch.

Koch brothers worth $100 billion lead oil moguls on rise

Much of the gain was fueled by oil. Brent crude climbed more than 9 percent, adding to an 8.6 percent gain last week. It’s still about half the price it was in June.  More »
In this April 8, 2009, file photo, Aldemir Bendine, president of Banco do Brasil speaks during a news conference in Brasilia, Brazil. Aldemir Bendine was named as the new CEO of the Brazilian oil firm Petrobras, according to a statement on the Petrobras website on Friday, Feb. 6, 2015. (AP Photo/Eraldo Peres, File)

Brazil’s Petrobras names state banker as new CEO

The selection of Aldemir Bendine, announced on Petrobras’ website, failed to impress some analysts, who described the banker as “underwhelming.” Shares of Petrobras dropped 6.9 percent in trading Friday.  More »
(AP Photo/Richard Drew)

Baker Hughes to close plant, cut 60 jobs in Louisiana

Baker Hughes told Louisiana regulators this week it will close a plant in Houma, Louisiana and that it has cut the 60 jobs there, another oil field services cutback amid low oil prices.  More »
Joe Kaeser, CEO of Siemens, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

Siemens to cut 7,800 employees

German industrial conglomerate Siemens AG said Friday it will scrap 7,800 jobs over the next two years to cut costs, as it faces lower energy equipment profits and a battered European economy.  More »
An oil tanker navigates the Houston Ship Channel in Houston, Texas on Friday June 13, 2003.  The U.S. trade deficit narrowed in April from a record as imports fell, reflecting the biggest decline in oil prices in 12 years, a government report showed. Photographer:  F. Carter Smith/ Bloomberg News.

Moody’s: Oil bust will “deflate” Harris County economy

Both Harris County and Houston will undergo an economic slowdown as the oil and gas industry’s activity level slows in the wake of low oil prices, credit ratings agency Moody’s said Friday.  More »
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