Fuel Fix

Oil gushes from BP's Macondo well in the Gulf of Mexico on July 12, 2010. (AP Photo/BP)

BP headed for trial as Gulf states claim $34 billion for spill

BP Plc may not reach a settlement over civil claims from the 2010 Gulf of Mexico oil spill before a trial this month, analysts said, as U.S. states demand an additional $34 billion in damages.  More »
Firefighters belonging to the Tacubaya sector and workers dig for survivors after an explosion at an adjacent building to the executive tower of Mexico's state-owned oil company PEMEX, in Mexico City, Thursday Jan. 31, 2013. A large explosion occurred in the lower floors of the building and dozens have been reported injured so far. (AP Photo/Guillermo Gutierrez)

Pemex workers return with source of gas buildup still unknown

Petroleos Mexicanos employees return today to their Mexico City headquarters where 37 people died last week as authorities search for the source of a gas buildup that caused the nation’s deadliest explosion since 2006.  More »
(AP file photo/Reed Saxon)

Occidental Petroleum seeks to build Texas ethylene plant

Occidental Petroleum Corp. (OXY) applied to build an ethylene plant in Texas, the latest company to propose new capacity for the region as booming shale gas supplies cut costs for U.S. chemical makers.  More »

A oil transit pipeline runs across the tundra on Alaska's North Slope. (AP Photo/Al Grillo, File)

Industry: Good points, problems with Alaska oil tax bill

Gov. Sean Parnell’s plan to overhaul Alaska’s oil tax structure is a positive step toward improving the state’s business climate but there’s room for improvement, one of the North Slope’s major players says.  More »
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

NY comptroller: Cabot to reduce fracking risk

The trustee of New York’s $150.1 billion pension fund has reached an agreement with Cabot Oil and Gas Corp. to disclose what it’s doing to reduce risks of hydraulic fracturing, or fracking.  More »
An injured person is carried into an ambulance after an explosion at an adjacent building to the executive tower of Mexico's state-owned oil company PEMEX, in Mexico City, Thursday Jan. 31, 2013. An explosion at the main headquarters of Mexico's state-owned oil company in the capital killed more than 10 people and injured some 80 as it heavily damaged three floors of the building, sending hundreds into the streets and a large plume of smoke over the skyline. (AP Photo/Eduardo Verdugo)

Natural gas suspected in Mexico oil company blast

A water-heating system may have leaked natural gas into a tunnel beneath the Pemex headquarters, adding fresh detail to the narrative of the petroleum giant’s fatal explosion.  More »
Former Interior Secretary Bruce Babbitt speaks at the National Press Club in Washington, D.C. (Photo: James Kegley)

Bruce Babbitt pitches plan for balancing drilling, conservation

Oil and gas development on public lands is edging out public conservation under President Barack Obama, former Interior Secretary Bruce Babbitt said Tuesday.  More »
An Anadarko Petroleum Corp. drilling rig in Colorado's Wattenberg play drills into the Niobrara rock formation. Anadarko has added to its rig count in Colorado to grow production there 22 percent in the fourth quarter of 2012.

Rockies rush boosts Anadarko’s earnings

A rush of oil from the Rockies helped to boost profits for Anadarko Petroleum Corp., a shift that captured the attention of analysts as executives detailed the company’s earnings on Tuesday.  More »
The reactor building at the Crystal River Nuclear Plant in Florida, which  Duke Energy plans to permanently close. (AP Photo/Will Vragovic, Pool, File)

Duke Energy to close troubled Fla. nuclear plant

The largest U.S. electricity company said Tuesday it will permanently close a Florida nuclear power plant after botched repairs and use $835 million from an insurance settlement to refund consumers forced to pay for higher-cost replacement power.  More »
Delegates to the Winter NAPE event walk to the International Pavilion as the show opens at the George R. Brown Convention Center on Tuesday, Feb. 5. 2013, in Houston. (Brett Coomer / Houston Chronicle)

NAPE opens with an international flavor

The NAPE Winter Conference — formerly known as the North American Prospect Expo — opened Tuesday with an international show, a chance for advocates from countries around the world to hawk their prospects.  More »
IHS-CERA Chairman Daniel Yergin (Houston Chronicle file photo/Ben DeSoto)

Analysts: Energy policy not keeping pace with technology

The United States’ energy landscape has been turned upside down by new technologies, but federal policy hasn’t kept pace with the transformation, experts told a House panel on Tuesday. “Our thinking needs to catch up with reality,” energy expert Daniel Yergin told lawmakers.  More »
(Photo: Matt Churchill/Flickr)

Energy experts pitch policy ideas in D.C.

Energy security and environmental conservation are topics of the day in the nation’s capital. Follow our D.C. reporter Jennifer Dlouhy as she live Tweets the debates.  More »
Anti-fracking protesters crowd the New York State Capital on Feb. 4, 2013. (Paul Buckowski / Times Union)

Fracking opponents grill NY environmental chief

New York Department of Environmental Conservation Commissioner Joe Martens endured a three-hour grilling by state officials on Monday, in a hearing room packed with hydraulic fracturing opponents. Martens was taken to task for an unreleased DEC assessment of the potential human health impacts of hydrofracking.  More »

Diamond Drilling earnings fall 13 percent

Diamond Offshore Drilling’s fourth-quarter earnings tumbled 13 percent from last quarter, as the company still struggles with the cost of increased industry regulation and rising costs of operating in challenging environments, such as Egypt.  More »
The Deepwater Horizon drilling rig burns in the Gulf of Mexico on April 21, 2010, the day after the blowout of BP's Macondo well. (Associate Press photo)

BP loses some federal contracts due to spill

BP was ineligible for new contracts worth up to $1.9 billion to provide fuel to the federal government this year because of the suspension imposed over the company’s conduct in connection with the 2010 Gulf of Mexico oil spill, records show.  More »