Fuel Fix

Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

ConocoPhillips considers spending cuts in face of falling oil prices

The largest independent said both production and profits rose in the third quarter, but warned it may begin to pull back its budgets in 2015 as prices fall.  More »
(AP Photo/Ken Taylor/Shell/PA Wire)

Shell says lower oil prices could affect pace in Permian

European oil giant Royal Dutch Shell saw its profits slide 4.6 percent in the third quarter as it began to feel the dip in crude oil prices.  More »
The Empire State tanker is one of five that Kinder Morgan plans to purchase from American Petroleum Tankers, part of a $1 billion deal that also includes four newly built vessels from State Class Tankers. (American Petroleum Tankers)

New crude export campaign launches

Free-market economists are launching an initiative to tout the promise of crude exports on Thursday, buttressing separate campaigns by oil companies and their allies on Capitol Hill.  More »

The Freeport LNG plant on April 9, 2014 at Quintana, TX.(Thomas B. Shea/for the Houston Chronicle)

Freeport LNG announces financing for part of project

Freeport LNG has secured financing for the first of three liquefaction trains proposed for an export terminal in Quintana, Texas, the company announced Wednesday.  More »
(AP Photo/Rebecca Catlett, Press & Sun-Bulletin)

Commentary: New poll shows generation gap applies to energy stances

Respondents to a University of Texas at Austin poll has shown that Americans’ opinions on energy and the environment vary drastically depending on how old they are.  More »
(AP Photo/Log Cabin Democrat, Courtney Spradlin)

Plaintiffs accuse Exxon of stifling Arkansas oil spill case

In 2013, the Pegasus pipeline ruptured in central Arkansas, spilling thousands of gallons of oil in a Mayflower neighborhood.  More »
The National Petroleum Reserve-Alaska as viewed from above in early October 2012.  (Jennifer A. Dlouhy / The Houston Chronicle)

Feds set ground rules for ConocoPhillips project in Alaska

ConocoPhillips’ plans for the first oil production facilities from federal lands in Alaska moved one step closer to reality on Wednesday, as the Interior Department released a critical environmental study on the project.  More »
Russell Girling, president and chief executive officer of TransCanada Corp. (left) and Joe Oliver, Canada's natural resources minister.(Scott Dalton/Bloomberg)

South Dakota poll: 60 percent support Keystone pipeline

The TransCanada Corp. project would transport oil from Canadian tar sands through Montana and South Dakota to Nebraska, where it would connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to refineries along the Gulf Coast.  More »
Robert Murray, founder and chairman of Cleveland-based Murray Energy Corp. (AP file photo/Salt Lake Tribune, Jim Urquhart)

Murray adds 100M tons to Illinois’ coal holdings

Murray Energy Corp., a privately held company with a dozen mines in Illinois and five other states, is among the nation’s most vocal coal producers.  More »
Salym Petroleum Development NV Gas And Oil Operations

U.S. crude output rises to highest since 1980s on shale boom

U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence.  More »
The head office of Statoil in Stavanger, Norway.  (AP Photo / Kent Skibstad, NTB scanpix, File)

Statoil suffers first loss on oil-sands project, crude drop

Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices.  More »
(Andrey Rudakov/Bloomberg)

Shell Midstream surges in early trading

Shell’s midstream initial public offering took flight early Wednesday, gaining more than 40 percent shortly after trading started.  More »
John Hess, Chairman and CEO of the Hess Corp. (AP file photo/Mark Lennihan)

Hess officials coy about what falling crude prices means for spending

On a week in which many executives have tried to downplay concerns about declining crude oil prices, the message provided one of the clearest pictures yet of how, exactly, the latest slide would affect earnings.  More »
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko CEO: Lower oil prices could bring more acquisitions

A decline in oil prices may offer up discounts for key acquisitions in Colorado and elsewhere, Anadarko CEO Al Walker said.  More »
Drilling Operations

Hess profits increase 140 percent amid asset sale

Hess Corp.’s third quarter profits increased 140 percent to $1 billion, the New York-based exploration and production company announced, as the company enjoyed the proceeds of a massive asset sale.  More »
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