Fuel Fix

Enterprise Products Mont Belvieu complex (Dave Rossman/For the Houston Chronicle)

Enterprise to build massive petrochemical plant

Houston-based Enterprise Products Partners plans to reach further into the petrochemical industry with a massive new plant to be build on the Texas coast by 2015, the company said Wednesday.  More »
This image provided by BP's spillcam on June 6, 2010 shows oil leaking out of the Macondo well head in the Gulf of Mexico. (AP file photo/BP)

Inventor claims design for BP well cap stolen

Charles Adams of Radford, Va., filed a federal lawsuit last week that names as defendants several players who were involved in helping resolve the disaster.  More »
(Photo: BFS Man)

Bill to keep lights on and protect power utilities advances in House

Electric utilities that keep the lights on to satisfy the federal government when blackouts loom would be insulated from environmental fines under bipartisan legislation advancing in the House.  More »
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Photo: Timothy A. Clary/AFP/Getty Images

Record-setting Gulf drilling auction nets $1.7 billion

The Interior Department on Wednesday held a record-setting sale of oil and gas drilling rights in the central Gulf of Mexico, with companies submitting $1.7 billion in winning bids for 454 offshore tracts and Statoil establishing a new high-water mark with its $157 million offering for a single lease.  More »
Australian supermodel Elle Macpherson. (AP Photo/Joel Ryan)

Supermodel speaks out against coal, support new regulations

Supermodel Elle Macpherson is speaking out strongly against a proposed bill that would cripple recently released mercury and air toxics standards.  More »
House Natural Resources Committee chairman Rep. Doc Hastings, R-Wash, leads a committee hearing. (AP Photo/Kevin Wolf)

Republicans: Obama taking too much credit for Gulf lease sale

The government is set to rake in more than $1 billion in high bids during today’s auction of oil and gas leases in the Gulf of Mexico, but not everyone is celebrating the haul. Rep. Doc Hastings, R-Wash., and other GOP lawmakers said the Obama administration is unfairly patting itself on the back for conducting the auction after canceling plenty of other sales.  More »
Chevron oil drilling platform 230 miles off Rio de Janeiro in November 2011. (Marcia Foletto/AFP/Getty Images)

Chevron takes a stake in offshore Suriname

Chevron Corp. will split a stake in about 2.8 million acres of drilling leases off the coast of Suriname held by Kosmos Energy, the companies said Wednesday.  More »
ERCOTAPP

ERCOT gets into the smartphone app game

Everyone seems to have an iPhone app, and the Electric Reliability Council of Texas can now add itself to that list.  More »
Gas station employee changes the price in California. (Paul Sakuma/Associated Press)

Climate law could raise gas prices, lobbyists say

California regulations designed to fight global warming could force half of the state’s refineries to close, trigger fuel shortages and add $2.70 per gallon to the cost of gasoline, according to a study released Tuesday by an oil industry lobbying group.  More »
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. (Photo: John Davenport/San Antonio Express-News)

Sand storage plant set for S.A.

The nation’s second-largest producer of sand is teaming with BNSF Railway Co. to build a sand storage plant in San Antonio that will serve clients in the Eagle Ford Shale, the companies’ officials said.  More »
Shareholders have criticized Chesapeake’s board for failing to rein in what they’ve seen as Chief Executive Officer Aubrey McClendon’s risk-taking and overspending at the company. (F. Carter Smith/Bloomberg )

Chesapeake hired lawyer with stealth record in CEO probes

The lawyer Chesapeake Energy Corp.’s (CHK) audit committee hired to investigate possible conflicts of interest in its chief executive’s loans has a record of managing probes with minimum publicity about himself or his client.  More »
OPEC_flag

OPEC pledge means record tanker cargoes reversing rout

OPEC’s pledge to maintain production quotas will sustain a record supply of oil cargoes in the Persian Gulf, giving ship owners the confidence to demand more money after charter rates plunged 76 percent in 11 weeks.  More »