Fuel Fix

The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

Natural gas price drops to a 10-year low

Natural gas prices tumbled Thursday after a surprising jump in U.S. supplies.  More »
Of the six states where the mining sector – including businesses that extract oil and natural gas – comprised more than 10 percent of the state’s economy in 2013, five saw both better than average overall economic growth as well as growth within the mining sector, according to a report by the U.S. Energy Information Administration. (AP file photo/Reed Saxon)

Poll: Americans still prioritize economy over environment

A plurality of Americans continue to say they prioritize economic growth over protecting the environment, though the gap has closed in the past year, a new poll found.  More »
FMC Technologies' subsea equipment has helped fuel the company's growth. (Photo: Johnny Hanson/Houston Chronicle)

FMC Technologies signs $1.5 billion contract with Brazil’s Petrobras

Houston-based FMC Technologies has signed a $1.5 billion four-year agreement with Brazil’s national oil company, Petrobras, to supply subsea equipment.  More »
Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

IEA ‘concerned’ by increasingly tight world oil market

The International Energy Agency “is concerned” by a strained world oil market that have sent crude oil prices higher and caused gas prices to surge, according to a statement released today.  More »
capitol building

Senate fails to advance repeal of major oil firms’ incentives

The Senate on Thursday failed to advance a measure that would repeal tax incentives for the nation’s biggest companies and use the money to pay for extending clean-energy tax credits.  More »
(AP Photo/Pablo Martinez Monsivais)

Obama urges Senate to approve repeal of oil tax incentives

President Obama made a firm call Thursday for the Senate to approve a measure repealing some of the oil and gas industry’s tax incentives, just ahead of a high-profile vote in the upper chamber.  More »
Photo: Courtesy SolFocus

SolFocus to help Mexico build 1st big solar plant

With its relentless sunshine and open desert spaces, Mexico seems made for solar power.  More »
Gas nozzle at a Valero pumping station (AP Photo/Rich Pedroncelli, file)

Gasoline inches closer to $4 mark in Houston

Gasoline prices continued their slow rise to the $4-mark in Houston today.  More »
Sunoco's Philadelphia refinery is on the banks of the Schuylkill River. The company plans to pull out of the refining business altogether, which could help put the Northeast region in a precarious position. Photo: MIKE MERGEN / HC

For some refiners, the price of gasoline is too low

Rising gasoline prices have become a source of finger-pointing and political rhetoric – yet the economic reality for some refiners is that the price isn’t high enough.  More »

Petrochemical industry takes note of shale bounty

The North American shale boom has excited petrochemical companies eager for a new era of cheap resources to feed production of plastics that go into everything from diapers to plumbing, executives said Wednesday.  More »
(AP Photo/Steve Helber)

Steffy: The collective delusion of oil abundance

Late last week, I filled up for $3.88 a gallon. Four days earlier, gasoline was 4 cents a gallon cheaper, and by this week, prices were inching toward the dreaded $4 a gallon threshold.  More »
Gas prices are expected to hold steady in Texas over the holiday weekend. (AP Photo/Alex Brandon)

Gas-price politics impacts Obama’s environmental issues

With rising gasoline prices fueling election-year political rhetoric, the Obama administration is accelerating moves it can paint as energy-friendly while putting the brakes on some environmental initiatives that opponents could blame for raising costs.  More »
(AP Photo/Mike Groll, File)

NC lawmakers lay out fracking plans this year

Republican lawmakers said Wednesday they expect to take a careful, measured approach to drafting state regulations for allowing a new method of natural gas drilling called fracking, but an existing ban on the activity in North Carolina is likely to remain until 2014 or later.  More »
OLD DO NOT USE  Jim Mulva, CEO of ConocoPhillips, talks with reporters in Houston. (Photo: Melissa Phillip, Houston Chronicle)

ConocoPhillips CEO received 7pct. raise in 2011

ConocoPhillips CEO and Chairman Jim Mulva received a 7 percent raise in pay in 2011, his final year at the helm of the Houston petroleum company.  More »
(AP Photo)

Chinese firm surpasses Exxon in oil production

A big shift is happening in Big Oil: an American giant now ranks behind a Chinese upstart.  More »