Fuel Fix

An Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)

Iran seeks ‘ sanctions relief’ at nuclear talks

Iran became more adamant Monday that the world must ease the sanctions choking off its oil sales before it will curb activities that could be used to make nuclear arms, diplomats said. But with six world powers insisting that Tehran take the first conciliatory step, fears grew that talks in Moscow would fail.  More »
KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

KBR selling East End empire

A rare parcel of 136 acres less than a mile from downtown has come to market.  More »
(Photo: Bill McDavid, Hall & Hall)

Energy, real estate investor buys $20 million Calif. property

A Texas businessman snagged a prime piece of California real estate for a cool $20 million.  More »

Tiger Oil boss famous for grumpy memos settles suit over oil investment

Edward “Tiger” Mike Davis made national headlines for his emails in the 1970s about his staff, but the former owner of Tiger Oil Company is back in the news again.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran OPEC Governor Khatibi says markets don’t need extra oil

Oil markets don’t need production above the OPEC-approved ceiling and overproducing countries should cut their output, the Iranian Oil Ministry’s news website Shana said, citing Mohammad Ali Khatibi, Iran’s governor to the Organization of Petroleum Exporting Countries.  More »
Beach-goers walk on the sand near the San Onofre nuclear power plant in San Clemente , Calif.  (AP Photo, Lenny Ignelzi, File)

Feds: Design led to nuke plant woes

After months of investigation, federal regulators have determined that design flaws appear to be the cause of excessive wear in tubing that carries radioactive water through California’s troubled San Onofre nuclear power plant, a top federal regulator said.  More »

Texas oil, gas producers on the cusp of a slowdown?

Texas oil and gas producers could begin to curtail the drilling in the Lone Star State as falling crude oil prices are feeding anxiety over another economic slowdown, according to a new Texas Alliance of Energy Producers report.  More »
An Apache rig drills for natural gas at Matagorda Island in the Gulf of Mexico. (Photo: Apache Corp. via Bloomberg News)

Mexico’s July 1 vote pivotal for Texas, too

To the chagrin of some, border fences and sporadic animosities have done little to alter the shared destiny of the people on both sides of the U.S.-Mexico border.  More »
(AP Photo/Keith Srakocic)

A tough break for fracturing companies

Hydraulic fracturing companies are reeling as prices for their services slide, leading to crew layoffs and idle equipment in once booming shale gas fields.  More »
NRG Energy's SR Bertron Power plant. (Nathan Lindstrom/For the Chronicle)

As summer nears, old plants go back on grid

With the official start of summer just a few days away, electricity planners in Texas are preparing for its full blaze by bringing some older power plants back online to meet the increased demand for air conditioning and to help avoid last summer’s threat of power blackouts.  More »
(AP Photo/Keith Srakocic)

Accounting for natural wealth gains world traction

What is a sip of clean water worth? Is there economic value in the shade of a tree? And how much would you pay for a breath of fresh air?  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 )

New Chesapeake chairman expected this week

Oklahoma City-based Chesapeake Energy Corp. is expected to name a new chairman this week, although the 23-year-old company has given no indication who that will be.  More »