Fuel Fix

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Hess quarterly profit more than doubles on asset sale gains

Hess Corp., the oil company that’s in a proxy battle with billionaire Paul Singer’s Elliott Management Corp., said first-quarter profit more than doubled on gains from asset sales.  More »
Boudin, a pork and rice sausage popular in Louisiana, is seen in the cooler for sale at the Country Store market where it was made in Pennsdale, Pa. (AP Photo/Genaro C. Armas)

Gas industry gives Pennsylvania a taste of the South

Thanks to an influx of Southerners filling jobs in north-central Pennsylvania’s booming natural gas industry, a region not often placed on many culinary maps is finding itself flush with the foodways found below the Mason-Dixon line.  More »
Photo: Timothy A. Clary/AFP/Getty Images

Western Gulf lease sale set for Aug. 28

Oil and gas companies will have a chance to buy drilling rights on more than 21 million acres in the western Gulf of Mexico during a lease sale in August.  More »
Construction at Chevron Phillips Chemical Company's Cedar Bayou Plant in Baytown will benefit from a smaller expansion that will begin soon at the Sweeny complex in Brazoria County. ( Melissa Phillip / Houston Chronicle )

Report: Petrochemical plants see big benefits from low-cost gas

Standard & Poor’s reports that low-cost shale gas will continue to give North American petrochemical plants an advantage over their European counterparts.  More »
(Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images)

Exxon boosts dividend 11 percent

Exxon Mobil Corp. boosted its cash dividend 11 percent for the second quarter, the company said Wednesday as it declared a 63 cent payout per share to its owners.  More »
Greg Thiergart, a radio communication technician with CenterPoint Energy, works on a smart meter project in Houston. (Houston Chronicle file photo/Johnny Hanson)

Texas lawmakers give utilities a tax boost

The Texas Senate passed a bill on Tuesday afternoon that would remove the ability of state regulators to review tax payments in calculating future utility rates increases.  More »
Daniel Yergin, IHS CERA Chairman, at CERAWeek 2010 (Photo: Houston Chronicle)

Columbia opens energy policy center with A-list speakers

Columbia University wants a bigger presence in the energy game. The New York school launched its Center on Global Energy Policy on Wednesday with a collection of high-profile speakers from the industry, including corporate executives and oil and gas experts.  More »
Sen. Mary Landrieu, D-La., talks to reporters in Metairie, La., in 2007.  (AP Photo/Alex Brandon)

Baucus’ retirement could put Louisiana Democrat in charge of energy panel

Sen. Max Baucus’ decision to retire sets in motion a chain of events that could end with Sen. Mary Landrieu taking the helm of the Energy and Natural Resources Committee, putting the Louisiana Democrat in the driver’s seat for big debates on offshore drilling and natural gas production.  More »
Phil McNabb of Oceaneering International shows off the WASP Atmospheric Diving System during the Offshore Technology Conference at Reliant Center in 2002. (Melissa Phillip/Chronicle)

Oceaneering profits hit all-time high

Oceaneering International Inc., the world’s largest provider of underwater robots to the oilfield, climbed to an all-time high after beating profit expectations, raising earnings guidance for the year and boosting its dividend.  More »
(Image: Fotolia)

After big fourth quarter, energy deals decline

Energy industry mergers valued at more than $50 million dropped in the first three months of the year compared to the frenzied fourth quarter, but rose over the first quarter of 2012.  More »
Vessels monitor a oil burn in the area of the Deepwater Horizon disaster on the Gulf of Mexico in 2010. (Dave Martin/AP)

Anadarko seeks dismissal of investor suit over Gulf spill

Anadarko Petroleum Corp., a partner in the BP Plc (BP/) well that was the source of the largest U.S. offshore spill, is set to ask a federal judge in Texas to throw out a lawsuit claiming the company misled investors over the project’s risks before and after the blowout.  More »
(AP Photo/Hasan Jamali)

Iran moves away from oil to withstand sanctions, minister says

Iran’s finance minister says his country’s economy is adapting to Western sanctions by finding new markets for agriculture and mining products after oil exports plunged by almost half.  More »