Fuel Fix

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 )

NOV plans to buy NKT Flexibles for $670 million

National Oilwell Varco (NOV) indicated that it is in acquisition mode at its annual earnings call, and this morning it made good on the claim, announcing plans to acquire NKT Flexibles for $670 million.  More »
(Photo: File photos)

Warren Buffett, Koch Brothers remain in Keystone XL debate

The ongoing Keystone XL debate has turned into a political circus, and Berkshire Hathaway CEO Warren Buffett and the Koch brothers have turned into the controversial pipeline’s sideshow.  More »
Demonstrators hold up signs in front of the White House in Washington, Friday, Sept. 2, 2011, to protest the Keystone XL Pipeline project in the US, and the Tar Sands Development in Alberta Canada. (AP Photo/Luis M. Alvarez)

Democrats raise new concerns about Keystone XL bill

Top Democrats on Friday renewed their attacks on a Republican bill that would fast-track the approval of the Keystone XL oil pipeline, raising concerns that two U.S. agencies would lose oversight over the pipeline if the legislation were to become law.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

SD should ready for oil boom’s pros, cons

North Dakota’s oil boom brings with it tremendous wealth and enormous problems — and both are coming to South Dakota, industry experts say.  More »
Protesters of the proposed Keystone XL oil pipeline at a rally in Washington, D.C. (Puneet Kollipara / the Houston Chronicle)

Democrats float bill to keep Keystone XL oil in U.S.

House Democrats on Friday introduced legislation that would require oil from the Keystone XL pipeline to remain in the U.S. if it’s ever built, amid their concerns Gulf Coast refineries would export some crude after processing it.  More »
(Photo: ABC News)

Veiled Muslim woman threatens suit against Chevron for gas denial

A Muslim woman is threatening to sue Chevron after a Florida gas attendant refused to sell her gas because she would not remove her veil, according to an ABC News story.  More »
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 »
(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 »
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 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 »