Fuel Fix

Yellow oil barrels

Parnon, Arcadia to pay $13 million in price-rigging suit

Parnon Energy, an oil logistics company, and London-based oil trader Arcadia Petroleum Ltd. agreed to pay $13 million to settle a U.S. regulator’s claims they manipulated oil futures prices.  More »
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Regulator alleges Houston oil company misled investors

The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.  More »
A Linn Energy well in the Hugoton Basin.

Linn to buy $340M in assets from Pioneer, sell in Anadarko Basin

HOUSTON — Linn Energy inked a $340 million deal to buy 235,000 net acres in the Hugoton Basin from Pioneer Natural Resources Co. and announced a $90 million sale in the Anadarko Basin. The deals, done by Linn Energy and its related LinnCo, are the latest in a string of acquisitions and sales the company […]  More »
Yellow oil barrels

Crude rebounds from 6-month low on Middle East tension

Oil for September delivery gained 41 cents to settle at $98.29 a barrel.  More »
National Governor's Association Vice Chair Colorado Gov. John Hickenlooper participates in a special session on jobs in America during the National Governor's Association Winter Meeting in Washington, Sunday, Feb. 23, 2014. (AP Photo/Cliff Owen)

Colorado compromise aims to head off fracking showdown at ballot box

WASHINGTON — A last-minute deal in Colorado is aimed at averting a ballot showdown in November over the future of hydraulic fracturing and drilling regulations in the state that threatened to strand oil industry investments and divided Democrats.  More »
Kinder Morgan Energy Partners Pasadena terminal. (Photo:Kinder Morgan Energy Partners)

Terminals startup Zenith Energy gets $600 million infusion

The Kinder Morgan executive who built one of the largest U.S. energy terminal businesses is now looking beyond the nation’s shores to build infrastructure in the developing world.  More »
Natural gas is flared at a Pioneer Natural Resources well, in Karnes County, Texas in 2010. Technology developed 
(Eddie Seal/Bloomberg)

Small gas-to-liquids plant planned for former Houston power plant site

Capitalizing on an abundant supply of cheap natural gas, Biofuels Power Corporation plans to build a small-scale plant to convert natural gas to synthetic crude on a former power plant site south of downtown Houston, the company announced Monday.  More »
(construct/Flickr)

Former UN head: Show Africa where the money is

The United States should take a leadership role in forcing companies to disclose what they pay other countries in exchange for oil, gas and other natural resources, former United Nations Secretary-General Kofi Annan says.  More »
Paragon Offshore, a spinoff from offshore contractor Noble Corp., began trading on the New York Stock Exchange Monday, Aug. 4. (Paragon Offshore)

Paragon Offshore completes spinoff from Noble Corp., begins trading

Paragon Offshore became Houston’s latest publicly-traded company Monday morning when it began trading on the it began moving on New York Stock Exchange after completing its separation from Noble Corp.  More »
General Motors, which makes the Chevrolet Volt plug-in car, is among the automakers studying ways to keep auto charges from straining the power grid. (AP Photo/Reed Saxon)

Electric cars eventually could tie up grid traffic

Utilities and automakers are looking to a time when electric cars become more common and might strain electric grid capacity.  More »
FILE - In this March 24, 2011 file photo, oil is seen on the creek water's surface near an illegal oil refinery in Ogoniland, outside Port Harcourt. Little action has been taken to clean up pollution caused by oil production in Nigeria’s Niger Delta region, either by the government or Shell Oil, Amnesty International and other groups charged Monday. Aug. 4, 2014. Oil production has contaminated the drinking water of at least 10 communities in the Ogoniland area but neither the Nigerian government nor Royal Dutch Shell's Nigeria subsidiary have taken effective measures to restore the fouled environment, said the new report by Amnesty International, Friends of The Earth Europe, Center for Environment, Human Rights and Development, Environmental Rights Action, and Platform. (AP Photo/Sunday Alamba, File)

Nigeria, Shell not cleaning oil pollution, report charges

Nigeria, a member of the Organization of the Petroleum Exporting Countries, is Africa’s largest oil producer and most populous nation.  More »
Early-stage components at GE Oil & Gas in Houston will eventually be part of annular blowout preventers used in deep-water situations to seal pipes in an emergency. (For the Chronicle/Eric Kayne)

Companies at work on blowout preventers for deeper depths

GE Oil & Gas and others are working to create blowout preventers that can work at deeper depths and higher pressures.  More »
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