Fuel Fix

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Prices at the pump head below $3 in much of U.S.

While gas prices usually dip this time of year, they’re dropping even faster now due to plummeting global oil prices.  More »
Tankers in the Houston Ship Channel, Tuesday June 18, 2013.  (Billy Smith II/Houston Chronicle)

Surging Middle East oil increases tanker rates

The oil-refining wave in the Middle East is filling tankers to export the region’s processed fuels and driving freight rates to the highest for the time of year since 2008.  More »
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Mayra Beltran/Houston Chronicle)

BHP Billiton to cut petroleum capital spending by $279 million

BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report Thursday.  More »
Black Elk Energy's sign is seen on the front of its office in the 11400 block of Katy Freeway. (Cody Duty / Houston Chronicle)

Black Elk execs depart, start new firm

The man who founded and led Black Elk Energy, a Houston firm battered by a fatal 2012 explosion at one of its Gulf of Mexico production platforms, left the company a few weeks ago to try his hand at pumping oil on dry land.  More »
Yellow oil barrels

Gasoline futures surge, crude prices decline

Gasoline futures gained 5.42 cents, or 2 percent, to end at $2.718 a gallon on the New York Mercantile Exchange.  More »
Several CSX tanker cars carrying crude oil in flames after derailing in downtown Lynchburg, Va., Wednesday, April 30, 2014. (AP Photo/City of Lynchburg, LuAnn Hunt)

Oil industry group offers crude-train testing standards

The oil industry’s lead trade group released new standards on Thursday for testing and classifying crude shipped by rail after prior shipments were misclassified, including a train that derailed in Canada and killed 47 people.  More »
Big Tex rises again

EPA: Cut your carbon footprint with a corn dog

On the eve of the opening of the state’s annual weeks-long celebration of fried food, football and one very tall cowboy, the U.S. Environmental Protection Agency is urging fairgoers to cut carbon emissions in part by eating more, thus slashing pollution emissions from food waste.  More »
Woodstock music festival poster.

Can we at least agree that it’s not “hydraulick?”

The oil and gas industry in Pennsylvania is embracing the word “fracking,” and spelling it that way, to counter its pejorative use by opponents of hydraulic fracturing.  More »
John Hess, chairman and CEOr of Hess Corp., speaks at the CERAWeek Energy Conference on global energy in Houston. (F. Carter Smith/Bloomberg News)

Hess planning IPO for midstream MLP

Several Hess midstream assets in North Dakota and Minnesota will be part of the offering.  More »
An official at Saudi Aramco watches progress at a rig at the al-Howta oil field in Saudi Arabia in 1997. (AP file photo/John Moore)

Saudi Aramco a “force to be reckoned with” in chemical industry

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS.  More »
Dynegy CEO Robert Flexon is at the company's commercial desk. (Photo/James Nielsen)

Dynegy’s CEO says the company is in it for the long run

Once Dynegy’s two deals close early next year, Dynegy’s workforce should grow from around 1,600 employees to 2,600.  More »
(AP Photo/Luis Cruz Hernandez)

Wyoming wind farm plan hinges on huge Utah caverns

The caverns in central Utah would serve as a kind of massive battery on a scale never before seen, helping to overcome the fact that – even in Wyoming – wind doesn’t blow all the time.  More »
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