Fuel Fix

(Enterprise Products Partners)

Enterprise Products profits rise as new projects launch

Enterprise Products Partners reported Tuesday that quarterly net income attributable to its limited partners rose 16 percent to $754 million from $651 million for the first quarter of 2012.  More »
Sen. David Vitter, R-La. (AP Photo/Bas Czerwinski)

BP to fund $340 million in early restoration projects in Gulf

BP will pay $340 million toward the up to $1 billion the company agreed to pay in early restoration projects in states impacted by the 2010 Gulf of Mexico oil spill, Republican U.S. Sen. David Vitter of Louisiana said Tuesday.  More »
A boat is surrounded by oil near the site of the Deepwater Horizon accident in June 2010. (Smiley N. Pool / Houston Chronicle)

Judge orders some BP attorney materials turned over in Gulf oil spill case

A judge has ordered BP to turn over to the U.S. government and Transocean some previously withheld documents that involve discussions by its lawyers about how to prepare the company’s responses to investigative inquiries about the amount of oil that was flowing after the 2010 Gulf of Mexico disaster.  More »
Interior Secretary Sally Jewell (Andrew Harrer/Bloomberg)

Feds set to unveil hydraulic fracturing rule within weeks

The Obama administration is set to unveil federal regulations governing hydraulic fracturing and drilling on public lands within weeks, Interior Secretary Sally Jewell said Tuesday.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Feds double Bakken, Three Forks resource estimate

A new government assessment of the Bakken and Three Forks formations found that they contain an estimated mean of 7.4 billion barrels of undiscovered, technically recoverable oil, twice as high as previous estimates.  More »
The Claw, used to recover topside wells underwater, was one of the most talked about technologies at OTC 2012. It was developed by Versabar in response to requests by Chevron to minimize the need for human divers in salvage and decommissioning efforts. (Versabar)

Offshore Technology Conference: the final countdown

More than one in four attendees at the OTC last year were from outside the U.S.  More »
Cameron Wallace, left, and Eric Poller, a subsea engineer for Helix Well Ops, look at a new oil spill-containment system developed by Houston's Helix Energy Solutions.  (Michael Paulsen/Houston Chronicle)

Feds launch test of Helix offshore spill containment system

In deep Gulf of Mexico waters on Tuesday, federal regulators and the oil industry launched a drill meant to test whether emergency equipment and first responders are ready to tackle an out-of-control subsea well.  More »
contango logo

Contango Oil & Gas and Crimson Exploration agree to merger

The two Houston-based independents say the deal is worth $390 million.  More »
Fleet vehicles, like this Waste Management truck, remain a more promising market for natural gas fuel than private cars. (AP Photo/Gene J. Puskar)

Companies driven toward natural gas vehicles as oil soars

For AT&T Inc. (T), the decision to introduce natural gas vehicles to the company’s fleet in 2008 proved well-timed, as the price gap between gas and diesel soared to an all-time high that summer.  More »
(AP file photo/Sue Ogrocki)

Refining margins push Valero profits

Valero reported net income attributable to Valero stockholders of $654 million, or $1.18 a share, for the period ended March 31. That compares with a net loss of $432 million, or 78 cents a share, for the first quarter of 2012.  More »
BP's Bob Dudley speaks at CERAWeek 2013. (Johnny Hanson/Houston Chronicle)

BP reports wider quarterly profit on TNK-BP sale

British oil giant BP reported Tuesday its first-quarter profit nearly tripled as it recorded a big gain from the sale of its 50 percent stake in Russian joint venture TNK-BP to Rosneft. But the company’s gulf oil spill liabilities remain uncertain.  More »
Kristian Helgesen/Bloomberg

Oil ties between Texas and Norway grow stronger

An informal relationship going back decades became official with the launch of the NorTex Research Collaborative, linking researchers in Texas and Norway.  More »