Fuel Fix

PSA1868-Sea-Trial

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 »
(Photo: AEI Services)

Record gas use by U.S. utilities fails to drive up price

U.S. utilities led by Southern Co. (SO) are burning a record amount of natural gas for generating electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows.  More »
This is an undated handout photo issued by Total E&P UK Ltd of Total's Elgin PUQ (Process/Utilities/Quarters)  platform. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. (AP Photo  / TOTAL E&P UK Ltd)

Total ‘on track’ to begin Elgin well operation within days

Total SA (FP), Europe’s third-largest oil producer, said it’s “on track” to begin a well intervention operation to plug a North Sea gas leak in the coming days.  More »
President Barack Obama arrives at the TransCanada Stillwater Pipe Yard in Cushing, OK, to discuss his energy policy, on March, 22, 2012. (Photo: Pablo Martinez Monsivais/AP Photo)

New Keystone bid gives GOP political ’ammunition’

TransCanada Corp. (TRP) has reapplied to build the Keystone XL oil pipeline, inserting a project that is strongly opposed by environmental groups into the November U.S. presidential election.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Interest in SD oil and gas leases continues

Similarities in underlying rock formations continue to fuel speculation that South Dakota might have petroleum reserves like those now fueling the oil boom in North Dakota.  More »
The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

Pa. gas drilling brought $3.5 billion in 2011

Marcellus shale gas wells in Pennsylvania generated about $3.5 billion in gross revenues for drillers in 2011, along with about $1.2 billion in West Virginia, according to an analysis by The Associated Press.  More »