Fuel Fix

Rich Kinder of Kinder Morgan Energy Partners in control room at office at Company's offices. (Photo: Carlos Antonio Rios, Houston Chronicle)

13 Houstonians make Forbes’ 2012 list of billionaires

Thirteen Houstonians made the Forbes’ annual World Billionaires list.  More »
Mexican billionaire Carlos Slim, chariman emeritus of America Movil Sab de CV, which controls 70 percent of Mexico's mobile-phone business, chats with attendees following a news conference in Mexico City, Mexico, on Tuesday, Jan. 31, 2012. Slim said the prices charged by his phone companies in Mexico are among the world's lowest. Photographer: Susana Gonzalez/Bloomberg

World’s richest lose billions in a single day

Tumbling stocks Tuesday probably put a damper on your retirement and 401K, likely causing you to lose a couple thousand or hundred dollars over night.  More »
Charlie Williams, who heads the new Center for Offshore Safety, is chief scientist for well engineering and production technology for Shell worldwide. (Photo: Shell Oil Co.)

Shell scientist to head industry offshore safety center

A top Shell Oil Co. scientist who was tasked with creating a new industry-led offshore drilling safety group will serve as the center’s executive director, the American Petroleum Institute announced today.  More »

(AP Photo/Keith Srakocic)

CERA: Recreating U.S. shale gale overseas faces challenges

Eni CEO Paolo Scaroni said the natural gas boom in the United States is unlikely to happen in other parts of the world.  More »
(Photo: JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS)

Statoil chief calls on industry to reform public image

Statoil CEO Helge Lund said the global oil and gas industry should make social responsibility and public image priorities.  More »
(Photo: bpicazxx/Flickr)

Energy provides engine for rail recovery, exec says

A railroad executive told a Houston audience that the shale oil and gas boom is giving a boost to his industry.  More »
saudi_sandstorm

CERA panel on Middle East touches on challenges for Saudi Arabia and Iran

Growing domestic energy demand could put Saudi Arabia in a bind by 2030, caused largely by oil subsidies, an expert told an audience during IHS CERA Week in Houston on Tuesday. “A lot of this is being driven in the region by the sharp growth in domestic consumption of oil,” Brad Bourland, chief economist for […]  More »
CEO Paolo Scaroni of Eni explained the Italian company's goal in its acquisition of a Texas shale gas producer. "The general idea was not to become a leader of gas in the U.S., but to learn the technology, how to do things here and export it," he said. Photo: Eric Kayne / © 2012 Eric Kayne

Oil giants innovate, push boundaries

The world’s hunger for energy is pushing global producers to invest more in new technology amid a rapidly changing energy landscape, energy ministers, executives and experts said Tuesday at the IHS CERAWeek conference in Houston.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

BP settlement architects hope to win over skeptics

The deal is all but done. Now it’s time to sell it.  More »
The 2012 Honda Civic Natural Gas car, named Green Car of the Year for 2012, is displayed after its unveiling at press preview day for the Los Angeles Auto Show. Fill 'er up _ with natural gas. High pump prices are encouraging GM and Chrysler to roll out pickups that run on natural gas, which is plentiful and cheap in the U.S..  Here's a look at what models are coming, what's already out there and where to go to fill up. (AP Photo/Reed Saxon, File)

More natural gas vehicles hitting the market

More natural gas-powered vehicles will hit the market soon, as rising gasoline prices, booming natural gas production and proposed tax credits make them a more attractive option. But they’re a long way from being a common sight in U.S. driveways.  More »
A driver fills up his vehicle at a compressed natural gas station.  (AP file photo/Douglas C. Pizac)

GE, Chesapeake to develop natural-gas fueling infrastructure

General Electric Co. (GE) and Chesapeake Energy Corp. (CHK), the second-biggest U.S. natural-gas producer, will collaborate on products and services to fuel cars and trucks with domestically-produced natural gas.  More »
A contractor closes a valve on his tanker truck at a Range Resources hydraulic fracturing operation Pennsylvania. (Keith Srakocic/AP)

Oil producers see untapped, unconventional fields meeting demand

Total SA (FP) and Petroleos Mexicanos executives said still-untapped global fields and new methods for extracting fuel from shale rock and deep water will help meet demand for oil and natural gas.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Iraq expects Exxon response soon on possible Kurdistan exit

Iraq expects a response soon from Exxon Mobil Corp. (XOM) on whether the U.S. oil company will abandon a separate oil exploration agreement it made with the semi- autonomous Kurdistan Regional Government.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Shale may spur $30 billion of chemical plants

Chevron Phillips Chemical Co. said its industry may spend $30 billion to build U.S. factories that convert natural gas into plastics because shale gas has made American production the cheapest outside the Middle East.  More »
Sunoco's Philadelphia refinery is on the banks of the Schuylkill River. The company plans to pull out of the refining business altogether, which could help put the Northeast region in a precarious position. Photo: MIKE MERGEN / HC

Ohio oil refinery, state settle air pollution case

A Columbus oil recycling company accused of exceeding air pollution limits has reached a settlement with the state to resolve the case.  More »