Fuel Fix

The Valero Refining Company, in Corpus Christi. (AP Photo/Paul Iverson)

Barclays calls refineries top stocks for 2013

Refining stock prices are undervalued by about 50 percent, Barclays wrote in a 2013 Global Energy Outlook issued on Wednesday. But the investment bank cautioned investors on Big Oil stocks, amid declining production.  More »
Vessels monitor a oil burn in the area of the Deepwater Horizon disaster on the Gulf of Mexico in 2010. (Dave Martin/AP)

BP ignored Halliburton’s risk warning, witness says

A Halliburton engineer says he advised BP that the well had a “severe risk” of natural gas leaks with only six stabilizers.  More »
The solar-powered Solar Impulse airplane flies over Ouarzazate Province in June 2012. (Solar Impulse)

Solar-powered plane to make Texas stop during historic journey

The world’s first plane powered purely by solar energy will stop in Dallas during an historic cross-country journey this spring, the plane’s creators announced Thursday.  More »
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Laura Spanjian, the sustainability director for the City of Houston, speaks to business, community and environmental leaders about the city's push to make solar energy a priority. (Harry R. Weber)

Advocates pushing solar for Houston businesses

The city of Houston has come a long way in encouraging homeowners to go solar, but businesses are lagging behind because tax and financial incentives are insufficient, policymakers and environmentalists said Wednesday.  More »
Interior Secretary Sally Jewell speaks during a Senate Energy and Natural Resources Committee hearing in March.  (Andrew Harrer/Bloomberg)

Environmentalists push for broader Arctic drilling probe

Drawing on comments filed by a half million Americans in opposition to Arctic drilling, environmentalists are urging President Barack Obama’s nominee for Interior secretary, Sally Jewell, to halt exploration in the region.  More »
(Photo: Brian Turner/Flickr)

Testimony ends in marathon gasoline additive trial

Testimony has ended in a marathon trial over whether Exxon Mobil Corp. should pay the state of New Hampshire hundreds of millions of dollars to monitor and treat private wells and public drinking supplies contaminated by the gasoline additive MTBE.  More »
A protester identified as Perry Graham displays a banner from the flagpole at the downtown offices of LyondellBasell, opposing a refinery expansion that would process Canadian crude transported in the Keystone XL Pipeline. (Nick de la Torre/Houston Chronicle)

Protester unfurls anti-Keystone banner at refiner’s office

A man climbed a flagpole in front of LyondellBasell’s downtown Houston office in protest of a refinery expansion related to the Keystone XL pipeline.  More »
A mining engineer holds a sample of bitumen at Suncor Energy in Alberta, Canada.  (Karen Warren/Houston Chronicle file photo)

More price volatility ahead for Canadian crude

Even with new rail and pipelines to move growing crude supplies, export capacity for Canadian crude will compete with North Dakota supplies, keeping prices volatile, according to a new report from Wood Mackenzie.  More »
Marty Durbin, executive vice president of the American Petroleum Institute, speaks to a reporter during a rally supporting hydraulic fracturing at the Corning Preserve in Albany, N.Y. (Lori Van Buren / Times Union)

Policy key to growing natural gas demand, new ANGA chief says

Martin Durbin, the newly tapped CEO for America’s Natural Gas Alliance, told FuelFix in a Wednesday interview that natural gas producers need to do more work in state legislatures and on Capitol Hill to advance policies that will grow demand for the fossil fuel.  More »
Growing concern about water use during hydraulic fracturing prompted the Railroad Commission to adopt new rules for water recycling.  Photo: Daniel Acker/Bloomberg

Regulator eases rules to encourage frac water recycling

In an acknowledgement of growing public concern about water use in hydraulic fracturing, the Texas Railroad Commission this week adopted rules to encourage recycling and reduce the use of fresh water.  More »
(San Antonio Express-News)

Valero confirms retail spinoff set for mid-year

Valero Energy Corp.’s planned spinoff of its retail stores remains on track to occur during the second quarter, pending IRS confirmation that its shares can be treated as a tax-free distribution to shareholders, Valero Chief Financial Officer Mike Ciskowski said Tuesday.  More »
Khaled al Otaiby, an official of the Saudi oil company Aramco watches progress at a rig at the al-Howta oil field near Howta, Saudi Arabia in 1997. (AP file photo/John Moore)

Saudi Aramco to become lead oil refiner, chief says

Saudi Arabian Oil Co., the world’s biggest crude exporter, also expects to become the top producer of refined products such as fuel and petrochemicals, according to Khalid al-Falih, the company’s chief executive.  More »