Fuel Fix

French energy giant Total CEO, Christophe de Margerie addressing reporters during a 2011 press conference in Paris, France. (AP Photo/Christophe Ena, File)

President, French elite honor late Total CEO

Total Chief Executive Christophe de Margerie’s cherubic demeanor made him known and appreciated by many French.  More »
(Photo courtesy of Shell Oil Co.)

Shell seeks five more years for Arctic oil-drilling drive

Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.”  More »
The Scream, by Edvard Munch.

Goldman Sachs: Expect U.S. crude to fall to $70 next year

The decline is due to oil production growing at a faster pace than demand, leading to global oil market that’s oversupplied.  More »

Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Researchers find oil footprint from 2010 Gulf oil spill

New research is shedding more light on the fate of the crude that gushed out of BP’s failed Macondo well in 2010.  More »
Former Treasury Secretary Timothy Geithner became president of Warburg Pincus in November.  (AP Photo/J. Scott Applewhite. File)

PE firm Warburg Pincus raises $4B for energy investments

A private equity shop that lured the former U.S. Treasury Department chief to the firm last year has collected $4 billion for its first energy fund to pour cash into U.S. oil explorers and other companies.  More »
albert chao

Westlake Chemical plans $330 million ethylene expansion

Construction will generate about 1,000 jobs at its peak, the company said.  More »
Site preparation has already begun for construction of Chevron Phillips Chemical’s new ethane cracker at its Baytown facility. (Chevron Phillips Chemical)

Sasol approves plan for $8.1 billion ethane cracker near Lake Charles

The project is driven by the abundance of low-cost ethane and natural gas in the U.S., which has prompted many chemical makers to beef up their U.S. facilities.  More »
The Gunnison Sage-Grouse located in Utah and Colorado is known for its elaborate mating ritual, which has the male strutting and flapping his wings in a showy display. Like the greater sage-grouse species, the gunnison sage-grouse requires large expanses of sage brush. (Photo: U.S. Fish and Wildlife Service)

Sage grouse classification could affect Colorado, Utah oil and gas development

The Fish and Wildlife Service has decided whether to classify the bird species as “threatened,” but only a few now know the verdict.  More »
Huntsman posted higher third-quarter earnings despite an unplanned outage at its Port Neches plant. ( Brett Coomer / Chronicle )

Huntsman posts higher earnings despite Texas plant outage

The company attributed the increase to growing demand for key products, including textile dyes and chemicals and a specific kind of polyurethanes.  More »
(Ken Childress)

Carrizo snaps up Eagle Ford acreage for $250M

The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.  More »
(Cody Duty / Houston Chronicle)

Williams Cos. offers better terms for merger

Under the deal, Tulsa, Oklahoma-based Williams will bring Oklahoma City-based Access Midstream Partners LP under the Williams Partners LP name.  More »
FRANCE-ECONOMY-ENERGY-OIL-FUEL-GAS-AUTO-FILES

U.S. gasoline falls to lowest since 2010, Lundberg says

Oil has fallen by 24 percent from this year’s peak in June.  More »
(Olivier Douliery/Abaca Press/MCT)

Keystone foes energized as price pinches oil sands allure

TransCanada Corp. proposed the pipeline in September 2008 when oil was more than $100 a barrel.  More »
(AP Photo/ Louis Lanzano)

Oil speculators bet wrong as rebound proves fleeting

After rising as analysts speculated prices had reached a floor, WTI sank again after stockpiles climbed nationally.  More »
ALCS Citgo Sign

Citgo not for sale, Venezuela says

Venezuela has ruled out selling its U.S.-based refining subsidiary Citgo Petroleum Corp, Finance minister Rodolfo Marco Torres told Caracas-based El Universal newspaper in an interview published Sunday.  More »
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