Fuel Fix

Exxon-Same-Sex-Benefits

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »
Yellow oil barrels

Oil price has its first gain in four days

WTI for January delivery, the most-actively traded, rose $1.35, or 1.8 percent, to $75.85 a barrel on the New York Mercantile Exchange.  More »
Beach-goers walk on the sand near the San Onofre nuclear power plant in San Clemente , Calif.  (AP Photo, Lenny Ignelzi, File)

Deal divides billions in closed San Onofre nuclear plant’s costs

At issue has been who should take the financial hit for the early demise of the plant located between Los Angeles and San Diego — company shareholders or customers.  More »

Massey Energy Co., CEO Don Blankenship (AP Photo/Haraz N. Ghanbari)

Ex-coal exec pleads not guilty in W.Va. mine blast

Blankenship entered the not guilty plea Thursday and has been released on $5 million bond.  More »
(Golden Pass Products)

EIA tool gives closer look at oil imports

U.S. oil imports have declined steadily over the past four years, as refiners replace foreign light, sweet crude with domestic supplies, according to the Energy Information Administration.  More »
Rich Kinder, left, chairman and CEO of Kinder Morgan. (Melissa Phillip / Houston Chronicle )

Kinder Morgan investors approve $44 billion merger

The approval of the deal heralds the beginning new era for the North America’s largest midstream company.  More »
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Apache to cut North American spending

Apache will cut its North American spending from $5.4 billion to $4 billion, the company told analysts at a presentation in New York, but it said it will be able to spend that money more efficiently.  More »
Most of Israel’s gas is contained in two offshore fields in the Mediterranean Sea: Tamar, seen here, and Leviathan.
 (Albatross via Getty Images)

Noble, partners eye $2 billion upgrade to Israel gas field

The disclosures were made in a report Thursday to the Tel Aviv Stock Exchange.  More »
(AP Photo/Richard Drew)

Halliburton merger means uncertain future for Baker Hughes fracking disclosures

Baker Hughes disclosure forms to FracFocus no longer include “trade secret” designations, but whether that will continue under Halliburton remains to be seen.  More »
A video monitor wall with the Technip Deep Energy ship at the companies booth during OTC 2013 at Reliant Park Tuesday, May 7, 2013, in Houston. ( James Nielsen / Houston Chronicle )

Technip puts up $1.8B offer for French seismic company

The Paris-based oil and gas equipment supplier said it first approached CGG on Nov. 10, and that it would “like to enter into a constructive dialogue” with the company’s board of directors.  More »
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache sells assets in Texas, Oklahoma, Louisiana for $1.4 billion

Apache Corp. has agreed to sell assets in Texas, Oklahoma and Louisiana in two deals worth $1.4 billion, the exploration and production company announced Thursday morning ahead of a presentation to analysts.  More »
Jim Ratcliffe, left, the founder of Ineos (ED Jones/AFP/Getty Images)

Ineos to invest $1B in UK shale gas exploration

The company is applying for more licenses to expand its operations in Scotland and in northern England.  More »
(AP Photo/U.S. Coast Guard)

Unfazed by slump, Austria’s OMV moving forward on development of 1 billion-barrel Arctic field

Tumbling oil prices aren’t deterring OMV AG from its Arctic ambitions.  More »
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Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »
Rich Kinder, left, chairman and CEO of Kinder Morgan. (Melissa Phillip / Houston Chronicle )

As deadline on proxy vote for major deal nears, Kinder Morgan seeks to sway investors

While Richard Kinder himself is strongly in favor of the deal, a few smaller investors have raised concerns that the move away from the tax-advantaged master limited partnership structure will cause problems.  More »
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