Fuel Fix

A new report suggests energy companies should to more to thwart attacks on critical control systems.

Report: Oil companies remain complacent about computer dangers

Oil, gas and other critical infrastructure companies are ill prepared to thwart cyber threats, even though more than two thirds have had at least one significant security compromise in the past year, according to a report released Thursday.  More »
(AP Photo/Paul Sakuma, File) Sales of premium and mid-grade gasoline have yet to resume at all 500 Greater Houston stations.

Chevron investigates bad gasoline in Houston pumps

Chevron continues to investigate how a bad batch of gasoline ended up in Houston-area pumps, sparking consumer complaints and forcing the company to suspend sales of premium and mid-grade gasoline at 500 local stations for several days.  More »
(StockMonkeys.com)

Houston pay tops nation on oil, gas strength

Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a generous bump in oil and gas-industry pay, according to PayScale.  More »
(Alexander Klein/AFP via Getty Images)
Global oil demand will increase in 2015, the Organization of the Petroleum Exporting Countries said Thursday.

OPEC: As U.S. production surges, global oil demand to grow in 2015

Global oil demand is projected to grow in 2015 as the world economy continues to recover but with U.S. production surging, demand for oil from the Organization of Petroleum Exporting Countries will continue to slide, the oil producer’s group announced Thursday.  More »
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Report: motorists to spend slightly more on gas this summer

The government’s Energy Information Administration forecasts regular gasoline retail prices to average $3.66 per gallon from April through September, about 2 percent more than the same time in 2013.  More »
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 increases capital budget, approves more buybacks

Refining and midstream giant Phillips 66 announced that it would increase its 2014 capital budget by $1.2 billion this year in order to fund its liquefied petroleum gas project as well as a recent acquisition.  More »
(fotolia)

New “peaking” power units coming to Texas

East Texas-based Navasota Energy plans to build natural-gas fired “peaking” units in Guadalupe and Wilson counties capable of quickly sending power to the Texas grid at times of heavy demand.  More »
Caption


FILE - In this Feb. 28, 2013 file photo, Illinois Department of Natural Resources Director Marc Miller is seen at the state Capitol in Springfield, Ill.  (AP Photo/Seth Perlman, File)

Illinois has hired few workers to oversee fracturing

More than a year after a compromise paved the way for high-volume oil and gas extraction in Illinois, the agency in charge of overseeing the practice has hired just four of 53 new employees it says it needs as it continues working to complete rules drillers must follow.  More »
Phillips 66 has struck a deal with a Chevron subsidiary to buy the Beaumont Terminal, capable of carrying 7.1 million barrels of oil equivalent.

New congressional caucus aims to boost refiners

Refiners fighting against biofuel mandates, environmental regulations and changes in U.S. export policy may have new allies on Capitol Hill, with the launch Wednesday of a congressional caucus dedicated to the sector.  More »
Tanker cars full of U.S.-produced oil are helping supply East Coast refineries. (AP Photo/Nati Harnik, File)

Rail terminal could bring more Canadian oil to Gulf

The oil industry isn’t waiting on the Keystone Pipeline to build a link between Canadian heavy crude and the Gulf Coast.  More »
Yellow oil barrels

Oil on 2-week slide even with Mideast turmoil

The prolonged drop could lead to lower gasoline prices for U.S. drivers in the weeks ahead.  More »
Permian Basin oil production growth is concentrated in six formations. (U.S. Energy Information Administration)

Rallying Permian beats anew as heart of Texas oil

The Permian Basin, which helped define the Texas oil business for 50 years then hit the skids, is back big-time, and a new government report makes the point.  More »
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