Fuel Fix

Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

(Photo by Joe Raedle/Getty Images)

Chevron pumps more West Texas oil as profits slide

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Chevron Corp.’s profits slid 90 percent in the second quarter as lower crude prices forced it to write down the value of oil-producing assets even as the company’s refineries benefited.
(Photo by Eddie Seal for Bloomberg News)

Eagle Ford Shale tops Texas list of top crude, gas producers

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Communities in the Eagle Ford Shale in South Texas topped the state’s list of the top oil- and natural gas-producing counties in June, according to data released this week by the Texas Railroad Commission. Karnes County continues to pump more crude oil than any other county, with nearly 6.8 million barrels produced in June.
Categories: Eagle Ford

Electric Reliability Council of Texas ERCOT

Texas power users are breaking records, and could break more by the end of the summer

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A heat wave across Texas is pushing up power use. Every major Texas city this week has felt triple digit temperatues, with Houston experiencing its first 100 degree-days in two years.
Categories: Electricity
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

November retrial date expected for former BP engineer

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Federal prosecutors say Kurt Mix deleted text messages about the amount of oil flowing from BP’s well after a 2010 rig explosion
Categories: Gulf oil spill
(Spencer Platt/Getty Images)

Oil rig count continues climb, but pace slows

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This was the fourth time in five weeks that drillers added oil rigs after six straight months of mostly double-digit losses.
Categories: Crude oil
(Daniel Acker/Bloomberg)

Enbridge moves into the black, but earnings still dip 24 percent

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Enbridge said it is reviewing a potential transfer of its U.S. liquids pipelines into its Houston-based Enbridge Energy Partners master-limited partnership, but that current market conditions don’t support the move for now.
(AP Photo/Lisa Poole, File)

DCP Midstream restructuring continues, Phillips 66 executives say

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Phillips 66 equity investment in the Denver-based master limited partnership posted an adjusted loss of $25 million in the second quarter compared to $12 million loss in the first quarter.