Fuel Fix

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Environmental group urges Texas regulators to tackle methane

The Environmental Defense Fund says some major oil companies are taking steps to reduce leaks of the greenhouse gas methane, the main component of natural gas, but that hundreds of smaller companies aren’t.  More »
(AP Photo/Richard Drew, File)

Oil producers unite to lobby for crude exports

Fourteen of the nation’s largest independent oil companies are banding together to lobby for the right to export crude around the world. It’s a sign the industry is revving up for a big, coordinated push to dismantle those trade restrictions next year.  More »
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Exxon Mobil CEO: Not moving headquarters to Houston

ExxonMobil’s CEO on Thursday dashed Houston’s hopes that the multinational oil and gas giant would relocate its headquarters to Houston, saying he plans to continue to honor the company’s foundational principals to keep separate its executive suites from its operations.  More »
Nelson Bunker Hunt (left) chuckles after being found innocent along with his brother Wililam Herbert Hunt (right).  (AP Wire photo)

Hunt’s death revives memory of fortune lost on silver bet

To Nelson Bunker Hunt, the world was full of enemies.  More »
Oxfam activists dressed as corporate lobbyists of fossil fuel companies stage a demonstration ahead of an EU summit in Brussels on October 23, 2014 (AFP PHOTO/EMMANUEL DUNAND/AFP/Getty Images)

Coal-rich Poland ready to block EU climate deal

Poland says that EU’s proposed pace for increasing reliance on renewable energy sources is too fast for Eastern European countries that are trying to grow their economies as they restructure old, energy-dependent industries.  More »
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Wireless Seismic facing patent infringement suit

The Sugar Land-based company with investment from energy giants Total and Chesapeake is facing a federal lawsuit alleging that it’s infringing on a rival firm’s patents.  More »
Armed security stands near an oil pipe at the Bryan Mound facility of the Strategic Petroleum Reserve  in Freeport, Texas. (Photo: Brett Coomer/Houston Chronicle)

Senator: Time to rethink our emergency oil stockpile

Sen. Ron Wyden wants the United States to rethink the size and scope of its emergency oil stockpile.  More »
The Transocean-owned Discoverer India drill ship made the oil discovery 180 miles off the coast of Louisiana in 3992 feet of water. (Chevron)

Chevron, BP make oil discovery in Gulf of Mexico

Chevron and BP report an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico.  More »
(AP Photo/Reed Saxon)

Occidental profits fall 24 percent amid deflating crude prices

Occidental Petroluem said domestic oil production costs rose in the third quarter.  More »
The sun rises behind a ship as it enters the North Sea from the river Tyne, near Tynemouth, England, Wednesday, Oct. 15, 2014. (AP Photo/PA, Owen Humphreys)

BP, GDF Suez discover new field in UK North Sea

The UK North Sea is an area that BP CEO Bob Dudley said last month “is now mature,” and that investment opportunities “are smaller and more challenging to develop than in the past.”  More »
Weatherford International CEO, Bernard Duroc-Danner. (Michael Paulsen/Houston Chronicle file photo)

Weatherford posts $77 million in profits, could announce two divestitures this year

Oil field service company Weatherford International could announce at least two major divestiture before the end of the year, including one that may occur “imminently” and perhaps within the next week,.  More »
(Photo: freegreatpicture.com)

Porter Hedges expands energy practice to Oklahoma

Houston’s Porter Hedges opened an office in Oklahoma City and added four energy lawyers in the law firm’s first expansion outside of Texas.  More »
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