Fuel Fix

The Motiva refinery in Port Arthur, Texas.

New Motiva crude unit faces months-long repair

Weeks after a ceremony marking a $10 billion expansion, Motiva has shut down a major new unit of its Port Arthur refinery and authorities are investigating a chemical leak and small fires that have tarnished the project’s startup.  More »
Chesapeake Energy-board.JPEG-0bdd2

Chesapeake shares drop after report of land talks

Chesapeake Energy Corp.’s already-battered stock dropped more than 8 percent Monday after a published report suggested the natural gas giant colluded with a Canadian company to depress land prices.  More »
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)

Encana starts probe after Chesapeake e-mails report

Encana Corp. (ECA), Canada’s biggest natural gas producer by volume, is investigating a news report of e-mails between it and Chesapeake Energy Corp. (CHK) regarding land-lease bidding in Michigan.  More »
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Money Roll

KKR raises $4 billion for deals in infrastructure, energy

KKR & Co. (KKR), the private-equity firm run by Henry Kravis and George Roberts, has gathered about $4 billion to invest in infrastructure and energy deals as the firm looks beyond corporate takeovers.  More »
A worker removes the oil extracted under a thick layer of salt beneath the ocean floor, at Petrobras P-34' platform offshore Brazil.  (AP file photo/Eraldo Peres)

Petrobras looks past Lula for next big find

Petroleo Brasileiro SA (PETR4), the world’s biggest deepwater oil producer, is looking past its largest discoveries to avoid a fate similar to Mexico, where output has plummeted 25 percent since 2004.  More »
A boat of tourists moves on Dubai creek, with the city skyline in the background in Dubai, United Arab Emirates. (AP file photo/Kamran Jebreili)

Energy companies launch venture for Oman refinery

Government-owned energy companies in Oman and the United Arab Emirates are launching a joint venture to build an oil refinery and petrochemical complex in a port town on Oman’s Arabian Sea coast.  More »

SA driller reports slowdown in Eagle Ford contracts

Pioneer Drilling lowered its expectations for the second quarter, saying falling prices for oil and natural gas liquids are reducing demand for its services  More »
The Kulluk conical drilling rig sits in a Seattle shipyard, where it has undergone hundreds of millions of dollars of renovations to ready it for planned Arctic drilling this summer. Shell plans to use the Kulluk and another vessel, the Noble Discoverer, to sink up to five wells in the Beaufort and Chukchi seas. (Jennifer A. Dlouhy / The Houston Chronicle)

Shell tests Arctic capping stack for feds

Shell tested its first line of defense against runaway Arctic oil wells for federal inspectors on Monday, marking a major step in the company’s final preparations to launch exploratory drilling in seas north of Alaska.  More »
(Photo: AEI Services)

Power demand sets June record

Texas power demand set a June record as temperatures climbed past 100 degrees on Monday.  More »
This drilling rig is working in the South Texas Eagle Ford where EOG Resources had been active.  Photo: Courtesy Photo / HC

Shale oil gamble has EOG sitting pretty

For a company that has ridden a wave of innovation to soaring earnings, the Houston headquarters of EOG Resources doesn’t have much evidence of innovators.  More »
The Phoenix-Arrington Ranch plant is owned by Eagle Rock Energy Partners in the Texas Panhandle. (Ken Childress Photography / Houston Chronicle)

Major acquisition was ‘defining moment for’ Eagle Rock Energy

Catapulted by a May 2011 acquisition that was the largest in its history, Eagle Rock Energy Partners logged major growth in earnings per share last year along with a strong return to shareholders.  More »
Key Energy Services is being recognized in the Chronicle 100 special section. A Key fishing and rental manager inspects inventory. Photo: None / ©Troy Fields

Key Energy Services makes an impressive 180

Onshore well services contractor Key Energy Services put the finishing touches on a major turnaround effort last year, posting significant increases in revenue and earnings and carving out the No. 3 spot on the Chronicle’s 100 public company list.  More »
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pa. (AP file photo/Andrew Rush)

Linn Energy buys Wyoming operations from BP for $1.025 billion

BP plans to sell two of its properties in Wyoming to LINN Energy for $1.025 billion in cash, it announced today.  More »
Rodney Curtis, employee at Gulf Coast Trucking Plains Marketing, LP, 10214 Beaumont Hwy., working on tanker truck tires Tuesday, Oct. 4, 2011, in Houston. ( Melissa Phillip / Houston Chronicle )

Brimming with oil and natural gas

Across its fuel transportation network, Plains All American Pipeline has hit capacity and is expanding to meet the burgeoning need to move fossil fuels across the country, the company’s leaders say.  More »
The Motiva refinery in Port Arthur, Texas.

Damage from caustic leak at new Motiva plant may cost millions to fix

A major component of the $10 billion Motiva refinery expansion project in Port Arthur will shut down for several months because of caustic corrosion, a Shell spokeswoman says.  More »