Fuel Fix

A dusk view of a support vessel next to the illuminated Na Kika oil and natural gas production platform in the Gulf of Mexico. (BP)

Feds extend deadline for offshore drilling comments

Oil companies, environmentalists and other stakeholders will have more time to weigh in on what coastal waters should be available for drilling beginning in 2017.  More »
(Photo: Flickr, Caston_Corporate)

Private equity, foreign buyers return to U.S. oil and gas deals

U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.  More »
The United Kalavryta, shown here in the Gulf in late July, remains anchored about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Marshals won’t seize tanker’s oil unless it’s brought closer to shore

U.S. marshals won’t seize oil at the center of an ownership dispute unless smaller vessels transfer the oil from a tanker in the Gulf of Mexico and carry it closer to U.S. shores.  More »
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillps 66 earnings down 9.9 percent

Refining and logistics company Phillips 66 saw its second quarter profits fall nearly 10 percent, the company reported Wednesday.  More »
Mexican lawmakers have passed legislation that will end a 75-year state monopoly on the energy industry.

Energy reform advances in Mexico

The lower house of Mexico’s Congress has approved key legislation that could allow international investment in the nation’s oil resources under constitutional amendments passed last year.  More »
State District Judge Emily Tobolowsky of Dallas.

Enterprise Products ordered to pay $535M in partnership case

A Texas judge ordered Houston’s Enterprise Products Partners to pay $535.8 million to another pipeline operator in a dispute over a partnership to build a crude oil pipeline.  More »
A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Energy Department takes steps to plug methane leaks

The Obama administration on Tuesday rolled out a series of initiatives meant to help pare the amount of methane escaping the nation’s natural gas pipelines, following a government report that faulted the Environmental Protection Agency for doing too little to plug the leaks.  More »
Anadarko Petroleum Corp. logo

Anadarko profits fall on one-time costs; production jumps

Anadarko Petroleum Corp.’s profits dropped 76 percent in the second quarter on $442 million in derivative losses, impairments and other one-time costs even as its oil production climbed higher, the company reported Tuesday.  More »
Doug Lawler, CEO of Chesapeake, is interviewed before participating in a panel during CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.  More »
Waste Management announced it will sell its waste-to-energy business for $1.9 billion.

Waste Management to sell waste-to-energy business for $1.9 billion

Waste Management Inc. will sell its waste-to-energy business to a private equity firm for $1.9 billion, the company announced Tuesday.  More »
(Matthew Lloyd/Bloomberg)

BP profits jump on Rosneft stake

BP’s profits jumped 65 percent in the first quarter on a surge in Rosneft earnings, even as its global oil production and refining businesses declined, the company reported Tuesday.  More »
(StockMonkeys.com/Flickr)

Judge orders Kurdish crude seized if unloaded

A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude.  More »
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