Fuel Fix

The Cushing, Okla., pipeline hub.

Enbridge, Enterprise denied market rates on Seaway pipeline

The U.S. Federal Energy Regulatory Commission denied Enterprise Product Partners LP (EPD) and Enbridge Inc. (ENB)’s request to set rates on the Seaway pipeline connecting an oil-storage hub in Oklahoma to U.S. Gulf Coast refineries.  More »
A massive fire roars through a mostly residential neighborhood in San Bruno, Calif. in Sept. 2010 after a Pacific Gas & Electric Co. pipeline exploded . (AP photo)

Feds: Pipeline companies must keep safety records

Energy companies will need to keep up-to-date records to prove they are running the nation’s aging pipelines at safe pressures under a new set of guidelines the federal government announced Monday in response to a deadly natural gas explosion in a San Francisco suburb.  More »

Statoil profits down, sales up in first quarter

Norwegian oil company Statoil ASA on Tuesday said net profit dropped 4 percent in the first quarter, though the decline had much to do with the sale of a stake in a Canadian oil sands project that boosted the same quarter a year ago.  More »

Tesoro Logistics earned $11.6 million in first quarter

Tesoro Logistics’ 37-cent earnings per unit met analysts’ expectations.  More »
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Buffett backs TransCanada’s proposed oil pipeline

Billionaire Warren Buffett supports building the Keystone XL pipeline that TransCanada wants to build to carry Canadian oil south across the Great Plains to connect to Gulf Coast refineries.  More »

Chevron’s new dual-gradient drillship to add efficiency

A first-of-its kind deep-water drillship, capable of operating quickly by closely matching environmental conditions, is set to start digging into the Gulf of Mexico, Chevron said today.  More »
(Enterprise Products Partners)

Enterprise adds new natural gas processing plant in Eagle Ford

A new cryogenic natural gas processing plant is in place in the Eagle Ford shale, yet another tangible indicator of the shale boom in South Texas.  More »
Tugboats pull an LNG tanker to Cheniere Energy's Sabine Pass terminal in 2008. (Nick De La Torre / Houston Chronicle)

Asian firms invest in Cheniere’s natural gas export terminal

Temasek and RRJ Capital have agreed to buy a $468-million stake in Cheniere’s Sabine Pass LNG terminal, expected to be the first terminal to export natural gas from the lower-48 states.  More »
Money Roll

25 Houston-area companies make Fortune 500 list

Fortune Magazine released its list of the 500 richest companies in America, and it’s no surprise that several Houston-area companies made the list.  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 )

Electric vehicles’ carbon footprint depends on the state

Electric vehicles are not the most climate-friendly car choice in a vast majority of states, including in Texas, according to a new report.  More »
People fill the tanks of their vehicules at an YPF station in Buenos Aires, Argentina,  Thursday, April 12, 2012. Spanish Industry Minister Jose Manuel Soria  has warned that the government will interpret any "hostile gestures" against Spanish companies abroad as an act of aggression, in an apparent reference to a conflict with Argentina over an oil company controlled by Spain's Repsol. YPF,  which is 57 per cent owned by Repsol,  has rejected Argentine government pressure to plough some of its profits back into the South American country.(AP Photo/Natacha Pisarenko)

Leftist economist behind Argentina’s YPF takeover

Miguel Galuccio sat quietly with a nervous smile as Argentina’s president suddenly thrust the youthful oil executive from obscurity into one of the nation’s most high-pressure jobs: leading the newly state-controlled energy company.  More »
Carl Icahn (AP file photo/Mark Lennihan)

Carl Icahn wins CVR Energy after $2.6 billion offer

Billionaire Carl Icahn won the right to buy oil refiner CVR Energy Inc. (CVI) after a majority of shareholders agreed to sell their stakes to him in an offer that values the company at $2.6 billion.  More »