Fuel Fix

(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.

Getting a glimpse of Exxon Mobil’s new campus

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(Jordan Blum/Houston Chronicle)
The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil industry needs half a trillion dollars to endure price slump

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If oil stays at about $40 a barrel, the shakeout could be profound.

(SAMAD/AFP/Getty Images)

Oil jumps back above $40 per barrel in largest gain since 2009

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U.S. benchmark crude settled up $3.96 at $42.56 a barrel on the New York Mercantile Exchange. The 10.3 percent gain was the largest for U.S. oil since prices were rebounding from financial crisis of 2009.
Categories: Crude oil, Markets
(ALEXANDER KLEIN/AFP/Getty Images

For OPEC, this year’s painful oil slump will bring gains in 2016

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With consumption set to grow by 1.4 million barrels a day, OPEC and its de facto leader Saudi Arabia could seize the chance to broaden their market as competitors damaged by the price slump fall off.

Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton believers could win big betting on deal

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Traders willing to bet the biggest oil-services deal can survive regulatory scrutiny stand to rake in more than $3 billion in profit.
McDermott International has a $1.5 billion-plus contract with Saudia Arabia's national oil company. (AP file photo/John Moore)

McDermott CEO sees Saudi contract as step in turnaround

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Offshore engineering company McDermott International has landed a $1.5 billion-plus lump sum contract with Saudi Aramco.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules Offshore no longer listed on Nasdaq

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Nasdaq staff determined Hercules no longer met the requirements to continue being listed on the exchange and the Houston-based company did not appeal the decision. Its last trading day will be Sept. 7.
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Commentary: Oncor to Change Owners? Two BIG Reasons Why It Matters

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If Oncor raises rates, more than 3 million Texas customers feel it. If Oncor can’t serve those homes and businesses, there’s nowhere else for them to turn.
Categories: General

Commentary: 10 challenges faced by the global LNG market

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We recently looked at the restart of the first Japanese nuclear reactor in four years, and assessed its impact on Japanese oil demand. It was somewhat burying the lede, however, not to address the impact on LNG demand. So with Japan’s developments still fresh in our minds, here are ten challenges faced by the global LNG […]
Categories: Asia, Crude oil, LNG, Middle East