Fuel Fix

(Xinhua/Liu Xiao)

Potential loss of tax credit becalms wind industry

The wind power industry, which has been one of the nation’s fastest growing energy sectors, is facing layoffs and factory closings as a federal subsidy nears an end.  More »
A man walks in front of Duke Energy Corporate Headquarters in a Charlotte, N.C.  (AP Photo/Nell Redmond, File)

Duke to NC regulators: CEO’s term not guaranteed

Duke Energy Corp.’s surprise CEO said Tuesday that America’s largest electric company dumped Progress Energy Inc. CEO Bill Johnson the same evening it was created in a merger because directors of the two merging corporations worried about Johnson’s authoritarian style and being forced to pump billions into a troubled Florida nuclear plant.  More »
Signs opposing the hydraulic fracturing process of drilling for gas, or "fracking"  are posted in Evans City, Pa. (AP Photo/Keith Srakocic, File)

Industry analysis pokes holes in EPA hydraulic fracturing study

The Environmental Protection Agency’s multi-year investigation of the relationship between hydraulic fracturing and drinking water supplies is overbroad, underfunded and too ambitious, according to an analysis commissioned by two energy industry trade groups that was released Tuesday.  More »
Money Roll

Exxon, Shell top Fortune 500 Global list

Shell Oil and Exxon Mobil took the top two spots on the Fortune 500 Global list, edging out Wal-Mart for the top spot in the annual listing.  More »
A worker monitors water in Talmadge Creek in Marshall Township, Mich., near the Kalamazoo River as oil from a ruptured pipeline, owned by Enbridge Inc., is attempted to be trapped by booms. Federal investigators are expected to present their findings Tuesday, July 10, 2012 on the likely cause of a pipeline rupture that spilled more than 800,000 gallons of crude oil into the river nearly two years ago. (AP Photo/Paul Sancya, File)

Probe: Neglect, inaction caused huge Mich. spill

Federal investigators say a Canadian company’s neglect of cracks in one of its oil pipelines and slow response to a 2010 rupture in southwestern Michigan caused the most expensive onshore spill in U.S. history.  More »
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Environmentalists challenge Shell’s Arctic spill plans

Roughly a dozen environmental groups filed a lawsuit Tuesday challenging the government’s decision to sign off on Shell’s plans for cleaning up any oil spilled during Arctic drilling over the next two summers.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache awards Technip a $61-million contract for subsea installation

Apache Energy awarded Technip a $61-million contract for subsea installation off the northwestern coast of Australia, the companies announced today.  More »
(Steve Hockstein/Bloomberg)

Official: Texas electric supply will be tight

The president of the Texas electric grid says the state barely has enough electric supply to meet demand this summer.  More »
Mitsubishi I Miev (Photo: Thomas B. Shea)

Dallas writer says electricity is meant for kitchen, not cars

Electric cars have taken their fair share of criticism for their performance, appearance and range, but The Dallas Morning News auto writer Terry Box might have taken it to a new level.  More »
Photo: Timothy A. Clary/AFP/Getty Images

House Republicans push alternative offshore drilling plan

House Republicans are pushing back against the Obama administration’s just-unveiled plan for selling offshore drilling leases over the next five years by seeking to replace it with a more aggressive alternative.  More »
Shell Oil recently signed a 15-year lease to keep its Houston headquarters at One Shell Plaza at 910 Louisiana, above, and its companion building, Two Shell Plaza at 777 Walker. Photo: James Nielsen / © Houston Chronicle 2012

Shell towers deal would be ‘safe’ place for Duncan money

A potentially huge deal in which the family of late billionaire Dan Duncan is reportedly paying about $550 million for Shell Oil’s downtown headquarters would provide a solid investment in an uncertain economy, observers said Monday.  More »
Algae-based biofuel is loaded on the Self Defense Test Ship, formally a destroyer, the USS Paul F. Foster, at Naval Base Point Loma undergoing tests using the algae based biofuel in San Diego. (AP Photo/The San Diego Union-Tribune, Howard Lipin)

IER head: Navy’s biofuels test ‘squandering’ taxpayer dollars

The head of the Institute for Energy Research today beseeched congressional leaders to investigate Navy Secretary Ray Mabus’ decision to conduct test exercises using expensive alternative fuels this summer.  More »