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Iran shrugs off oil sanctions at OPEC meeting

Iran’s oil minister on Thursday shrugged off the tightening international squeeze on his country’s oil exports, declaring that Tehran was not feeling the pinch and warning that an energy-hungry world could not do without Iranian oil and natural gas.  More »
(Photo: Patricia Santos, Associated Press)

Petrobras’s $236.5 billion plan boosts spending, cuts output

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled crude producer, cut its long-term output target by 11 percent and said spending will rise to $236.5 billion through 2016 as it increases investment at offshore oil fields.  More »
A Petrohawk Energy natural gas drilling site in the Eagle Ford Shale is shown in September 2009. (Jake Lacey/Houston Chronicle file photo)

Celanese plans Texas methanol plant to tap cheap gas

Celanese Corp. (CE), the world’s largest maker of acetic acid, plans to produce methanol outside Houston to supply its plants with the material derived from low-cost natural gas.  More »
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Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Chesapeake to renegotiate 4,400 NY gas leases

New York state Attorney General Eric Schneiderman says Chesapeake Appalachia has agreed to let more than 4,400 landowners renegotiate old gas leases for more favorable financial and environmental terms.  More »
(Photo: Truthland)

Movie criticizes claims made in Josh Fox’s “Gasland”

Oscar-nominated Gasland isn’t short of enemies in the energy sector.  More »
The Texas City Refinery is shown in March 2005. The facility now belongs to Marathon Petroleum. (AP file photo/Tony Gutierrez)

Thousands sue BP over Texas City emissions

More than 50,000 people have filed suit against BP, claiming they suffered ill health after the oil giant allegedly released thousands of pounds of toxic chemicals at its Texas City refinery in 2010, according to The Galveston County Daily News.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

Troopers step up enforcement in Eagle Ford Shale counties

Texas Department of Public Safety troopers from across the state are flocking to the Eagle Ford Shale region, where officers are stepping up enforcement in an effort to curb unsafe driving caused by the oil boom.  More »
A woman fills up her SUV at a California gas station. (Photo: FREDERIC J. BROWN/AFP/Getty Images)

Drivers can reap savings through gasoline loyalty programs

If you are looking to save at the pump, there is an easier way than scouting out the cheapest price in your neighborhood.  More »
(Photo: Flickr, Caston_Corporate)

Shell extends offer for Cove at lower price than PTT bid

Royal Dutch Shell Plc (RDSA) extended its offer to buy Cove Energy Plc (COV), an oil explorer focused on East Africa, without matching PTT Exploration & Production Pcl (PTTEP)’s higher bid for the firm.  More »
Statoil's Polar Pioneer drills in the Skrugard field in the Barents Sea. (Photo: Harald Pettersen/Statoil)

Statoil makes second ‘high-impact’ discovery off Tanzania

Statoil ASA (STL), Norway’s largest oil and gas producer, said it made a second “high-impact” gas find off Tanzania.  More »
Pete Cella, CEO of Chevron Phillips Chemical, speaks during the groundbreaking for a Baytown plant. The background is a backdrop screen. Photo: Melissa Phillip / © 2012 Houston Chronicle

New Chevron Phillips plant boosts Texas as chemical hub

The 1-hexene plant under construction at Chevron Phillips Chemical’s Cedar Bayou complex will be the world’s largest, and further illustrates Texas’ growth as a major international hub for a petrochemical industry benefiting from a surplus of cheap natural gas.  More »
Actor Kevin Costner, center, arrives at Federal Court in New Orleans with two unidentified women in New Orleans, Monday, June 4, 2012. Stephen Baldwin has sued Costner over their investments in a device that BP used in trying to clean up the massive Gulf of Mexico oil spill. The federal lawsuit filed in New Orleans by Baldwin and a friend claims Costner and a business partner duped them out of their shares of an $18 million deal for BP to purchase oil-separating centrifuges from a company they formed after the April 20 spill. (AP Photo/Bill Haber)

Baldwin accused of threatening to smear Costner

Stephen Baldwin threatened to feed personal information about Kevin Costner to The New York Times if the two actors couldn’t resolve their business dispute over millions of dollars in BP money after the 2010 oil spill in the Gulf of Mexico, a witness testified Wednesday at a trial for Baldwin’s lawsuit against Costner.  More »