Fuel Fix

(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 »
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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 »
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in April.  (AP Photo/Pat Sullivan, File)

Judge to weigh lifting engineer’s travel limits

A federal magistrate has scheduled a hearing on a former BP engineer’s request for permission to travel freely throughout the U.S. while he awaits a trial on charges he deleted text messages about the oil company’s response to the 2010 oil spill in the Gulf of Mexico.  More »
A garbage truck running on compressed natural gas makes its way along its route in The Woodlands. Driver Servando Rosales says a resident who listened for a deep diesel sound had to chase after him when she realized a quieter machine was on the route. Photo: Jerry Baker / HC

Shale glut means $1-a-gallon savings burning frozen gas

Chad Porter wants to run his 18- wheeler trucks on frozen natural gas across Canada’s Rocky mountains even before the world’s longest chain of refueling stations gets built to keep them fueled.  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)

Iranian oil deadline looms as sanctions on tankers curb supply

The European Union’s ban on Iranian oil shipments that takes full effect July 1 is curbing ship charters now because of the time it takes the vessels to deploy, load and deliver cargoes, the fleet’s biggest re-insurer said.  More »
The Sauers family of Seabrook, Texas, leaves the showroom in an all-electric Nissan Leaf  on Tuesday, Jan. 25, 2011, in League City.  They are the first Leaf owners in Texas. (Photo: Melissa Phillip/Houston Chronicle )

Fuel economy tops U.S. auto buyers’ wants

Automobile owners in the U.S. see fuel economy as the leading element they will consider in purchasing their next car, according to a survey by Consumer Reports.  More »
Lower marine riser package, left, and lower blowout preventer stack shown at National Oilwell Varco in August, 2010, Houston. (Chronicle/Melissa Phillip

Feds get advice from industry, engineers on beefing up blowout preventers

Federal regulators crafting new regulations to boost the reliability and power of emergency equipment used as a last line of defense against surging oil and gas at offshore wells will get feedback from energy companies, drilling engineers and other experts on Tuesday.  More »
(Image: Fotolia)

French oil-services company Technip acquires Shaw Group assets for $300 million

Technip plans to buy Shaw Group’s energy and chemicals business for roughly $300 million, it announced today.  More »
(File Photo by James Nielsen/Getty Images)

Skilling to seek retrial based on ‘newly discovered evidence’

In a motion for a time extension filed last week, Skilling attorney Daniel Petrocelli asked to have until August 17 to submit Skilling’s latest brief. The two-page motion refers to Skilling’s intent to ask for a new trial based on the new evidence but includes no description of what the evidence is.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Chesapeake management draws more fire

Chesapeake Energy’s board of directors is drawing more fire, this time from two major shareholder advisory services. International Shareholder Services and Egan-Jones Proxy Services are calling for changes to the board, which they say has failed to curb the aggressive debt strategies of Chesapeake chief executive officer Aubrey McClendon.  More »
Mitsubishi I Miev (Photo: Thomas B. Shea)

Mitsubishi I Miev makes Houston debut

Jackey Noons rolled off the Champion Mitsubishi lot in a brand new all-electric Mitsubishi Miev.  More »