Fuel Fix

(Photo: Flickr, Caston_Corporate)

CEO switch: Duke Energy seeks delay in testimony

Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors about the surprise CEO switch at the top of America’s largest electric company.  More »
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

Debate over Talladega drilling continues

Although the lease of lands in the Talladega National Forest by the Bureau of Land Management and the Forest Service has been postponed, many don’t consider the fight to be over just yet.  More »
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pa. (AP file photo/Andrew Rush)

Moody’s downgrades Linn Energy outlook based on aggressive acquisitions

Moody’s Investors Service downgraded Linn Energy’ rating outlook from stable to negative because of acquisitions that have raised the Houston E&P company’s debt.  More »
Drillships work near the Tahiti field in the deepwater Gulf of Mexico. (Simone Sebastian/Houston Chronicle)

Power grid in sea reaches for new depths

Offshore operators racing to extract more oil from under deep waters have a vision of one day running wells remotely from land, reducing the need for multibillion dollar offshore production platforms.  More »
In this Saturday, July 14, 2012 photo provided by Capt. Kristjan B. Laxfoss, a Shell drilling ship drifts near shore near Dutch Harbor on Unalaska Island, Alaska. The Coast Guard says an inspection of the Shell drilling ship that lost its mooring and drifted toward shore of an Alaska Island shows no signs of damage or grounding. Photo: Capt. Kristjan B. Laxfoss / AP

Coast Guard says no damage found on Shell drill ship

Coast Guard Lt. Jim Fothergill said video captured by divers shows no damage or signs of grounding by the 571-foot Noble Discoverer, which slipped its anchorage Saturday, drifting extremely close to shore. Two Coast Guard investigators were aboard the ship Monday during the divers’ inspection and witnessed the live video feed, Fothergill said  More »
Shell-Logo-323x300

Nigeria regulator seeks to fine Shell $5 billion

A Shell spokesman said the company did not believe there was “any basis in law for this fine.”  More »
(Nathan Lindstrom/For the Houston Chronicle)

Nabors says it won’t make its operating income targets for Q2

Nabors is lowering expectations for second-quarter financial results because of higher costs and lower prices in the competitive pressure pumping market.  More »
A canoe race at Pim-Poum Beach in Kourou, French Guiana. (Photo: Arria Belli)

Tullow Oil weighing options in Guyana

Tullow Oil is reassessing its approach in Guyana, but remains committed to pursuing oil there despite abandoning a well Monday because of safety concerns, a company spokesman said.  More »
The South Texas Project nuclear power plant near Bay City can generate 2,700 megawatts of electricity.(John Davenport / San Antonio Express-News)

Feds invite public to check out South Texas nuclear plant renewal

Federal regulators will discuss the proposal to renew operating licenses for the South Texas Project nuclear plant during an open house next month in Bay City.  More »
(Associated Press)

Public trust question lingers over emissions suit in Texas

A judge ruled in favor of a group of minors, including a 3-year-old boy, who sued the Texas Commission on Environmental Quality for failing to uphold the public trust doctrine by refusing to curb carbon emissions.  More »
Wade Youngblood, a production team leader, walks up a set of steps on the Helix Producer 1 in the Gulf of Mexico on Thursday, Feb. 24, 2011(Photo: Rusty Costanza/ The Times-Picayune)

Helix Energy announced oil discovery in Gulf of Mexico

Houston-based Helix Energy said it discovered oil at an offshore project off the coast of Galveston, officials said.  More »
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Cheaper gas keeps Houston consumer prices flat

Lower energy costs helped to push overall consumer prices in the Houston area down 0.6 percent during May and June, the U.S. Bureau of Labor Statistics reported Tuesday.  More »