Fuel Fix


Shell holds open season bids on Ho-Ho pipeline

Shell offers a supplemental open season for bids on its Houma-to-Houston pipeline, as the reversal starts partial operations.  More »

BHP Billiton to expand in Houston, lease new tower

BHP Billiton Petroleum said Monday it will hire hundreds of new employees and lease a 30-story office tower to be built at 1500 Post Oak Blvd. to accommodate its expanding shale business and future growth.  More »
An insurance broker from London inspects the ENSCO 8505, as he evaluates its prospects in the underwriting market. The rig is designed to operate in up to 8,500 feet of water and will be put to work in the Gulf in June. Photo: Emily Pickrell / HC

Ensco pumping investment into new rigs

Ensco, one of the leading offshore service providers, is aggressively investing its resources, gambling that robust dayrates of up to $600,000 per day for offshore platforms will make up for the costs of maintaining and upgrading its fleet.  More »

(Image: Fotolia)

Execs pitch plan to boost oil production

Business executives on Monday unveiled a plan to rev up the U.S. economy by producing more oil and gas, supporting renewable power and taking a hands-off approach to regulation.  More »
Apache Corporation operates in the Gulf of Mexico. (Apache Corp.)

Steffy: Real-life case shows how to avoid a Gulf disaster

In the response to what could have been another disaster in the Gulf of Mexico, we see an example of how companies ought to react.  More »
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 »

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 »
(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 »