Fuel Fix


Feds charge 15 with scamming BP oil spill fund

Fifteen people were charged Thursday with felony fraud for allegedly filing bogus claims for help after the 2010 BP oil spill in the Gulf of Mexico.  More »
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Barnett Shale gas to remain profitable, study finds

A study of the Barnett Shale found that, while production from the North Texas field will decline through 2030, there’s still an enormous resource to tap profitably, even at relatively low natural gas prices, according to a study by the University of Texas at Austin.  More »
A lawsuit alleges Texas City residents were sickened by 2011 emissions from BP's Texas City Refinery, now owned by Marathon Petroleum.

No injuries reported in blaze at Texas City refinery

A fire broke out Thursday at the Texas City refinery where a 2005 explosion killed 15 workers.  More »

(Mayra Beltran / Houston Chronicle)

Shell projects natural gas could become world’s energy backbone

Natural gas could become the backbone of the world’s energy system within two decades, displacing coal as a major electricity source and helping to trim global greenhouse gas emissions, Royal Dutch Shell predicted Thursday.  More »
An oil pump operates in the desert oil fields of Sakhir, Bahrain, at sunset. (AP Photo/Hasan Jamali)

Oil ends lower as commodities retreat

Benchmark crude fell 71 cents to $92.05.  More »
Tracy Olson/Flickr

ConocoPhillips may fund spending with cash and debt

ConocoPhillips said it may use cash, debt and asset sales to fund its dividend and capital spending as it waits for production to rise. The company is targeting “consistent” dividend increases, leaders said at the analyst meeting Thursday.  More »
(Photo: Rowan Cos.)

Rowan benefits from deep-water focus

Rowan earned $54.1 million in the fourth quarter of 2012, or 44 cents a share, up 19 percent from $45.1 million, or 27 cents a share, in the fourth quarter of 2011.  More »
Steam rises from the cooling towers of nuclear reactors at Georgia Power's Plant Vogtle, in Waynesboro, Ga. The U.S. Nuclear Regulatory Commission is expected to vote Thursday, Feb. 9, 2012 on Southern Company's application to begin full construction of the nation's first new nuclear units in 30 years at Plant Vogtle. (AP Photo/Mary Ann Chastain, File)

New nuclear plant over budget

Atlanta-based Southern Co. said Thursday that Plant Vogtle, a first-of-its-kind nuclear plant under construction in eastern Georgia, will go over budget.  More »

Apache: Gulf well control operations complete

Apache Corp. says well control operations at a gas well 50 miles off the Louisiana coast have been completed.  More »
Chevron's Jack and St. Malo fields are located about 280 miles south of New Orleans, in 7,000 feet of water. Its latest test well was more than 5 miles below sea level. (Graphic: Chevron)

Chevron ultradeep well shows high production

Chevron said Thursday that a test well at the St. Malo field, more than 5 miles below sea level, had a high rate of oil production, an indicator of the promise of an emerging field in the Gulf of Mexico.  More »
A crewman directs a pipe for the southern leg of TransCanada's Keystone XL project as it's lowered into the ground in Wood County, Texas. The northern portion is awaiting approval by the Obama administration. (Cody Duty / Houston Chronicle)

Canadian government hopes US will do ‘right thing’ on Keystone

Canada’s Natural Resources Minister Joe Oliver said the government is hopeful that the United States will do the “right thing” and approve TransCanada Corp.’s Keystone XL pipeline.  More »
(Ken Childress/Rosetta Resources)

Rosetta Resources names new CEO

Houston’s Rosetta Resources, an independent oil and gas company, this week announced new top leadership.  More »
(Image: Fotolia)

Eagle Ford crude selling for far above threshold

The threshold level for drilling a profitable oil well in the South Texas oil and gas field is somewhere between $50 and $57 a barrel, a Baker Hughes executive said Wednesday.  More »
An undated photo provided by the Energy Department shows crude oil pipes at the Bryan Mound site near Freeport, Texas. (AP Photo/Energy Department).

Oil field services value to jump 72% by 2017

Booming exploration and production is expected to pus the total value of oil field services to $213 billion over the next five years, according to GBI Research.  More »
(AP Photo/Gerald Herbert, File)

Timeline: The Gulf oil spill’s legal war

Nearly three years after BP’s Macondo well blew out and spewed millions of barrels of oil into the Gulf of Mexico, the legal wrangling continues. View the complex web of lawsuits and criminal indictments that have followed the worst offshore oil spill in history.  More »