Fuel Fix

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 »
This is an undated handout photo issued by Total E&P UK Ltd of Total's Elgin PUQ (Process/Utilities/Quarters)  platform. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. (AP Photo  / TOTAL E&P UK Ltd)

Total expects to resume Elgin output before year-end after leak

Total SA (FP), Europe’s third-largest oil company, expects to resume production at its Elgin and Franklin fields before the end of 2012 after plugging a natural-gas leak.  More »
Carl Icahn (AP file photo/Mark Lennihan)

Icahn holds about 80% of CVR Energy, as full board control

Billionaire Carl Icahn has acquired about 80 percent of oil refiner CVR Energy Inc. following a $2.6 billion tender offer and has taken full control of the company’s board.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Environmentalists criticize Ohio drilling rules

Environmental advocates were among dozens of witnesses lining up to testify Monday on a bill laying out Ohio’s new regulations for horizontal shale drilling and the use of renewable energy.  More »
renewable electricity generation

Businesses reducing energy by 25 percent as recession lingers

Businesses are reducing their energy consumption up to 25 percent in response to the recession, according to a Deloitte & Touche survey released today.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil prices up on expectations for improving demand

Oil rose above $92 a barrel Monday in Asia ahead of talks this week aimed at avoiding a military conflict over Iran’s nuclear program.  More »