Fuel Fix

(Michael Paulsen / Houston Chronicle)

Oil industry to power Houston economy for decades

Deep oil industry roots will keep Houston’s energy-driven economy powering forward over the next half century as the world continues to demand hydrocarbons, a University of Houston professor said during remarks at the Houston Chronicle.  More »
(Photo: Steve Jurvetson/Flickr)

Oil lobby group challenges renewable fuel mandate

The American Petroleum Institute filed a lawsuit Tuesday claiming that the government is requiring refiners and gasoline importers to purchase renewable fuels that don’t exist.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Study: ND oil output may jump threefold by 2025

A new study says North Dakota’s oil production could jump more than threefold by 2025 to more than 2 million barrels a day.  More »
(AP Photo/Mark Lennihan)

Hess Corp.’s 2Q profit falls on lower oil prices

Hess Corp. said Wednesday that second-quarter profit fell 9.6 percent on lower oil prices, but the company still topped expectations as it boosted production in North Dakota’s Bakken shale fields.  More »
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Fight over drilling ban postponed – for now

The anticipated showdown between House Republicans and Interior Department officials over the Obama administration’s decision to temporarily halt deep-water drilling after the 2010 Gulf oil spill won’t materialize today.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Dangers in drilling might be in the dust

The government is alerting workers on natural gas drilling sites about the health dangers from silica, a chemical compound found in sand.  More »

ConocoPhillips 2Q profit falls 32 pct

Despite growing production in South Texas, the nation’s largest independent oil and natural gas production company suffered from commodity price declines, said new CEO Ryan Lance.  More »
The Texas City Refinery is shown in March 2005. The facility now belongs to Marathon Petroleum. (AP file photo/Tony Gutierrez)

Steffy: Oil industry, BP still haven’t learned from fatal mistakes

For all the talk of what the industry could do to reduce future disasters, the company managers, safety experts and government officials gathered at the hearing were there because of what the industry has done poorly.  More »
(File logos)

Exxon may lead drop in global oil profits on lower prices

The world’s largest oil companies are poised to report a drop in second-quarter earnings after crude prices declined for the first time in three years.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko calls trade most since 2010 in bet on 38% gain

Bullish Anadarko Petroleum Corp. (APC) options trading reached the highest level in almost two years, reflecting speculation that a rally which lifted the stock 21 percent since June is only half over.  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)

U.S. says New York state can’t sue over fracking regulations

The U.S. said a New York State lawsuit seeking fuller review of the effects of hydraulic fracturing on the state’s water supply should be dismissed because the multistate commission responsible for the watershed isn’t a U.S. agency.  More »
Growing concern about water use during hydraulic fracturing prompted the Railroad Commission to adopt new rules for water recycling.  Photo: Daniel Acker/Bloomberg

U.S. drought won’t hurt shale gas drilling much

The U.S. drought is unlikely to have a long-lasting impact on the extraction of natural gas from shale rock, especially as technology improves, the International Energy Agency’s chief economist said.  More »