Fuel Fix

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 »
(Daniel Acker/Bloomberg)

Poll: Public wants action on flaring

The oil industry’s practice of burning or releasing natural gas from wells where crude is the big moneymaker is unpopular in several western states, according to a poll released Thursday.  More »
(AP Photo/Hasan Jamali, File)

Crude prices fall to lowest levels in years as market pressures converge

Crude oil prices fell to the lowest levels since 2012 early Thursday, as concerns about both oversupply and the global economy weighed on traders.  More »
(Bill Montgomery photo/Houston Chronicle)

Texas power grid has first rotating outages since 2011

The state’s power grid experienced rotating outages for the first time since 2011 late Wednesday afternoon after a pair of power plants went offline.  More »
Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi. (AFP PHOTO)

Oil bulls keep faith Saudi supply cuts will revive price

Ignore the talk of an OPEC price war, say crude market bulls. Oil’s next move was spelled out inSaudi Arabia’s own words.  More »
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