Shell Oil President Marvin Odum, center, speaks at the University of Houston energy symposium, "Carbon tax: Is it the right time?" on Tuesday, Nov. 10, 2015. ( Karen Warren / Houston Chronicle )

Shell Oil Co. president touts carbon tax over piecemeal regulations

A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum said Tuesday at a University of Houston energy symposium on “Carbon Tax: Is It the Right Time?”
Shell's executive vice president for the Arctic, Ann Pickard, stands in front of the massive legs of the Transocean Polar Pioneer while it is being loaded with supplies in Seattle. Shell Oil Co. plans to use the Polar Pioneer and the Noble Discoverer to bore two exploratory oil wells in its Burger Prospect in the Chukchi Sea, about 70 miles northwest of the Alaska coast. Pickard, 60, took over Shell's Arctic portfolio in 2013 -- the latest step in a long career that included a three-year stint in Australia and five years heading Shell's interests in Nigeria.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell’s top Arctic exec is retiring, will join KBR board

Shell ended its $7 billion Arctic venture after the exploratory well it drilled in Alaskan waters of the Chukchi Sea failed to find significant amounts of oil and gas.
A handout picture released by the Saudi Press Agency (SPA) shows Saudi Arabia's new King Salman bin Abdul Aziz (C) praying along with Kuwaiti Emir Sheikh Sabah al-Ahmad Al-Sabah (2nd L), King Hamad bin Issa al-Khalifa of Bahrain (L) and other dignitaries and officials during the funeral of his half-brother late King Abdullah in Riyadh on January 23, 2015. The desert kingdom's elderly King Abdullah died early in the morning and was replaced by his half-brother Salman as the absolute ruler of the world's top oil exporter and the spiritual home of Islam. AFP PHOTO / HO / SPA == RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO/HO/SPA" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==-/AFP/Getty Images

Saudi Arabia will diversify oil-driven economy to meet U.N. goals on climate change

Saudi Arabia is the last Group of 20 countries with the world’s biggest economies to submit its plan to the U.N. before the summit in Paris.

IEA says US production to drop, prices to remain low

Forty-six years after the debut of Sesame Street, and crude has tried to hold on to a positive attitude (think: Big Bird), but is ending up more like Oscar the Grouch. And it can be excused for this grumpy disposition, given another round of poor overnight economic data, combined with a bout of dollar strength. […]
Categories: Crude oil
California Gov. Jerry Brown (AP Photo/Rich Pedroncelli)

Oil and gas regulator lodged complaint over work for Gov. Brown

State law prohibits elected officials from using state resources for personal purposes.
A field of dead corn sits next to the Lincolnland Agri-Energy ethanol plant July 25, 2012 in Palestine, Illinois. (Scott Olson/Getty Images)

Drop in crude oil prices could hurt companies tackling climate change

If the cost of crude remains near $50 a barrel until the end of the decade, cheaper conventional fuels would hold back the development of electric cars and biofuels that are helping curb carbon emissions, IEA said.
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.
(Getty Images)

Permian Basin output growing, but other top shale plays to fall

The Permian is one of the outliers — the only other play expected to grow over the next two months is the Utica in the Appalachian region.
Workers walk near an entrance to the Exxon Mobil Corp. Torrance refinery after an explosion and fire in Los Angeles, California, U.S., on Wednesday, Feb. 18, 2015. An explosion this morning at the Exxon Mobil Corp. refinery is creating concerns that limited oil refining capacity in California could raise fuel prices. Photographer: Patrick T. Fallon/Bloomberg

Exxon Mobil’s thrifty culture keeps it out of oil-bust quagmire

It isn’t corporate voodoo that has kept Exxon Mobil above the fray of the oil and gas industry downturn.
(Spencer Platt/Getty Images)

Oil price forecasts falling as 2016 outlook darkens

Both Fitch Ratings and Raymond James said Monday they had lowered their expected oil prices through 2016.