Fuel Fix

Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Malware threatening offshore rig security

Malicious software unintentionally downloaded by offshore oil workers has incapacitated computer networks on some rigs and platforms, exposing gaps in security that could pose serious risks to people and the environment, cybersecurity professionals told FuelFix.  More »
Cosco's first LNG carrier being fitted out in Shanghai. The "Dapeng Sun" has a capacity of 147,000 cubic meters. (HerryLawford/Flickr)

Fight over gas exports is a prelude to oil exports brawl

The frenzy to sell more U.S. natural gas overseas has sparked a bitter, unseemly skirmish among Big Business that has such heavyweights as Dow Chemical Co. and GE squaring off over the prospect.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

West Texas Intermediate wanes as oil benchmark

A lingering gap between the prices of West Texas Intermediate crude and oil produced elsewhere is complicating the reliability of the longtime benchmark as the standard for pricing a barrel of black gold.  More »

(AP Photo/Greg Baker)

Sinopec to buy Chesapeake Energy assets for $1.02 billion

China Petrochemical Corp., the nation’s second-largest energy company, will pay $1.02 billion to buy 50 percent of Chesapeake Energy Corp. (CHK)’s Mississippi Lime assets, seeking to benefit from surging U.S. crude output.  More »
The Luminant Lake Hubbard natural gas power plant, a subsidiary of Energy Future Holdings Corp., stands in Dallas, Texas. Matt Nager/Bloomberg

Biggest LBO failure is Energy Future purgatory for KKR

Five years after their record- setting leveraged buyout of Energy Future Holdings Corp., KKR & Co. and TPG Capital are moving closer to a possible new milestone: the biggest bankruptcy of a private equity-backed company since the failure of Chrysler Group LLC.  More »
A worker repairs an oil pipeline at Rumaila oil fields, near the southern city of Basra, Iraq. (AP Photo / Nabil al-Jurani)

Iraqi groups fail to agree oil payments, lawmaker says

Iraq’s political factions failed to agree on the amount of money due to international oil companies working in the semi-autonomous Kurdish region, said Ammar Tohme, a lawmaker from the ruling coalition.  More »
Northeastern Alberta is a major oil sands production area. (Karen Warren / HOUSTON CHRONICLE)

Vt. towns mull oil sands, assault weapons ban

While Vermonters debate school budgets and whether to spend money on new equipment on Town Meeting Day, some communities also will take up resolutions opposing the transport of tar sands oil through Vermont and recommending a ban on assault weapons, following the mass school shooting in Connecticut.  More »
A shrimp boat is used to collect oil with booms in the waters of Chandeleur Sound, La. (AP Photo/Eric Gay)

BP fires back: Gulf spill caused by multiple failures, not only its own

Promises BP made to its investors drove the company’s decisions to choose speed over safety, a lawyer for plaintiffs suing the British oil giant said as a civil trial began Monday. As a result, BP rushed its Gulf of Mexico well, leading to the 2010 oil spill disaster.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron enters Australian shale with Beach Energy partnership

Chevron Corp., the second-largest U.S. energy company, agreed to pay as much as $349 million to join Beach Energy Ltd. in a natural gas exploration campaign in central Australia in its first shale investment in the country.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

On eve of oil spill trial, no deal reached

As of Sunday evening, the trial in federal court in New Orleans was moving forward as scheduled and no deal had been reached, according to people familiar with the matter.  More »
(Cody Duty / Houston Chronicle)

Southern segment of Keystone XL is halfway finished

While the debate continues over whether the United States will approve a proposed oil conduit from Canada to the Gulf Coast, the segment from Cushing, Okla., to the Texas Gulf Coast is halfway toward completion and could be transporting oil by the end of the year.  More »
The Ain Amenas gas field in Algeria, where Islamist militants raided and took hostages Wednesday Jan. 16, 2013. (AP Photo/Kjetil Alsvik, Statoil via NTB scanpix, File)

Algerian gas plant in terror siege resumes work

A gas installation in Algeria that was the site of a terrorist attack last month that left 37 hostages dead partially resumed production Sunday, as the head of the state-owned energy company said he would request armed personnel for energy plants to help prevent future assaults on sites that can be hundreds of miles from the nearest city.  More »
Sunlight illuminates a lingering oil slick off the Mississippi Delta on May 24, 2010. (NASA Goddard Photo and Video/Flickr)

Feds: BP its own worst enemy in civil trial

BP’s own statements, and analyses prepared by people it hired, may make it difficult to defend itself against billions of dollars more in penalties related to the 2010 Gulf of Mexico oil spill. As a civil trial is set to get under way in federal court Monday in New Orleans over a web of litigation related to the disaster, the U.S. government believes it has an ace in the hole – the British oil giant itself.  More »
A drilling site in the Haynesville Shale. (James Nielsen/Houston Chronicle file photo)

West Texas shale could dwarf Eagle Ford

Texas is awash in oil and gas, with rigs proliferating from the Permian Basin to the Haynesville Shale. Now, another shale play in West Texas is causing a stir, with early estimates of recoverable reserves at 30 billion barrels of oil.  More »
(Photo: James Nielsen, Houston Chronicle)

Supreme Court won’t hear pipeline case

The Texas Supreme Court denied LaSalle Pipeline LP’s request to review a $605,000 jury award to a Texas landowner when jurors agreed that his entire family ranch — not simply the portion the pipeline itself traverses — would be devalued by the presence of a pipeline.  More »