Fuel Fix

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Apache announces new offshore Australia discovery

HOUSTON — Houston-based Apache Corp. announced Monday that it made its first offshore oil discovery in Australia’s Canning Basin, located off the west coast of the country. Officials with the company say their measurements indicate that, optimistically, there could be as much as 300 million barrels of oil in place at the basin. The company […]  More »
The Cameron International Building in Houston (Photo: Holliday Fenoglio Fowler)

Cameron to sell compressor business for $850 million

Houston oil field equipment maker Cameron International is selling its centrifugal compression business to an Irish industrial manufacturer for $850 million, it said Monday.  More »
A horizontal boring mill works on part of a pressure pump at the Fort Worth factory of FTS International, which has a joint venture with China's Sinopec to provide hydraulic fracturing technology. (Brandon Thibodeaux for the Houston Chronicle)

Hoping for its own shale gale, China seeks U.S. know-how

U.S. companies are entering joint ventures to provide China with the tools it needs to get at oil and gas locked in shale.  More »

This image provided by the U.S. Coast Guard shows the Shell drilling rig Kulluk aground off a small island near Kodiak Island  Jan. 1, 2013. (AP Photo/U.S. Coast Guard)

Administration studies Arctic requirements

The Obama administration is closer than ever to imposing the first minimum standards for oil and gas activity in U.S. Arctic waters, as Shell pursues permits that could allow it to resume drilling in the region next year.  More »
In this Aug. 8, 2014 file photo, Vic Fischer, a leader of the effort to repeal the oil tax system passed by Alaska state lawmakers in 2013, takes part in a sign-waving event on a busy street in Anchorage, Alaska. (AP Photo/Becky Bohrer, File)

Voters to decide fate of Alaska oil production tax

Ballot Measure No. 1 asks voters if they want to reject the 2013 law that supporters have dubbed the “More Alaska Production Act.”  More »
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Feds say firm pumped up stock with false claims about fracturing technolgy

Houston-based Chimera Energy and four individuals pumped up the company’s stock prices by falsely claiming to have technology for a water-free alternative to hydraulic fracturing, federal regulators allege.  More »
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Natural gas will dominate Texas electric growth, report says

Natural gas power plants will represent almost all the growth in Texas electricity generation until at least 2040, the U.S. Energy Department reports.  More »
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Obit indicates Arkansas man was Apache supervisor slain in Egypt

Details in an obituary indicate the Apache Corp. worker killed in Egypt last week was a 28-year company veteran who mostly recently lived in Fayetteville, Ark.  More »
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

Attorneys: BP not entitled to get Gulf settlement payments back

Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.  More »
A platform works on ConocoPhillips' Jasmine Field project in the North Sea. (ConocoPhillilps)

Show them the money; Feds to boost offshore bond requirements

With oil companies boring wells and building offshore facilities in ever-deeper waters, federal regulators on Friday moved to update decades-old requirements to ensure they have enough money to dismantle the equipment once crude stops flowing.  More »
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Tesoro names new executives

Refiner Tesoro Corp. is hiring two new executives, including a new chief financial officer and an executive vice president for strategy.  More »
(Nick De La Torre / Houston Chronicle)

Feds’ new LNG export plan benefits Cheniere

The Energy Department on Thursday upended the way it vets proposals to export liquefied natural gas, formally implementing a new approach that gives an advantage to projects that have already completed an expensive environmental review. The biggest winner under the new approach is Houston-based Cheniere Energy.  More »
A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Pipeline firm plans $1.75B gas lines in Northeast

A Houston company is planning to spend $1.75 billion on two new pipelines to carry Northeastern U.S. shale gas to nearby states and to systems that go to Gulf Coast and Midwestern markets.  More »
An Eagle Ford well near Kenedy, Texas. (Eric Gay/AP)

EIA: Eagle Ford to cross 1.5 million daily barrels in September

The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field.  More »
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Judge OKs BP’s subpoena of fed documents for now

A federal judge is allowing BP to negotiate the scope of a massive subpoena aimed at gathering government documents related to the Gulf of Mexico deep-water drilling moratorium.  More »