Fuel Fix

A Kinder Morgan Energy Parterns oil terminal along the Houston Ship Channel (Photo: Kinder Morgan)

Kinder Morgan reports lower net income, higher distributions

Oil and natural gas pipeline and storage giant Kinder Morgan Energy Partners said Wednesday its net profit was down 32 percent in the third quarter, but cash distributions to unit holders were up near 5 percent.  More »
The Travis Tower, or 1300 Main, in downtown Houston was purchased by Dallas-based Energy Transfer Partners in August 2011. (Image: Boxer Property)

Energy Transfer buys downtown Houston office building

A Dallas-based pipeline and midstream business has purchased a 21-story downtown Houston office building.  More »
Gene Green official

Democrats press Obama to approve Keystone XL

The letter by 22 congressional Democrats — spearheaded by Houston’s Gene Green — steps up pressure on the Obama administration to permit the controversial pipeline that would carry oil sands crude from Alberta, Canada to southeast Texas.  More »

Enterprise Products Mont Belvieu complex (Dave Rossman/For the Houston Chronicle)

Shale boom leads Enterprise to add NGL capacity

Enterprise Products Partners launched a new natural gas liquids fractionator and plans a sixth at Mont Belvieu complex, responding to growing demand for ethane from Gulf Coast petrochemical companies.  More »
Chevron CEO John Watson (Photo: Mark Wilson/Getty Images)

Chevron CEO: Affordability should drive U.S. energy policy

Chevron CEO John Watson today made the case for a U.S. energy policy built around affordability. By creating “an energy policy with affordability at its core” and recognizing the value of fossil fuels, Watson said the U.S. can achieve “long-term economic, energy and environmental security.”  More »
(Photo: Ryan Hyde/Flickr)

Green gains in importance to manufacturers, survey says

Almost two-thirds of manufacturers say energy conservation and other green practices are important to their businesses, according to a trade association survey.  More »
(Photo: AEI Services)

Texas lawmakers say revised EPA rule still could cause power blackouts

Thirty-one of Texas’ 32 members of Congress said today that “though any relief is helpful,” flawed assumptions incorporated in the Cross-State Air Pollution Rule caused the agency to overestimate how much excess electricity the state grid operator will likely provide.  More »
(Associated Press)

Energy ministers: Demand, pollution to skyrocket

Energy demand will skyrocket in the coming decades and much of it will be met with fossil fuels, increasing risks of pollution and global warming, a group of energy ministers warned Wednesday.  More »
A sign at the entrance to the Schlumberger campus in Sugar Land, Texas (AP Photo/Pat Sullivan, file)

Schlumberger gets Carrizo Field production contract from Pemex

Schlumberger, the world’s largest oilfield-services provider, won the right to drill an oil field offered by Petroleos Mexicanos in the first round of performance contracts after the original winner was dropped.  More »
Patterson-UTI Energy driller Troy Stewart works on a gas drilling rig at El Paso Corp.'s Holly Field drilling site Tuesday, Oct. 6, 2009, in Grand Cane. (James Nielsen/Houston Chronicle)

The other El Paso deal… selling off the E&P

Kinder Morgan officials said they won’t go forward with plans to spin-off El Paso Corp.’s exploration and production business, opting to sell it off instead.  More »
(AP Photo/Keith Srakocic)

Driller OK to halt water to Pennsylvania town

ALLENTOWN, Pa. — Pennsylvania environmental regulators announced Wednesday they have given permission to a natural-gas driller to stop delivering replacement water to residents whose drinking water wells were tainted with methane. Cabot Oil & Gas Corp. has been delivering water to homes in the northeast village of Dimock since January of 2009. The Houston-based energy […]  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

Iraq to pass energy law, respect all contracts, advisers say

Iraq to Pass Energy Law, Respect All Contracts, Advisers Say (  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Bakken turns Oasis into target as fracking costs slide

Buyers looking to extract the best deals from Bakken shale oil may turn to Oasis Petroleum Inc. and Whiting Petroleum Corp. as the cost to find and produce a barrel of crude soars.  More »
capitol building

Kinder/El Paso deal gives nod to gas despite political uncertainty

Kinder Morgan/El Paso deal doubles down on natural gas despite the legislative headwinds in Congress.  More »
(AP file photo/David J. Phillip)

Dynegy bondholders now betting on bankruptcy

Sometimes, bankruptcy may be the better option. That seems to be what Dynegy’s bondholders are thinking. Earlier this week they spurned a plan by the struggling Houston-based power company to replace existing bonds with ones that have a lower face value. Fewer than 10 percent of the face value of the existing $1.25 billion worth [...]  More »