Fuel Fix

Chevron's Gorgon LNG project is about 55 percent complete as of February 2013 and is expected to be up and running in 2014. The facility will produce 450,000 barrels of oil equivalent per day.  A causeway extends 1.3 miles from the plant, located on Barrow Island off of Australia's west coast, with foundation structures for the plant's liquefied natural gas jetty (bottom left) rising from the water. (Photo: Chevron)

Chevron find adds to Australia growth

Chevron made a new discovery of natural gas off of Australia’s west coast, adding to other recent exploration successes in a key region for the company.  More »
Sugarcane is harvested in Brazil for BP's Tropical ethanol plant, part of BP's biofuels expansion in the South American country. (Marc Morrison/BP)

Lawmakers pitch plan to tweak renewable mandate

Lawmakers have unveiled the first major proposal to rewrite a mandate forcing refiners to blend biofuels into gasoline, amid a growing outcry against the eight-year-old requirement.  More »
Gas prices are expected to hold steady in Texas over the holiday weekend. (AP Photo/Alex Brandon)

Gas prices start spring climb early

Gas prices usually climb as winter winds down, but this season’s upswing is starting unusually early — and may end up matching the peak spring prices of the past two years.  More »

Pres. Barack Obama (AP file photo/Charles Dharapak)

Commentary: Let’s inaugurate a term of energy realism

If he is successful, Pres. Obama will raise taxes on domestic oil and gas producers, throwing a wrench into progress. The energy boom, new investment and job creation will be slowed dramatically.  More »
Noble's exploration in the eastern Mediterranean (Image: Noble Energy)

Noble Energy profits boom in fourth quarter

Noble Energy banked $251 million in the fourth quarter, after recording a loss a year earlier, demonstrating that its focus on high-performance plays is paying off.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

Gas exports won’t hurt US edge, expert says

The federal government probably will approve wider liquefied natural gas exports, and that won’t hurt plans for multibillion-dollar chemical plants along the Texas coast and elsewhere, a leading economist said Wednesday in Houston.  More »

BP investors allowed to add more statements to fraud case

BP Plc’s investors can add more claims to a multibillion-dollar lawsuit accusing the company of lying before and after the 2010 Gulf of Mexico oil spill, a U.S. judge ruled.  More »
(Image: Fotolia)

SEC settles insider trading case with Houston man

U.S. securities regulators settled an insider-trading case with a Texas man who allegedly bought National Semiconductor Corp. shares based on a tip about its acquisition gleaned from his wife, a lawyer whose firm consulted on the deal.  More »

Statoil profits halved in Q4 on lower oil prices

Norwegian oil company Statoil ASA says its fourth-quarter profits plunged 50 percent as revenue dropped because of lower oil and gas prices.  More »
A liquefied natural gas tanker arrives in Houston in 2008, shortly after the Freeport LNG terminal began operations. (Steve Campbell / Houston Chronicle)

Japan’s TEPCO gears up for US shale gas imports

Tokyo Electric Power Co., operator of the devastated Fukushima Dai-Ichi nuclear power plant, plans to buy liquefied natural gas from the LNG terminal in Cameron Parish, Louisiana, raising expectations Japan will tap into the U.S. shale gas boom.  More »
One well struck oil at Spindletop in 1901. Two years later, the hill was covered with derricks. Now a new group wants to drill even deeper.

Oilmen hope to make new history at Spindletop

The name evokes an oil discovery that made history. When a well piercing the salt dome near Beaumont first gushed in 1901, it introduced a cheap supply of commercial energy that transformed the oil industry and American life.  More »
Ken Ilgunas arrives at the Beaumont city limits Tuesday afternoon after following the path of the proposed Keystone XL pipeline originating in Hardisty, Alberta in Canada. He's hiked the more than 1,700 miles since mid-September 2012. (photo/Pete Churton)

Man walking route of Keystone XL

BEAUMONT–Ken Ilgunas will reach the end of a very long walk Thursday that took him from the source of the Keystone XL pipeline in Hardesty, Alberta, a province in western Canada, to its terminus in Port Arthur near the Valero Energy Corp. refinery.  More »

Tesoro posts quarterly profit

San Antonio-based Tesoro Corp. swung to a profit in the fourth quarter, but its earnings were diminished by a charge related to its decision to close its refinery in Hawaii.  More »
The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford shale. (Photo: John Davenport, San Antonio Express-News)

Valero CEO touts company’s advantages

Valero Energy Corp. has advantages over its competitors because of the San Antonio refiner’s increasing production of high-margin distillates and its low operating costs, CEO Bill Klesse said Wednesday at a conference.  More »
Plains All American Pipeline displays its company logo on storage tanks at the crude oil hub in Cushing, Okla. (Plains All American)

Plains All American earnings up on strong demand

Plains All American Pipeline reported Wednesday a 15 percent jump in net income attributable to Plains for the fourth quarter, bringing in $320 million for the three-month period.  More »