Fuel Fix

Rich Antonucci, right, who owns a 50-acre farm in Richmond, Ohio, signs a petition at the Sierra Club table outside a public hearing held by the U.S. Environmental Protection Agency on proposed rules to reduce air pollution from oil and gas drilling operations in Pittsburgh. (AP Photo/Gene J. Puskar)

Sierra Club took $26 million from Chesapeake Energy

The Sierra Club took more than $26 million from Chesapeake Energy over three years while promoting natural gas as a cleaner, more efficient alternative to coal, the group’s executive director admitted.  More »
Secretary of Energy Steven Chu, who appeared Thursday at a branch of Houston Community College, said it's important that the United States be at the forefront of innovations and technologies in renewable energy. Photo: Melissa Phillip / © 2011 Houston Chronicle

Energy secretary backs natural gas exports

The low price of natural gas is hurting domestic job growth, and exporting a small amount of the fuel will boost the economy, U.S. Energy Secretary Steven Chu told a Houston audience Thursday.  More »
Workboats operate near the Transocean Development Driller II at the site of the Deepwater Horizon incident in the Gulf of Mexico. (AP file photo/Dave Martin)

Steffy: When BP keeps secrets, it’s time to worry

When BP seeks secrecy, we should be suspicious.  More »
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(AP file photo/Grand Forks Herald, Eric Hylden)

Kinder Morgan lapping Enbridge in Canadian pipeline race

Kinder Morgan (KMP) Inc., which this year will become the largest U.S. pipeline company after its $20.7 billion purchase of El Paso Corp. (EP), aims to extend its lead over competitors in transporting oil across Canada for export to higher-paying markets in Asia.  More »
Frank Springett, vice president of engineering, at National Oilwell Varco, 12950 West Little York, shown with pipe rams part of a lower BOP stack Thursday, Aug. 26, 2010, Houston. ( Melissa Phillip / Houston Chronicle )

National Oilwell may be weeks away from pair of acquisitions

National Oilwell Varco Inc. (NOV), the largest U.S. maker of oilfield equipment, may be weeks away from a pair of acquisitions valued between $250 million and $750 million.  More »
(AP file photo/Chris Gardner)

Official says mines can’t be complacent

If there’s one lasting cultural change Mine Safety and Health Administration Director Joe Main wants to make in both the federal agency and the industry it regulates, it’s ending the cycle of intensity and complacency.  More »
An oil pump jack in motion. (AP Photo/Hasan Jamali)

Oil hovers above $96 ahead of key US jobs report

Oil prices hovered above $96 a barrel Friday in Asia as traders awaited a key jobs report for evidence about the strength of the U.S. economy.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |02.03.12|

Energy secretary talks natural gas. Steffy says it’s time to worry if BP is keeping secrets. Sierra Club took $26 million from natural gas companies.  More »
The blowout preventer stack, right,  and lower marine riser stack, left, from the Deepwater Horizon explosion and oil spill, which was examined as evidence for federal investigations, are seen at the NASA Michaud Assembly facility in New Orleans. (AP Photo/Gerald Herbert)

Cameron reports 39 percent drop in 4Q net income

Oil equipment supplier Cameron International Corporation reported a 39 percent drop in its fourth quarter net income compared with last year’s fourth quarter results, a decline resulting from the company’s reliance on subsea drilling projects and costs associated with its recent acquisition of LeTourneau Technologies Drillings Systems.  More »
The Deepwater Nautilus was used to drill Shell's Appomattox discovery in the Gulf of Mexico. (Houston Chronicle file photo)

National Oilwell Varco reports 30 percent increase in Q4 earnings

National Oilwell Varco Inc. reported a nearly 30 percent increase in its fourth quarter earnings for 2011from the same time in 2010, as high oil prices and drilling competition in the shales have sharply increased demand for the company’s drilling and safety equipment.  More »
CERA

Sunoco chief executive will leave post March 1

Sunoco announced the move Thursday as it reported a net loss of $660 million before taxes for the fourth quarter.  More »
Natural gas drilling in the United States has led to far cheaper prices here than in Asia. Photo: Matt Nager / HC

Natural gas prices rise 6 percent

The decline was more than analysts expected, but the overall storage level of 2.97 trillion cubic feet remains well above five-year levels for this time of year.  More »