Fuel Fix

Calpine's Magic Valley project near Edinburg, Texas (Photo: Calpine)

Calpine sells six plants for $1.6 billion

Calpine Corp. closed on the sale of six power plants, the power generator said in an Securities and Exchange Commission filing today, bringing in nearly $1.6 billion.  More »
An artist's rendering shows the  industry-backed Pipeline Research Council International's  $10 million Technology Development Center in Northwest Houston,  scheduled for completion early in 2015. (Pipeline Research Council International photo)

$10 million pipeline research center to open in Houston

An industry-supported research center under construction in Houston will provide facilities for testing and evaluating pipelines in a move to reduce sometimes-disastrous ruptures.  More »
court_gavel

Drillers: BP can’t escape liabilities by blaming feds for moratorium

Plaintiffs’ attorneys say BP can’t dismiss lawsuits from drillers and oil-field service companies by arguing it was the federal government’s fault they lost money during the Gulf of Mexico drilling moratorium in 2010.  More »
Welders work on a joint between two sections of pipe during construction of Keystone XL's southern leg in Prague, Oklahoma. (Daniel Acker/Bloomberg)

Groups tell Obama: Don’t wait on Keystone

WASHINGTON — Forty-four groups representing oil companies, truckers, manufacturers and other interests on Tuesday implored Secretary of State John Kerry to approve the Keystone XL pipeline that would ferry Canadian crude to the Gulf Coast.  More »
(AP photo)

EU’s united front on Russia falling amid gas needs

A clutch of countries is breaking ranks with the EU’s efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep  More »
(stockyimages)

Macquarie fund buys terminals business in American expansion

A fund managed by Macquarie Group Ltd. agreed to take full control of a U.S. bulk liquid terminals operation for $1.03 billion in cash and stock as Australia’s largest investment bank expands its North American businesses.  More »
Ben Davenport, 19, stands in front of compressors and other equipment at Lackawanna College School of Petroleum and Natural Gas in New Milford, Pa.  (Jennifer A. Dlouhy / The Houston Chronicle)

Industry, schools partnering to train oil field workers

Educational programs popping up in Texas, Pennsylvania and North Dakota that aim to help oil companies find enough workers to install pipeline, monitor wells and fix equipment.  More »
(jbachman01/Flickr)

Fortune Global 500 list heavy on oil

Wal-Mart took the No. 1 spot on Fortune’s Gobal 500 ranking of the world’s largest companies based on revenue, but the top of the list was sloshing with oil.  More »
Iraqi Kurdish forces take position near Taza Khormato as they fight jihadist militants from the Islamic State of Iraq and the Levant (ISIL) positioned five kilometers away in Bashir, 20 kms south of Kirkuk, on June 23, 2014.
(AFP PHOTO/KARIM SAHIBKARIM SAHIB/AFP/Getty Images)

Moody’s: Iraqi violence isn’t likely to affect oil company credit ratings

Sectarian violence in Iraq probably won’t affect credit ratings of major oil companies operating there, Moody’s Investors Services predicts.  More »
Yellow oil barrels

Oil slips below $104 as Libya set to boost exports

U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel.  More »
Golden Pass Products has applied formally for federal permission to build an LNG export terminal at its existing import facility in Jefferson County (Golden Pass Products)

Exxon Mobil-Qatar venture seeks permit for Texas LNG plant

Golden Pass Products, a joint venture of Exxon Mobil Corp. and Qatar Petroleum International, has filed its formal application to build a liquefied natural gas export terminal in Sabine Pass.  More »
(Matthew Lloyd/Bloomberg)

BP to sell Panhandle gas fields to Pantera for $390M

A BP spokesman said Monday the company has struck a deal to sell off rights to a chunk of its natural gas-rich property in the Texas Panhandle for $390 million.  More »
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