Fuel Fix

Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Shell to keep shale drilling investment stable

Royal Dutch Shell Plc. (RDSA), Europe’s largest oil company, won’t increase its spending on drilling shale fields this year due to low natural-gas prices.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Offshore safety agency’s job plan faulted by Republican lawmaker

A plan to hire inspectors and engineers by the U.S. offshore oil safety unit, created after the BP Plc (BP/) spill two years ago, drew a rebuke from a Republican lawmaker.  More »
Mark Cleland, from Austintown, Ohio, participates in a protest outside Wells Academy/Steubenville High School Tuesday, Feb. 7, 2012, in Steubenville, Ohio. Gov. John Kasich is expected to highlight the themes of education and shale gas drilling in his State of the State address Tuesday. (AP Photo/Tony Dejak)

Ohio Gov. Kasich says planning wellhead tax on oil, gas

Ohio Governor John Kasich said he will introduce a tax for oil and natural-gas producers and is trying to avoid a drain on the state’s services as the Utica basin is developed.  More »
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(AP file photo/Paul Sakuma)

Shell to stop Iran oil purchases ahead of deadline

Royal Dutch Shell PLC says it will stop buying oil from Iran within several weeks, ahead of a July deadline imposed by the European Union.  More »
A contractor closes a valve on his tanker truck at a Range Resources hydraulic fracturing operation Pennsylvania. (Keith Srakocic/AP)

Bill would have Kan. regulators oversee fracturing

A bill that would give the Kansas Corporation Commission specific authority to regulate hydraulic fracturing of natural gas in the state is drawing support from an unusual coalition of advocates for energy and the environment.  More »
Protesters of the proposed Keystone XL oil pipeline at a rally in Washington, D.C. (Puneet Kollipara / the Houston Chronicle)

Senate to vote on Keystone XL, drilling amendments to highway bill

Two measures pertaining to a federal permit for the Keystone XL pipeline are among those that will get votes Thursday as amendments to sweeping Senate transportation legislation, under an agreement announced late Wednesday night. Also up for consideration is a GOP amendment that would expand offshore drilling to certain waters of the Atlantic and Pacific oceans.  More »
(Daniel Acker/Bloomberg)

Natural gas drops to a 10-year low; oil rises

Relatively warm weather, combined with a boom in production, has left storage facilities bloated with more gas than normal.  More »
President Barack Obama (AP file)

Obama touts alternative fuels, efficiency to cut oil use

President Obama touted policies his administration is pursuing to cut vehicle oil use, ranging from fuel-efficiency standards to natural-gas-powered trucks, amid ongoing political debate over gasoline prices.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

CERA: U.S. weighing LNG exports

The Obama administration is considering permits for export of liquefied natural gas so the nation can market its growintg supply of natural gas, an official told CERAWeek participants.  More »
Chevron CEO and Chairman John Watson. left, Shell Oil U.S. President Marvin Odum, BP America President and Chairman H. Lamar McKay and ConocoPhilips CEO and Chairman James Mulva testify before the Senate Finance Committee in Washington, D.C., on May 12, 2011. (Photo: Jim Watson/AFP/Getty Images)

Federal government won’t rush offshore drilling permits

Federal regulators won’t rush the issuance of offshore drilling permits amid ongoing Republican criticism that the Obama administration has slowed the rate of approvals, said James Watson, director of the Bureau of Safety and Environmental Enforcement.  More »
Iran Nuclear plant

CERA: Tensions over Iranian nuclear ambitions

While the United States is gauging the impact of potential European oil sanctions on Iran, the Iranian military remains capable of causing major problems in the Persian Gulf region, panelists said Wednesday during the IHS CERA Week energy conference in Houston.  More »
Rich Kinder of Kinder Morgan Energy Partners in control room at office at Company's offices. (Photo: Carlos Antonio Rios, Houston Chronicle)

13 Houstonians make Forbes’ 2012 list of billionaires

Thirteen Houstonians made the Forbes’ annual World Billionaires list.  More »
Mexican billionaire Carlos Slim, chariman emeritus of America Movil Sab de CV, which controls 70 percent of Mexico's mobile-phone business, chats with attendees following a news conference in Mexico City, Mexico, on Tuesday, Jan. 31, 2012. Slim said the prices charged by his phone companies in Mexico are among the world's lowest. Photographer: Susana Gonzalez/Bloomberg

World’s richest lose billions in a single day

Tumbling stocks Tuesday probably put a damper on your retirement and 401K, likely causing you to lose a couple thousand or hundred dollars over night.  More »
Charlie Williams, who heads the new Center for Offshore Safety, is chief scientist for well engineering and production technology for Shell worldwide. (Photo: Shell Oil Co.)

Shell scientist to head industry offshore safety center

A top Shell Oil Co. scientist who was tasked with creating a new industry-led offshore drilling safety group will serve as the center’s executive director, the American Petroleum Institute announced today.  More »
(AP Photo/Keith Srakocic)

CERA: Recreating U.S. shale gale overseas faces challenges

Eni CEO Paolo Scaroni said the natural gas boom in the United States is unlikely to happen in other parts of the world.  More »