Fuel Fix

Secretary of State Hillary Rodham Clinton. (AP Photo/Jacquelyn Martin)

Clinton urges cooperation in resource-rich Arctic

U.S. Secretary of State Hillary Rodham Clinton on Saturday ventured north of the Arctic Circle and urged international cooperation in a region that could become a new battleground for natural resources.  More »
(AP file photo/David J. Phillip)

Dynegy settles with bondholders

Dynegy Inc.’s bankruptcy settlement with bondholders, a deal that will hand ownership of the power producer to creditors, was approved by a judge.  More »
Kurt Mix leaves the federal courthouse in Houston after he was freed on bail. The former BP engineer is accused of obstruction of justice in connection with the 2010 Gulf of Mexico oil spill. Cody Duty / Houston Chronicle

Judge in BP criminal spill case may have conflict

U.S. District Judge Stanwood Duval told lawyers at a closed-door meeting Thursday that he owns a camp near Grand Isle, Louisiana, the main beach where the oil spill washed ashore in 2010, according to a court filing Friday.  More »
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Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

As oil falls, gasoline could go below $3

On Friday, oil plunged nearly 4 percent as a bleak report on U.S. job growth heightened worries about a slowing global economy.  More »
(Image: Fotolia)

Steffy: Electricity prices could be a rising target for Texans

This is the summer of truth for Texas’ costly experiment in electricity deregulation. By the time the first cool front rolls across Texas in the fall, it should be clear that under our current system, electricity can be cheap, or it can be reliable, but it can’t be both. And it may be neither.  More »
(Photo: ToddMorris/Flickr)

Companies asking to change fixed-rate contracts

Several retail electric providers are asking whether changes to wholesale power prices could allow them to break current fixed-rate contracts with consumers.  More »
(Photo: BFS Man)

Texas should triple wholesale prices to avert blackouts

Texas regulators should triple peak wholesale power prices to avert blackouts later this decade when electricity demand is predicted to outstrip supply, according to a report today by Brattle Group Inc.  More »
Hi_j0100

Exxon planning multibillion expansion in Baytown

Exxon Mobil Corp. is planning a multibillion petrochemical expansion at its Baytown complex to take advantage of the country’s increasing supplies of natural gas.  More »
The Ensco 8501 semi-submersible rig in the Gulf of Mexico (Jennifer A. Dlouhy/Houston Chronicle)

Drug problems hindering offshore recruiters

It’s no secret that created a staffing crunch in the energy industry, but drug use is also hindering companies from hiring qualified workers.  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)

Chesapeake oil well is biggest gusher in company’s history

Chesapeake Energy Corp. said it drilled the largest oil gusher in the company’s 23-year history at a “significant” discovery in the Anadarko Basin of Texas and Oklahoma.  More »
TNK-BP headquarters in Moscow (AP file photo/Misha Japaridze)

Steffy: BP throws in the towel on Russian joint venture

Just days after the latest management upheaval, BP said it intends to sell its 50 percent stake in its troubled Russian joint venture. In a short press release, the company said it received “unsolicited indications of interest” for its half of TNK-BP.  More »
T. Boone Pickens (Photo: Associated Press)

T. Boone Pickens talks money with Drake

Energy mogul T. Boone Pickens and rapper Drake don’t seem to have much overlap, but they do apparently when they are chatting money.  More »