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.

Phillips 66 operates the Gulf Coast Fractionators facility in Mont Belvieu, Texas. (Phillips 66)

Berkshire discloses $4.5 billion stake in Phillips 66

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Berkshire held almost 58 million shares after purchases this week, or more than 10 percent of the total outstanding, according to a regulatory filing issued Friday by Warren Buffett’s Omaha, Nebraska-based company.
Categories: Crude oil, General, Refining
Caption


This July 30, 2014 photo shows Margerie Glacier, one of many glaciers that make up Alaska's Glacier Bay National Park. With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on oil. (AP Photo/Kathy Matheson)

In Alaska, Obama to walk fine line on climate change, energy

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The unambiguous goal of the president’s trip is to use dramatic and alarming changes to Alaska’s climate to instill fresh urgency into his global warming agenda.

(Photo by Andrew Burton/Getty Images)

Cameron stock price gained nearly 50 percent this week

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Investors flocked to Cameron following the company’s announcement that it was being bought by oil field services giant Schlumberger on Wednesday.
Categories: Crude oil, Markets
(Bureau of Safety and Environmental Enforcement)

Facing fierce winds and high seas, Shell halts Arctic drilling

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Shell temporarily halted exploratory oil drilling in the Arctic Ocean as the weather worsened on Thursday.
Categories: Arctic, Offshore
In this Sept. 16, 2004 file photo, waves crash against a sailboat lodged under a bridge in Fort Walton Beach, Fla., after Hurricane Ivan struck the gulf coast. Federal regulators believe a persistent oil spill in the Gulf of Mexico that began after a drilling platform was toppled during Hurricane Ivan in 2004 will continue for 100 years or more if left unchecked. (AP Photo/John Bazemore, File)

Shale boom has made U.S. oil production less vulnerable to hurricanes

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Hurricanes no longer pose as much of a threat to domestic production as they once did since the shale boom reduced the United States’ reliance on oil and gas extracted offshore, according to a new federal analysis.
Categories: Offshore, Weather
Over thirty oil drilling rigs are idle in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, as rig counts drop in the Permian Basin, Monday, May 18, 2015. (Courtney Sacco/Odessa American via AP)

Drillers added just one oil rig this week

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The Baker Hughes rig count, considered a proxy for oil field activity, showed rigs drilling for oil increasing from 674 last week to 675 this week.
Categories: General
(Spencer Platt/Getty Images)

Oil jumps up 6 percent

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The rebound follows the lowest close since February 2009 on Monday after a slump in Chinese stocks sent ripples through global financial markets. Crude is still down 15 percent this year on concern a supply glut will persist.
Categories: Crude oil, Markets