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J2. Fossil Fuel Industry

Houston energy company CEO resigns after company warns of potential bankruptcy

Fuel Fix - Tue, 04/22/2025 - 08:42

The company's shares plummeted as much as 71 percent last week. 

Potential $50 billion Southwestern energy giant emerges as Diamondback seeks to buy rival Endeavor

Fuel Fix - Tue, 04/22/2025 - 08:42

Diamondback Energy's acquisition of Endeavor Energy Resources will create the region's third largest energy producer.

Energy’s impact on Texas economy shattered records last year

Fuel Fix - Tue, 04/22/2025 - 08:42

The impact of the energy industry on Texas' economy shattered records, but that performance is not guaranteed to continue

Texas power grid operator approved for a 40% budget increase

Fuel Fix - Tue, 04/22/2025 - 08:42

The Texas power grid operator will add nearly $119 million to its annual budget.

A Texas energy company will pay $1.3 million over pollution in the Permian Basin, EPA says

Fuel Fix - Tue, 04/22/2025 - 08:42

The EPA last year announced aerial surveillance of “super-emitters.”

ERCOT can’t be sued over power grid failures during 2021 winter storm, Texas Supreme Court rules

Fuel Fix - Tue, 04/22/2025 - 08:42

The all-Republican court narrowly found that the nonprofit corporation qualifies for sovereign immunity.

Houston's CenterPoint Energy CEO among most overpaid in U.S.

Fuel Fix - Tue, 04/22/2025 - 08:42

The energy firm leader's $37.8M salary is 366 times median employee pay.

House votes to block China from buying oil from US reserves

Fuel Fix - Tue, 04/22/2025 - 08:42

The measure is the first in a series of GOP proposals aimed at “unleashing American energy production.''

After underestimating power demand, Texas electric grid operator gets federal permission to exceed air quality limits

Fuel Fix - Tue, 04/22/2025 - 08:42

The U.S. Department of Energy granted permission for power plants to release more pollution than is normally allowed — if grid conditions worsen

Why Texans will carry cost of 2021 winter freeze for next 30 years

Fuel Fix - Tue, 04/22/2025 - 08:42

Texans will be bailing out energy providers haurt by the winter storm for decades.

Biden administration quietly approves huge Texas oil export project

Fuel Fix - Tue, 04/22/2025 - 08:42

 The proposed offshore terminal is one of four projects intended to expand oil export capacity.

Texans can apply for financial help with their soaring energy bills

Fuel Fix - Tue, 04/22/2025 - 08:42

The Texas Utility Help program has been reopened for low-income Texans to apply. 

Equipment that's designed to cut methane emission is failing

Fuel Fix - Tue, 04/22/2025 - 08:42

In Texas' oil and gas fields, technology to curtail methane "just doesn’t work," environmentalists say.

Texas power grid knocked in federal report analyzing winter readiness

Fuel Fix - Tue, 04/22/2025 - 08:42

An analysis by the Federal Energy Regulatory Commission indicates that the grid would not hold up well under extreme winter weather conditions. 

EXPLAINER: What is the Strategic Petroleum Reserve?

Fuel Fix - Tue, 04/22/2025 - 08:42

Tapping the reserve is among the few things a president can do to try to control inflation.

Houston-based pipeline operator agrees to $50M California oil spill settlement

Fuel Fix - Tue, 04/22/2025 - 08:42

The leak sent blobs of crude ashore in surf-friendly Huntington Beach and other coastal communities. 

How Enron spelled the end of Houston's Roaring 90s

Fuel Fix - Tue, 04/22/2025 - 08:42

The collapse of the company marked the end of the decade's economic optimism and growth.

Gov't OKs nearly $190M in bids from offshore oil lease sale

Fuel Fix - Tue, 04/22/2025 - 08:42

 Companies bid on about 2% of the tracts offered for sale in the Gulf of Mexico.

Houston-based oil company settles criminal cases in California spill

Fuel Fix - Tue, 04/22/2025 - 08:42

The company will plead no contest to all six charges.

ExxonMobil's BLADE expansion on schedule, set to open early 2023

Fuel Fix - Tue, 04/22/2025 - 08:42

ExxonMobil will be bringing 40 to 60 new permanent jobs to the area.

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