Fuel Fix

Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

FILE - In this Dec. 22, 2014 file photo, an Iranian oil worker rides his bicycle at the Tehran's oil refinery south of the capital Tehran, Iran. Oil prices that slumped steeply earlier this year may take another hit once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. (AP Photo/Vahid Salemi, File)

Eni CEO: Iran could double oil output by 2020

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The flood of Iranian oil into a global market that’s already oversupplied will keep crude prices low for the rest of the decade, Eni SpA Chief Executive Officer Paolo Scaroni said on Wednesday.
U.S. President Barack Obama, left, and Chinese President Xi Jinping drink a toast at a lunch banquet in the Great Hall of the People in Beijing Wednesday, Nov. 12, 2014. (AP Photo/Greg Baker, Pool)

Commentary: The Chinese crude oil conundrum

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It appears to be a conundrum worthy of the attention of Fred, Daphne, and Velma (complete with Shaggy and Scooby to solve it), as contrasting signals out of the world’s largest energy consumer has left its impact on oil demand shrouded in mystery. As China’s economy matures it is a natural process that its energy intensity […]

(AP Photo/Richard Drew, File)

Dragon Oil’s largest shareholder calls on company to end dividend

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Dragon, while focused mostly on Turkmenistan, has ambitions to expand outside Central Asia in a bid to maintain production at 100,000 barrels a day.
Categories: Finance/Earnings
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Texas company to pay $170,000 for 2010 Wyoming oil spill

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In March 2010 162 barrels of crude oil discharged from a pipeline into a tributary of the Norwood River. The spill has been fully cleaned up.
(Kristen Hays/Houston Chronicle)

Enterprise sells Gulf of Mexico pipeline business for $1.5 billion

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The deal will send 1,100 miles of crude oil pipeline, 1,200 miles of natural gas pipeline and interest in six offshore hub platforms from Houston’s Enterprise to Genesis, which is also based in Houston.
(Spencer Platt/Getty Images)

Goldman Sachs: So far, cheap oil has been mostly bad for the economy

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While the dive in crude oil prices from more than $100 in June 2014 to a little over $50 this month has meant the cheapest gasoline prices since 2009, consumer spending from that windfall hasn’t outpaced deep cuts to the oil and gas sector.
Categories: Consumers, Crude oil, Markets
The Elba liquefied natural gas import terminal near Savannah, Ga.

Kinder Morgan to take over Shell’s interest in Elba LNG project

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The deal will hand Kinder Morgan full ownership of the Elba Liquefaction Co., a joint venture building an about $2.1 billion natural gas liquefaction facility at Elba Island, Georgia.