Fuel Fix

Kangaroo on beach in western Australia

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 »
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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 »
(AP file photo/David J. Phillip)

Dynegy directors sued by investor over plants’ transfer

Dynegy Inc.’s directors were sued by an investor claiming they wrongfully agreed to transfer power plants from a unit the company later put into bankruptcy to benefit billionaire Carl Icahn and other shareholders.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake could face tough choice to close budget gap

Chesapeake Energy faces a $3.9 billion shortfall between cash it expects to raise for the rest of the year and what it needs for new drilling and debt, according to a Chronicle analysis.  More »
Traders work on the New York Stock Exchange  (AP file photo/Mark Lennihan)

More Chesapeake investors raising concerns

The New York City Comptroller on Thursday joined a list of investors who have expressed serious concern about embattled Chesapeake Energy Corp. CEO Aubrey McClendon and his leadership style during a week when the company’s market value has fallen more than $1 billion. The comptroller, John Liu, sent a letter to shareholders on behalf of […]  More »
The Cushing, Okla. pipeline hub.

Cushing-to-Gulf Coast pipeline reversal completed

Owners of the Seaway project said the pipeline will begin carrying up to 150,000 barrels of crude per day to the Gulf Coast refining market this weekend.  More »
Workers check solar panels in Yulin, northwest China's Shaanxi Province. (AP Photo/Xinhua, Liu Xiao)

Administration moves to sets stiff tariffs on China solar panels

The Obama administration is moving to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized ones.  More »
Gulf of Mexico (Wikimedia Commons)

38.6 million Gulf acres will be up for grabs in June lease sale

Oil and gas companies will have until June 19 to file their bids for the government’s upcoming auction of drilling leases in the central Gulf of Mexico, the Interior Department announced today.  More »
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in April.  (AP Photo/Pat Sullivan, File)

Judge recuses herself from ex-BP engineer’s case

A federal judge in New Orleans has recused herself from the criminal case against a former BP engineer charged with deleting text messages about the company’s response to the 2010 oil spill in the Gulf of Mexico.  More »
Amanda Jolivet, left, and Elisandra Cassola at a new student orientation program at the University of Houston. Amanda is a new graduate at UH, and is informing new students about services offered by University Career Services. She graduated with a degree in communication and is looking for a full time job, but is spending the summer working at UH in her old work study job for the career services office. Elisandra is an incoming freshman international student from Angola.

Energy industry makes Houston top city for college grads

Houston, Dallas and Austin might be a beacon of hope for college graduates.  More »