Fuel Fix

Cleanup of oil spill at ND farm to take 2 more years

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FILE - This Oct. 11, 2013 file photo shows cleanup at the site of an oil pipeline leak and spill near Tioga, N.D. (AP Photo/Kevin Cederstrom, File)
“It’s now just become part of our lives,” Patty Jensen said of the massive spill from a Tesoro Corp. pipeline that was discovered in September 2013 by her husband.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

A single oil rig was shut down last week, extending six month decline

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As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.

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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
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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 file photo/Mike Derer)

AAA: Millenials are finally buying gasoline

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Americans under 35 are almost twice as likely as those above that age to report driving more because of the $1-a-gallon drop in prices at the pump over the past year.
Categories: featured, Gasoline, p2
(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
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon profits fall 46 percent amid cheap crude

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The Irving oil giant made $4.9 billion, or $1.17 a share, in January-March period, compared to $9.1 billion, or $2.10 a share, in the same period the year before. Quarterly revenues plunged from $106.3 billion to $67.6 billion.
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Phillips 66 shelves plans for oil processing projects

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In a call with investors on Thursday, Phillips 66 revealed that it will postpone plans for at least a year to build a condensate splitter and second fractionator at its Sweeny refinery.
Categories: General, Refining
(Photographer: Andrey Rudakov/Bloomberg)

Shell profit falls by more than half, but beats analyst estimates

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Shell is cutting investment after oil’s slump over the past year forced producers to defer projects to strengthen their balance sheets.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips boosts production despite pain from cheap oil

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The biggest hurdle during the quarter was the low price of crude, the company said in a statement released early Thursday.