Fuel Fix

Welders work on a joint between two sections of pipe during construction of Keystone XL's southern leg in Prague, Oklahoma. (Daniel Acker/Bloomberg)

Industry touts economic effect of Keystone’s southern leg on Texas

A business association whose members include some of the world’s biggest energy companies is urging the administration to approve the controversial Keystone XL pipeline, arguing that the southern portion of the project has already shown the positive economic effect the infrastructure can have on the country.  More »
(AP Photo/J. Scott Applewhite)

House passes bill to speed up natural gas exports

The House voted Wednesday to force the Obama administration to accelerate its scrutiny of dozens of proposed natural gas export projects, responding to energy companies’ clamor to sell the fossil fuel to Japan, Thailand and other countries. Houston Democrat Gene Green helped broker a critical compromise on the bill.  More »
Houston Ship Channel (AP file photo/Pat Sullivan)

US export decision deals blow to some Gulf Coast refiners, processers

The decision to allow two Texas companies to export a minimally distilled variety of ultralight oil is a win for Eagle Ford Shale crude producers, at the expense of refiners and companies planning to build processing plants along the Gulf Coast. Refiners were feeling the pain on Wall Street Wednesday.  More »
(Image: Fotolia)

Colorado city rejects fracking moratorium

Five other municipalities in Colorado have voted to limit or ban hydraulic fracturing, an action that state oil and gas regulators have said isn’t permitted.  More »
(Michael Paulsen / Houston Chronicle)

Federal report gives Texas wind power lines high marks

Since the CREZ power lines were completed, incidents of both wind curtailment and wind-related negative electricity prices have decreased in Texas, suggesting the projects have largely succeeded at their mission.  More »
An abandoned watchtower and lines of barbed wire are seen surrounding Iraq's largest oil refinery as smoke rises from a petroleum gas flare, in the city of Beiji, north of Baghdad. (AP Photo/Ivan Sekretarev, File)

Iraq militants launch fresh raid on oil refinery

Sunni militants launched a dawn raid Wednesday on a key Iraqi oil refinery they have been trying to take for days but were repelled by security forces, a commander on the scene said.  More »
BP economist Mark Finley talks about  global market forces and their impact on oil prices at the University of Houston late Tuesday.  (Collin Eaton/Houston Chronicle)

US shale boom offsetting oil lost in Middle East unrest

Without the surge in U.S. crude production, markets would have demanded higher prices, the U.S. would likely have released oil reserves from its strategic stocks, and high prices would have threatened the nation’s economic recovery, says economist Mark Finley.  More »
(AP photo)

Koch to start European power trading as it plans LNG expansion

Koch Supply & Trading will start buying and selling European electricity and expand its liquefied natural gas business to take advantage of a globalizing market for the fuel.  More »
Facing growing concerns about the links between earthquakes and drilling, the Texas Railroad Commission on Tuesday proposed new rules for injection wells.
(martinluff/Flickr)

Officials shut drilling waste well after second quake

Colorado regulators have ordered the shutdown of an oil and gas wastewater disposal well east of Greeley after seismologists detected two earthquakes in the area in less than a month.  More »
Greg Thiergart, a radio communication technician with CenterPoint Energy, works on a smart meter project in Houston. (Houston Chronicle file photo/Johnny Hanson)

Crumbling US grid gets jolt driving smart Houston power

When fully deployed, CenterPoint’s intelligent grid will give the utility unprecedented control and insight into its almost 50,000 miles of power lines and systems.  More »
Money Roll

France sells stake in GDF to raise $2 billion for Alstom

France sold a $2 billion stake in GDF Suez SA, the country’s largest natural-gas distributor, as it seeks cash to buy a holding in Alstom SA.  More »
Yellow oil barrels

Oil fluctuates as traders eye Iraq, US output

The price of crude oil fluctuated on Wednesday as investors monitored the turmoil in Iraq and weighed a report claiming U.S. export controls would be loosened.  More »