Fuel Fix

In this photo provided by NOAA Okeanos Explorer Program, a well preserved shipwreck, roughly 200 years olf, is seen about 200 miles off the coast of La., at a depth around 4,000 feet, in the Gulf of Mexico, Friday, April 26, 2012. Clearly visible on the bow are lead draft marks, Roman numerals VI and VII, which were used to indicate how the ship was loaded. (AP Photo/NOAA Okeanos Explorer Program)

200-year-old shipwreck found in Gulf of Mexico

An oil company exploration crew’s chance discovery of a 200-year-old shipwreck in a little-charted stretch of the Gulf of Mexico is yielding a trove of new information to scientists who say it’s one of the most well-preserved old wrecks ever found in the Gulf.  More »
(Photo: Brian Snelson)

Repsol: Exploratory oil well off Cuba comes up dry

Spanish oil company Repsol says an exploratory well it drilled off Cuba is unsuccessful and will be abandoned.  More »
Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Court denies request to rethink pipeline ruling

A state appeals court has refused to reconsider a decision that lets Calgary-based TransCanada avoid paying nearly $19 million in property taxes for 2011.  More »
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Photo shows the remains of 2012 Fisker Karma after a fire engulfed the vehicle last week.(Courtesy of Johnson, Trent, West & Taylor law firm)

Fisker Karma fire in Texas garage being probed by NHTSA

U.S. auto-safety regulators are investigating a Texas garage fire that destroyed a Fisker Automotive Inc. Karma, a $103,000 plug-in electric vehicle.  More »
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)

IEA says no imminent plans to release emergency oil stockpiles

The International Energy Agency has no definite plan to release fuel from its emergency reserves, according to the head of its oil industry and markets division.  More »
(Photo: Brian Turner/Flickr)

Range Resources sues homeowner over YouTube of flaming well

Steven Lipsky shot video of methane- fueled flames shooting from a hose hooked up to his well in Weatherford, Texas, and sent it to Sharon Wilson, a blogger who posted it on YouTube. And he hired Alisa Rich to test the water in his well and alert the U.S. Environmental Protection Agency.  More »
The Ocean Prospector sits in the Galveston Harbor. (Photo: Courtesy of Plant Recovery Company)

World’s first semisubmersible drill rig getting back to work

After being out of commission for 14 years, the world’s first self-propelled semisubmersible drilling rig is looking to get back into the offshore business.  More »
Industry and environmental interests are debating whether efforts to reduce smog would increase greenhouse gas emissions.  (AP Photo/David J. Phillip)

Guest Column: Vehicle emissions standards are a regulatory success story

Recent estimates from the Texas Commission on Environmental Quality (TCEQ) show that emissions of air pollutants that harm human health in the Houston region are falling dramatically.  More »
Aubrey McClendon says when Goldman offered to add another $1 billion to its debt deal, it was a sign of confidence. It's not. Photo: Sue Ogrocki / AP2012

Steffy: Is Chesapeake’s gunslinger-in-chief headed for the sunset?

Every gunslinger eventually reaches a sunset, and Aubrey McClendon’s may be approaching.  More »
Mac Haik Realty is planning Energy Tower III in the Energy Plaza development. It will have a fitness center and a restaurant.

New tower to energize west Houston

Car dealer and real estate developer Mac Haik plans to break ground this summer on a 17-story office tower in west Houston’s Energy Corridor, the second project of its kind to be announced in the past two months.  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

Ex-BP engineer asks U.S. judge to ease bail travel curbs

A former BP Plc (BP/) engineer charged with destroying evidence sought for a U.S probe of the 2010 Gulf of Mexico oil spill asked a U.S. judge to ease travel restrictions imposed on him as a condition of bail.  More »

Australia seen a decade away from large-scale shale production

Australian shale explorers may be a decade away from producing oil and gas on a large scale because of obstacles ranging from a lack of drilling equipment to higher labor and infrastructure costs, Wood Mackenzie Ltd. said.  More »

Would you pay $1 million for an electric car?

Croatian carmaker Rimac Auto has announced it will put into production the Concept One electric supercar, a concept vehicle that first made waves at last year’s Frankfurt Auto Show. The battery-powered vehicle boasts more than 1,000 Hp and reaches a top speed of 190 Mph. Only 88 are expected to be sold worldwide in 2013.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

Enbridge enlarging pipeline that ruptured in 2010

Enbridge Inc. will enlarge a pipeline that ruptured nearly two years ago in southwestern Michigan so it can carry more oil from deposits in western Canada and North Dakota, a company official said Thursday.  More »
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Oil falls to near $92 after sharp 2-week selloff

Oil prices fell to near $92 a barrel Friday in Asia, extending a sharp two-week selloff as the latest twists in Europe’s debt crisis added to a gloomy economic outlook.  More »