Fatih Birol of the International Energy Agency.  (Dave Rossman photo)

IEA: Cheap oil era could boost reliance on Middle Eastern crude

If crude prices don’t bounce back by the end of the decade, an era of cheap oil could consolidate more oil-market power into the hands of a few low-cost producers in the Middle East – raising concerns about energy security for oil-importing nations, the IEA says.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices temporarily rose after brief oil spike

The gasoline increase comes in the wake of the U.S. benchmark for oil rising from $43.20 a barrel on Oct. 28 up to $47.90 by Nov. 3.
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Ex-BP engineer says he was ‘scapegoat’

On Sunday, Kurt Mix wrote in a first-person commentary posted on the Wall Street Journal website that was an oil spill scapegoat.

Train cars lie overturned outside of Alma, Wis. after derailing on Saturday, Nov. 7, 2015. BNSF Railway said multiple tanker cars leaked ethanol into the Mississippi River on Saturday. (Aaron Lavinsky/Star Tribune via AP)

2nd train derails in Wisconsin in 2 days, spills crude oil

Federal investigators and hazardous material specialists are on their way to the scene, the Federal Railroad Administration said in a tweet.
Ali al-Naimi, Saudi Arabia’s minister of petroleum. (Joe Klamar/AFP/Getty Images)

Saudi Minister says Asia will drive oil demand

Oil demand will soon reflect the “attractiveness” of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minister Ali al-Naimi said.
Source: tap-ag.com, Trans Adriatic Pipeline.

Commentary: Southern Gas Corridor can boost regional stability

Georgios Papanikolaou is the Consul of Greece to Houston; Elena Sgarbi is the Consul General of Italy to Houston; and Ferhat Alkan is the Consul General of the Republic of Turkey to Houston.
A 7-megawatt wind turbine, a pilot project led by Marubeni Corp. and funded by the Japanese government, stands at a port in Onahama, Fukushima prefecture, Japan, on Monday, June 22, 2015. The new turbine will join a smaller 2-megawatt model, which has been generating power at the project about 20 kilometers (12 miles) off the coast of Fukushima since November 2013. Photographer: Noriyuki Aida/Bloomberg

Clean Line Energy’s $2.5 billion wind power project poised for approval

Houston-based Clean Line Energy is hoping to move forward next year with its $2.5 billion, 700-mile Plains & Eastern Clean Line transmission project to build power lines through Oklahoma, Arkansas and Tennessee to deliver 4,000 megawatts of wind power from the Oklahoma Panhandle area.
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Ex-BP engineer pleads guilty in Gulf oil spill probe

Prosecutors suggested no prison time for Mix, and a judge sentenced him to six months of probation.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon Oil to shed 200 jobs, restructure upstream business

The move shuffles Houston-based Marathon’s Bakken Shale, Eagle Ford Shale and Oklahoma assets into one division.
John McNabb, current CEO and chairman of the Willbros Group, pictured in 2008. (BILLY SMITH II/CHRONICLE)

Struggling Willbros Group names new CEO and chairman

Willbros Chairman and CEO John McNabb, 71, is stepping down Dec. 1, but remaining on the board until mid-2016.