Fuel Fix

Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

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The cut will save the company $450 million annually.

Anadarko Petroleum cuts dividend 81 percent

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Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)
The cut will save the company $450 million annually.
(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

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The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes says feds have opened antitrust probe of fracturing

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The company received a Civil Investigative Demand from the Justice Department.
Jim Noe

Offshore regulation critic in middle of latest Gulf well blowout

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One of the biggest critics of the Obama administration’s regulation of the offshore industry since the Deepwater Horizon disaster three years ago now finds himself in the middle of a brewing firestorm as a jack-up rig continues to burn in the Gulf of Mexico after an undersea natural gas well blew out.
Categories: Gulf of Mexico
Power transmission lines stretch along Space Center Boulevard in Houston. (Bill Montgomery/Houston Chronicle)

Texas spared from soaring wholesale electricity prices

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In Texas, the power price increase was much smaller than the rest of the nation, largely because of the mild weather this spring.
Categories: Electricity
Photo:  www.wktv.com

Commentary: “Holy Frac, My Brakes Aren’t Working!”

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Well, after posting last week’s article on celebrities and fracing, I’ve come to the conclusion that the key to getting traction with the readers of “Building Hydrocarbon Bonds” is…dropping Zooey Deschanel’s name (or maybe it was making her picture the article thumbnail).  Ironically, my article advocating for people not to pay attention only to celebrity […]
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Commentary: Controlling our own destiny on gas prices

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America is on track to take more long-term control over its destiny with gasoline prices, as we continue to realize the benefits of increased domestic oil and natural gas production.
Talisman Energy Inc. explores for shale gas in the middle of muddy fields in Poland.  (AP Photo/Czarek Sokolowski)

Chevron to promote shale drilling in Europe

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Chevron Corp. (CVX) is betting it can win over eastern Europeans with the idea of energy independence even after dry wells and government delays led Exxon Mobil Corp. and Talisman Energy Inc. (TLM) to scrap efforts to tap natural gas deposits in Polish shale.
Categories: General
(Image: Fotolia)

Weak China data, falling U.S. stocks push oil lower

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Benchmark crude dropped 1.7 percent to close at $105.39 a barrel.
Categories: Crude oil, Markets

Drumbeat: July 24, 2013

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Fed Criticized on Oversight of Bank-Owned Commodity Units
The Federal Reserve faces new pressure to explain why it lets banks trade raw materials and control supplies after congressional witnesses said regulators can’t really grasp what lenders are d…
Categories: Uncategorized

Nothing New Under the Sun or Who’s to Blame for High Gasoline Prices

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When gasoline prices go up so does the level of agitation on Capitol Hill.  It is as predictable as sunrise. Last week, the Senate Energy and Natural Resources Committee held a hearing, ostensibly, to find out why gasoline prices are rising when domestic oil production has reached levels not seen in 20 years.  It would […]
Categories: General
Protesters from the Michigan Coalition Against Tar Sands (MICATS) group gather at a Enbridge pipleline construction site near Stockbridge, Mich., Monday July 22, 2013. Authorities say they've arrested 12 people protesting the Michigan oil pipeline project. (AP Photo/Lansing State Journal, Rod Sanford)

4 face felony charges after oil pipeline protest

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Four people are facing felony charges following arrests at a protest seeking to block a Michigan oil pipeline project.
Categories: Environment, Pipelines
Burnt buildings are seen following a train derailment causing explosions of railway cars carrying crude oil Sunday, July 7, 2013 in Lac Megantic, Quebec. (AP Photo/The Canadian Press, Paul Chiasson

Canada toughens train rules after deadly disaster

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Canadian transportation authorities banned one-man crews for trains with dangerous goods Tuesday, responding to calls for tougher regulations after an oil train derailment in Quebec killed 47 people.
Categories: Accidents, Canada
handshake  behind a corporative building.Great for any design.

Genesis Energy to buy tug, barge business for $230 million

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Houston’s Genesis Energy is buying nine barges and tugs for $230 million.