Fuel Fix

Thierry Pilenko, CEO of Technip (Bloomberg)

Technip CEO says technology buy means new U.S. opportunities

Technip’s purchase of key process technology will give it a chance to pursue new opportunities in the U.S., its CEO says. It also will gain 500 employees in Houston.  More »
(Photo: Associated Press)

Romney oil adviser also a big super PAC donor

Oklahoma oil billionaire Harold Hamm didn’t wait long to make a nearly $1 million donation to a group supporting Republican presidential candidate Mitt Romney after he became one of Romney’s top energy advisers in March. Just weeks after Hamm joined the Romney campaign, he gave $985,000 to a pro-Romney super PAC, according to campaign reports.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

OH docs can’t reveal drilling chemicals to public

Doctors given new access to the proprietary chemical recipes that oil and gas drillers use to crack into Ohio shale would be prohibited from sharing the information with the public under an energy proposal moving through the Ohio House.  More »
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A woman fills up her SUV at a California gas station. (Photo: FREDERIC J. BROWN/AFP/Getty Images)

Environmental groups says Keystone XL will raise gas prices

TransCanada Corp. (TRP)’s proposed pipeline to carry crude from the oil sands of Canada to the U.S. Gulf Coast would increase gasoline prices, according to a report from an environmental group that opposes the project.  More »
Kenny LeBaron, left, and his brother Joshua moved to North Dakota from Minnesota to take advantage of higher salaries due to an oil boom there. Here they service a gas and oil well near Watford City, North Dakota. (Glen Stubbe/Minneapolis Star Tribune/MCT)

ND oil boom city reaping prosperity, problems

Oil has brought enormous economic prosperity to the busiest city in North Dakota’s booming oil patch but also has exacerbated problems in housing, infrastructure and traffic, even pushing some “stressed out” older residents to move away, Williston Mayor Ward Koeser told industry and government officials Tuesday.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Ohio considers rules that opponents say favor frackers

The Ohio House is preparing to vote on rules for natural-gas drillers that Republican Governor John Kasich calls among the nation’s toughest, even as environmentalists say they let companies decide which industrial chemicals stay secret.  More »
(Photo: Loozrboy/Flickr)

Turkmen deal boosts Afghan pipeline project

Turkmenistan signed a natural gas deal with Pakistan and India on Wednesday, in a significant boost to the proposed construction of a 1,100-mile pipeline across Afghanistan.  More »
(Photo: Julien Tromeur, Flickr)

Oil falls below $91 as Iran allows nuclear probe

Oil fell to a seven-month low below $91 a barrel Wednesday after Iran agreed to allow the U.N. nuclear agency to restart an investigation into the country’s nuclear program.  More »
Money Roll

Warburg Pincus, partners investing $1.1B in energy startup

Warburg Pincus LLC, the private- equity firm with more than $35 billion in assets under management, said it will invest as much as $1.13 billion with three other partners in Venari Resources LLC, a deep-water oil exploration company.  More »
(AP Photo/David J. Phillip)

Forecast: Rising electric demand to tighten Texas power reserve

A new report projects that demand for electric power in Texas will exceed generation capacity during peak periods by 2022–a slight improvement from an earlier projection of “negative reserve margin” by 2020.  More »
Justin Allgaier drives his car during the NASCAR Nationwide Series' Pioneer Hi-Bred 250 auto race, Sunday, May 20, 2012, at Iowa Speedway in Newton, Iowa. (AP Photo/Charlie Neibergall)

EPA teams up with NASCAR to promote green initiatives

NASCAR fans get ready for the EPA.  More »
Telsa's 2012 Model S electric sedan (Image: Tesla Motors)

Tesla gains after Model S delivery date set

Tesla Motors Inc., the electric-car maker led by Elon Musk, rose after the company said it will begin delivering the Model S sedan to customers on June 22.  More »
Workers join sections of pipe on a Trinidad Drilling rig leased by Chesapeake Energy north of Douglas, Wyo. Photo: Alan Rogers / Copyright 2012 CASPER STAR-TRIBUNE

Amid heat from critics, Chesapeake standing by growth plan

Chesapeake Energy Corp. doubled down Tuesday on a plan that has drawn criticism from shareholders over its aggressive approach to expand during a major cashflow crunch. The nation’s second-largest natural gas producer after Exxon Mobil Corp , in an investor presentation posted on its website Tuesday, said it has “withstood an unprecedented negative media campaign” over the last five weeks, which has prompted 1.2 billion shares of company’s stock to trade hands, nearly double the amount of its shares outstanding.  More »
The blowout preventer stack used at BP's failed Macondo well is lifted out of the Gulf of Mexico in September 2010. (AP file photo/Patrick Semansky)

Feds lay out plans for new blowout preventer mandates

Obama administration officials today outlined their plans for new regulations designed to boost the reliability of crucial emergency equipment safeguarding offshore wells. Fundamentally, said Deputy Interior Secretary David Hayes, blowout preventers “need to be able to cut whatever is in their way and completely sell off the well.”  More »
Carla Smith works in an assemble area at Cooper Industries Monday, Sept. 8, 2008, in Houston. ( James Nielsen / Chronicle )

Cooper Industries to be sold for $11.8 billion

Cooper Industries, a manufacturer of lighting and electrical-distribution equipment that has been run out of Houston for 47 years, will be acquired by Ohio-based Eaton Corp. in a cash-and-stock deal valued at nearly $12 billion, the companies announced Monday.  More »