Fuel Fix

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 rises above $102 in Asia after sell-off

Oil prices rose above $102 a barrel Thursday in Asia, rebounding from a two-day sell-off fueled by a jump in U.S. crude supplies and speculation the Federal Reserve won’t implement another round of monetary stimulus to boost economic growth.  More »

Exxon Mobil must allow vote on fracturing disclosure

The Securities and Exchange Commission has turned down a request from Exxon Mobil Corp. to omit a resolution on hydraulic fracturing disclosures from its proxy statement, opening the door for a vote on the proposal at the company’s annual shareholder meeting May 30. “We are unable to concur in your view that Exxon Mobil may […]  More »
(Photo: Julien Tromeur, Flickr)

Oil drops below $102 on big U.S. supply increase

The decline coincided with a sell-off in U.S. stock markets.  More »
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( Kevin Fujii / Chronicle )

Decision expected on pipeline changes

The state could decide this week whether to give TransCanada Corp. permission to shift its attention to a liquefied natural gas project, capable of overseas exports.  More »
Anadarko headquarters in  The Woodlands.

Anadarko, Cove to explore in Mozambique after gas find

Anadarko Petroleum Corp. (APC) and Cove Energy Plc (COV) will turn their attention to the northern waters of Mozambique after finding as much as 30 trillion cubic feet of gas off the coast of the East African nation to date.  More »

Happy at your workplace? Tell Houston all about it

Proud of your workplace? Inspired by your employer’s extra efforts to make you feel appreciated? Believe your company deserves some notice?  More »
Steam rises from stacks at the ConocoPhillips refinery  in Rodeo, Calif. (Justin Sullivan/Getty Images)

Mine union boss says coal industry will suffer same fate as bin Laden

The head of a major mining union compared the recent unveiling of the nation’s first-ever greenhouse-gas standards for new power plants to the U.S. killing Osama bin Laden.  More »
Employees of National Oilwell Varco demonstrate the workings of an oil rig at their Galena Park yard on the Houston Ship Channel where they outfit rigs for land and sea. Photographed April 28, 2008 in Galena Park. ( Eric Kayne / Chronicle )

National Oilwell completes deal for NKT Flexibles

National-Oilwell Varco, Inc. said Wednesday it has completed its $670 million acquisition of a Danish pipe product maker.  More »
(AP file photo/David J. Phillip)

Settlement Dynegy subsidiary bankruptcy case

Utility company Dynegy Inc. says it reached an agreement with creditors that will let the company move forward with bankruptcy proceedings for a subsidiary.  More »
(Photo: Flickr, Caston_Corporate)

Icahn takeover of CVR gets support from 55% of holders

Billionaire investor Carl Icahn said more than half of CVR Energy Inc. (CVI)’s shares were tendered in response to his unsolicited $2.6 billion offer, setting up a proxy fight at the refining company’s next annual meeting.  More »
This March 9, 2010 file photo shows a tanker truck passing the Chevron oil refinery in Richmond, Calif.  (AP Photo/Paul Sakuma, File)

Tax ruling surprises Chevron, Contra Costa County

Chevron Corp. faces a higher property tax bill for its Richmond oil refinery after an appeals panel on Monday decided that the plant is worth more than either the company or Contra Costa County claimed.  More »
This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Chevron’s Brazil spill legal claims double to $22 billion

Chevron Corp. (CVX) and Transocean Ltd. (RIG) are being sued for another 20 billion reais ($11 billion) by a Brazilian federal prosecutor in a new lawsuit over a second oil spill at the Frade field off the nation’s coast.  More »
President Barack Obama, with Solyndra Chief Executive Officer Chris Gronet, looks at a solar panel, during a tour of Solyndra, Inc., a solar panel manufacturing facility, in Fremont, Calif. Solyndra received a $535 million loan from the U.S. government has announced layoffs of 1,100 workers and plans to file for bankruptcy. (AP Photo/Alex Brandon, File)

Solyndra’s loan guarantee ‘was rushed,’ Treasury audit says

The U.S. Treasury Department was given one day to complete its review of the government’s $535 million loan guarantee to Solyndra LLC, the bankrupt solar-panel manufacturer, to accommodate an Energy Department press release, according to a Treasury audit.  More »
An Apple logo is seen at the entrance of Yerba Buena Center for Arts. (Photo KIMIHIRO HOSHINO/AFP/Getty Images)

Apple files plan to build silent power plant in NC

Apple has filed plans with the N.C. Utilities Commission to build what is being touted as the nation’s largest private fuel cell energy project, a silent power plant that will generate electricity from hydrogen.  More »
A methane gas wellhead extracts gas from the Waste Management Atascocita landfill facility. The gas is pipped to the power plant facility's power plant where it is turned into electricity. (Photo: Nathan Lindstrom/Special to the Chronicle)

Trash saved by Waste Management worth up to $40 billion

Waste Management Inc. (WM), the biggest trash hauler in the U.S., estimates the $12.3 billion it gets for carting off rubbish to landfills may be worth more than $40 billion a year in energy.  More »