Fuel Fix

In 2007,  John Fenton and others examine neighbor Louis Meeks' water in Pavillion, Wyo., where federal officials have studied reports of groundwater contamination from hydraulically fractured wells. (AP Photo/Casper Star-Tribune, Dustin Bleizeffer, File)

Top Wyo. oil-gas regulator quits after remarks

Wyoming’s top regulator of oil and gas development has resigned after he remarked at a conference that greed and desire for compensation motivate people who assert that hydraulic fracturing has contaminated their groundwater.  More »
Actor Kevin Costner, left, arrives at a screening of "The Company Men" during American Film Institute's AFI Fest 2010 in Los Angeles on Wednesday, Nov. 10, 2010; and at right, actor Stephen Baldwin attends the U.S. premiere of "Mission: Impossible - Ghost Protocol" at the Ziegfeld Theatre on Monday, Dec. 19, 2011, in New York. A New Orleans courtroom will be the setting for a real-life drama that casts Hollywood stars Costner and Baldwin in adversarial roles. A trial is scheduled to open Monday, June 4, 2012, for a lawsuit that Baldwin filed against Costner over their investments in a device that BP used in trying to clean up the massive Gulf of Mexico oil spill. The federal suit claims Costner and a business partner duped Baldwin and a friend out of their shares of an $18 million deal for BP to purchase oil-separating centrifuges after the April 2010 spill. (AP Photo/Matt Sayles, Evan Agostini)

Jury sides with Costner in BP spill lawsuit

The panel deliberated for less than two hours Thursday before delivering the verdict.  More »
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in April.  (AP Photo/Pat Sullivan, File)

Ex-BP Engineer faces February trial

A former BP engineer charged with destroying evidence sought for a U.S probe of the 2010 Gulf of Mexico oil spill will face a Feb. 25 trial, a judge said.  More »
The Kulluk conical drilling rig, shown in a Seattle shipyard earlier this year, has begun drilling in Alaska's Beaufort Sea.  (Jennifer A. Dlouhy / The Houston Chronicle)

Offshore drilling chief examines Shell’s Arctic rigs & equipment

The nation’s top offshore drilling regulator on Thursday completed a two-day visit to the equipment Shell plans to use to drill in waters near Alaska this summer.  More »
An oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)

OPEC leaves production quota unchanged

While agreeing to hold the output target steady, however, the statement suggested that OPEC ministers were ready to come together on short notice if prices fell to levels dictating a production cutback.  More »
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Report: Slashing sulfur emissions from gasoline not as costly as industry thinks

A plan to slash the amount of sulfur emissions allowed from gasoline would hike prices at the pump about a cent per gallon, according to a study released today.  More »
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. (Photo: John Davenport/San Antonio Express-News)

Chesapeake shares up 11 percent over the last month

Stock in cash-strapped Chesapeake Energy Corp. is currently up 11 percent over the last month, with investors showing mild optimism after several recent company changes in response to widespread criticism.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Apache Corp. attaches growth to West Texas boom

Soaring oil production in the United States will drive the company’s growth for at least the next four years, Apache Corp. leaders said at its annual investor day meeting Thursday.  More »
(Photo: Houston Chronicle file)

Think your electric bill is high? Check out this one

An Abilene woman latest bill might come as a shocker — $1,381,783.92.  More »

Iran shrugs off oil sanctions at OPEC meeting

Iran’s oil minister on Thursday shrugged off the tightening international squeeze on his country’s oil exports, declaring that Tehran was not feeling the pinch and warning that an energy-hungry world could not do without Iranian oil and natural gas.  More »
(Photo: Patricia Santos, Associated Press)

Petrobras’s $236.5 billion plan boosts spending, cuts output

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled crude producer, cut its long-term output target by 11 percent and said spending will rise to $236.5 billion through 2016 as it increases investment at offshore oil fields.  More »
A Petrohawk Energy natural gas drilling site in the Eagle Ford Shale is shown in September 2009. (Jake Lacey/Houston Chronicle file photo)

Celanese plans Texas methanol plant to tap cheap gas

Celanese Corp. (CE), the world’s largest maker of acetic acid, plans to produce methanol outside Houston to supply its plants with the material derived from low-cost natural gas.  More »