Fuel Fix

The Astrodome overshadows an entrance to the Offshore Technology Conference at NRG Park on Thursday, May 8, 2014, in Houston. ( J. Patric Schneider / For the Chronicle )

OTC setup underway at NRG Center

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Categories: featured, OTC
The floor of the massive OTC conference is already filling up with booths, models and gadgets. The event begins May 4 at NRG Center.

OTC setup underway at NRG Center

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Categories: featured, OTC
The Astrodome overshadows an entrance to the Offshore Technology Conference at NRG Park on Thursday, May 8, 2014, in Houston. ( J. Patric Schneider / For the Chronicle )
The floor of the massive OTC conference is already filling up with booths, models and gadgets. The event begins May 4 at NRG Center.
(AP Photo/Paul Sakuma, File)

Chevron earnings fall 50 percent along with crude prices

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The San Ramon, California-based company said Friday that its average realized price for a U.S. barrel of crude was $43 in the first quarter of 2015, compared to $91 per barrel in the same three months last year.

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    OTC through the years

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    The Offshore Technology Conference held its first event in 1969. Look back through 46 years of history at photos from the early days of Houston’s biggest conference.
    Categories: featured, OTC
(AP Photo/Reed Saxon)

Occidental Petroleum elects new chairman

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Eugene Batchelder, 67, worked for Phillips Petroleum from 1972 until its combination with Conoco in 2002.
Smoke and flames erupt from the scene of a train derailment Thursday, March 5, 2015, near Galena, Ill. A BNSF Railway freight train loaded with crude oil derailed around 1:20 p.m. in a rural area where the Galena River meets the Mississippi, said Jo Daviess County Sheriff's Sgt. Mike Moser. (AP Photo/Telegraph Herald, Mike Burley)

Feds move forward with tougher crude-by-rail standards

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The Transportation Department’s rule calls for what it described as an aggressive schedule for retrofitting older tank cars carrying crude and ethanol.
Categories: Crude oil, Rail

Photographer: Ty Wright/Bloomberg

U.S. oil rig count falls again

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U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, dropping the number of active oil rigs to 679.
Categories: Crude oil, Shale
Saudi King Salman delivers his first major policy speech since assuming the throne in the al-Yamama palace, Riyadh, Saudi Arabia, Tuesday, March 10, 2015. (AP Photo/SPA)

Saudi Aramco creates supreme board as oil exporter reorganizes

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Saudi Arabia is pumping near-record amounts of crude, leading the Organization of Petroleum Exporting Countries in a policy of maintaining output to pressure suppliers outside the 12-nation group to help tackle an excess.
Categories: Crude oil, Middle East
(Photo by Robert Nickelsberg/Getty Images)

Church of England dumps coal as fossil-fuel divestment gains

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The Church of England will dump its holdings in coal and oil-sand producers and has ruled out backing companies with exposure to the most polluting fossil fuels, joining the movement that wants investors to help fight climate change.
Categories: Coal
spanish-village

OTC: There’s lots of Tex-Mex, Mexican fare to be had

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Tex-Mex is the native Houstonian’s comfort food. We flock to places where the chips and salsa are unlimited, the margaritas are strong and the tortillas arrive warm.
Categories: OTC
corkscrew-bbq

OTC: Houston pitmasters do barbecue right

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After years of being overshadowed by Hill Country power smokers such as Franklin, Mueller and Snow’s, Houston’s pitmasters are serving up notable briskets, ribs and sausage.
Categories: OTC
In this Jan. 24, 2015 file photo, Saudi Arabia's King Salman attends a ceremony at the Diwan royal palace in Riyadh. Salman on Wednesday, April 29, 2015, redrew the line of succession, appointing a counterterrorism czar as crown prince and placing his own defense minister son in line for the crown, in a dramatic reshuffle that reflects the kingdom?s mounting security concerns and newly assertive foreign policy. (AP Photo/Yoan Valat, Pool)

Salman abandons Saudi royal balancing act to impose rapid change

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In less than four months, the king has overhauled his cabinet, removed princes from government roles, merged ministries and realigned the succession.
Categories: Crude oil, Middle East
(AP Photo/ Louis Lanzano)

Wall Street models fail as Big Oil crushes estimates

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Exxon Mobil Corp., BP Plc and other major oil producers beat analysts’ profit estimates by an average of 46 percent for the first quarter, according to data compiled by Bloomberg
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OTC: Where to eat, drink around Houston

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The Houston Chronicle has a few suggestions for the best spots to eat and drink during next week’s Offshore Technology Conference.
Categories: featured, OTC
A boat of tourists moves on Dubai creek, with the city skyline in the background in Dubai, United Arab Emirates. (AP file photo/Kamran Jebreili)

The oil slump is emptying the stores of Dubai

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With the plunge in crude throttling economies across the Middle East, gold buyers are harder to find.
Categories: Crude oil, Middle East
Steaks are prime at Vic & Anthony's, but chef Carlos Rodgriuez has many talents.

OTC: Stake a claim for exceptional steak

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Texans love their beef, and Houston is brimming with exceptional steakhouses. Here are some we recommend.
Categories: OTC
(DEwira/AFP/Getty Images)

OPEC oil output near 2 1/2-year high as Saudis show no letup

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Prices tumbled the first quarter of this year as U.S. output surged to the highest level in more than four decades and OPEC members pumped more barrels.
Categories: Crude oil, Middle East
(Photo: The Prundent Cyclist, Flickr)

OTC: Need to seal a deal? Belly up to the bar

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Here’s a sampler of some of Houston’s most popular watering holes, ranging from iconic icehouses to classic cocktail bars.
Categories: OTC
Enterprise Products Partners, which operates this complex in Mont Belvieu, also plans a propylene plant on the Texas Gulf Coast.

Enterprise Products, Occidental to build gas processing facility

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The announcement accompanied Enterprise Product’s first quarter results for 2015.
Categories: Finance/Earnings